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Bahri Annual Report
Disclosure & Transparency
Bahri Annual Report
Disclosure & Transparency
- The Company does not have any categories of transferrable debt instruments, nor any contractual securities, offering memoranda on subscription rights, or any similar rights issued or granted by the Company during the fiscal year. • Description of any transfer or subscription rights under transferrable debt instruments or any contractual securities or any subscription rights or similar rights issued or granted by the Company: - The Company does not have any transfer or subscription rights under transferrable debt instruments or any offering rights memos or similar rights issued or granted by the Company. • Description of any redemption, purchase, or cancellation by the Company of any redeemable debt instruments and the value of the remaining securities, with a distinction between the listed securities purchased by the Company and those purchased by the subsidiaries: - The Company and its subsidiaries do not have any such recovery, purchase, or cancellation of any recoverable debt instruments. • Description of any transaction between the Company and any related party: - There is no transaction between the Company and any related party.
Bahri adopts a policy of disclosure and transparency as stipulated in its corporate governance regulations and the requirements that pertain to the presentation and disclosure of information while preparing this report. Thus, ensuring that accurate information is delivered to its intended audience; such as shareholders, financiers, regulators and other stakeholders. Bahri’s disclosure and transparency also includes information related to accounting, compliance with corporate governance standards, details about the Board of Directors and its committees, as well as information about the executive management and their relevant tasks. All the information provided by Bahri is limited to public information that has already been disclosed through official communication channels and is consistent with the CMA directives aswell as theMinistry of Commerce & Investment.Through the Company’s website (www. bahri.sa), the Company provides a forum for its shareholders and all other users to communicate with the Company on an ongoing basis. This website can be used to search for any information required, and any updated information related to the Company, which includes annual, quarterly, and operational reports, as well as the Company’s publications, announcements, and information about current and former shareholders. Bahri also provides all news about its performance and activities through the official channels, such as “Tadawul” website, in
accordance with CMA directives and the disclosure policy adopted by the company as part of its corporate governance regulations. Bahri transparently discloses all necessary information, especially as it pertains to its commercial, operational and financial activities, without violating confidentiality, its trade secrets and unique commercial know- how. • Departure from the accounting standards issued by the Saudi Organization for Certified Public Accountants (SOCPA): - There is no departure from the accounting standards released by SOCPA. • Description of any interest in a class of voting shares held by persons (other than the Company’s Board of Directors, senior executives, and their relatives) that have informed the Company of their holdings pursuant to Article (45) of the Listing Rules of the Capital Markets Authority, together with any change to such interest during the last fiscal year: - The Company has not received any notification regarding any interest in a class of voting shares. • Description of the categories and numbers of any transferrable debt instruments any contractual securities or offering memoranda on subscription rights offers or similar rights issued or granted by the Company during the fiscal year with explanations for any compensation acquired by the Company for that:
• Information on any business or contracts where the Company is a party thereof and there is an interest for a Board member, CEO, CFO, or any person related to them: - The Company acknowledges that there is no contract where the Company is a party thereof and where there is an interest for a Board member, CEO, CFO, or any person related to them. • Description of any arrangements or agreement under which a Board member or senior executive has waived any rights to salary or compensation: - None of the Board members or senior executives has waived any rights to salary or compensation. • Description of any arrangements or agreement under which a shareholder of the Company has waived any rights to dividends: - There is no arrangement or agreement where a shareholder of the Company has waived any rights to dividends. • Description of the value of any investments or reserves created for the Company’s employees: - There are no specific investments or reserves set aside for the Company’s employees, except those for the severance payment provisions as provided for in the Saudi Labor Law and similar laws in the countries where there are companies wholly owned by Bahri such as the USA and UAE.
Disclosure & Transparency
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