Shareholders’ Rights and Communication The Company’s shareholders have all rights and privileges stated in the Company’s Articles of Association, which is in line with the Company’s Law and corporate governance regulations issued by the Capital Markets Authority. The Board of Directors and executive management are always keen on creating a healthy environment for the shareholders to enable them to exercise all their rights in a convenient and straightforward manner through communications with the Company’s management. Shareholders who meet the regulatory conditions have the right to run for the Board’s membership. They are invited through local newspapers, the Company’s website, and “Tadawul” website to attend the General Assembly meetings to exercise their rights to vote and choose their representatives in the Board of Directors. A large number of shareholders participate in the discussions related to the Company’s activities and future plans during the General Assembly meetings. Upon approval by the General Assembly to the payment of dividends, the decision is immediately announced and procedures for payment to the shareholders registered in the records of the Securities Depository Center as at the end of the trading day on the day of the General Assembly meeting is held. Payments are made through local banks within 30 days from the date of the General Assembly’s approval in this respect. The Company participates in the investment forums organized by some investment companies. The Company has also approached prospective investors and current shareholders through meetings organized by certain agencies interested in investment activities. In addition, the Company has received a number of officials from investment agencies. It is worth noting that the information provided by the Company is limited to public information that has already been disclosed through the official channels of communication and is consistent with the directives of the Capital Markets Authority and Ministry of Commerce and Industry. 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. The Company also provides all news about its performance and activities through the official channels such as Tadawul website in accordance with the directives of the Capital Markets Authority and the disclosure policy adopted by the Company as part of the corporate governance regulations Disclosure The Company discloses all necessary information in a transparent manner, especially with regards to its activities and results in such a way that does not affect the activities.
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:
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Annual Report 2014
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