2021 ‫الوس ائل ال تي اعتم د عليه ا املجلس النسخه القديم ة‬The members of the Board of Directors are evaluated

through the Committee of Rewards and

Nominations, using models prepared for this purpose, which have been reviewed by the Committee on Rewards and Nominations and approved
by the Board of Directors. The model contains the following criteria:
 Assessment of active participation with information and ideas for members
 Assessment of the obligation to attend meetings on a regular basis
 Assessment of the presentation of sincere and distinct views on the issues at hand
 Assess the effectiveness of constructive attitudes and debate by persuading and accepting observations and reactions.
 Assessment of analytical and necessary skills.
 Assess the ability of the member to achieve the objectives associated with the company's strategies.
 Assess the use of human and financial resources in an exemplary manner to design the company's strategic plans.
The members of the Board of Directors were assessed at the recent meeting of the Committee of Rewards and Nominations in accordance with
the criteria of the approved model.

2022 ‫ من تقرير‬55 ‫تكملة صفحة‬

1. The Board of Directors report for the year ending on December 31, 2020, was approved.
2. The company auditor report for the year ending on December 31, 2020, was approved.
3. The financial statements for the fiscal year ending on December 31, 2020, have been approved.
4. The appointment of Mr. Al-Ayouti & Partners Company as an auditor for the company has been approved to examine,
review, and audit the financial statements for the (first, second and third) and annual quarters of the fiscal year 2021 AD,
and the first quarter of the fiscal year 2022 AD, and his fees have been determined.
5. It was approved to authorize the Board of Directors to distribute interim dividends on a semi- or quarterly basis for the
fiscal year 2021.
6. The works and contracts that will take place during the year 2021 between the company and Al-Abdul Latif Furniture
Company, in which Board member Suleiman bin Omar Al Abdul Latif and Mr. Abdul Latif bin Omar Al Abdul Latif and
Mr. Fahd bin Omar Al Abdul Latif have an indirect interest in it, which is mainly sales, have been approved. Wholesale of
carpet and rug products, and they do not have any preferential conditions, and the value of these transactions during the
year 2020 amounted to (29,945) thousand riyals.
7. The works and contracts that will take place during the year 2021 AD between the company and Al-Abdullatif Furniture
Company, in which Board member Suleiman bin Omar Al-Abdullatif and Mr. Abdullatif bin Omar Al-Abdullatif and Mr.
Fahd bin Omar Al-Abdullatif have an indirect interest in them, which are services and benefits provided to, have been
approved. The related party (a rental contract for warehouses in favor of the Abdul Latif Industrial Investment Company
(landlord) and Al Abdul Latif Furniture (renter), and there are no preferential terms, and the value of these transactions
during the year 2020 amounted to (2,948) thousand riyals.
8. The works and contracts that will take place during the year 2021 AD between the company and the Abdul Latif Furniture
Company, in which Board member Suleiman bin Omar Al Abdullatif, Mr. Abdul Latif bin Omar Al Abdullatif and Mr. Fahd
bin Omar Al Abdullatif have an indirect interest in them, bearing in mind that the nature of the relationship consists of
services and benefits provided. To a related party, which is a contract to provide catering and housing services between
Ritaj Al Waseel Services, Maintenance and Catering Company (landlord), one of the company’s subsidiaries, and Al-
Abdullatif Furniture Company (renter), and the value of these transactions during the year 2020 amounted to (920)
thousand riyals.
9. The works and contracts that will take place during the year 2021 AD between the company and the Abdul Latif Furniture
Company, in which Board member Suleiman bin Omar Al Abdul Latif, Mr. Abdul Latif bin Omar Al Abdul Latif and Mr.
Fahd bin Omar Al Abdul Latif have an indirect interest in them, bearing in mind that the nature of the relationship
consists of services and benefits Provided to the related party, which are logistic services (work in the workshop /
electronics maintenance / maintenance and computer programming), and there are no preferential conditions, and the
value of these transactions during the year 2020 AD amounted to (100) thousand riyals.
10. The works and contracts that will be completed during the year 2021 AD between the company and the Abdul Latif
Furniture Company, in which Board member Suleiman bin Omar Al Abdul Latif, Mr. Abdul Latif bin Omar Al Abdul Latif
and Mr. Fahd bin Omar Al Abdul Latif have an indirect interest in them, bearing in mind that the nature of the
relationship consists of services and benefits from (Related party) These are housing leases, etc., in favor of Al-Abdul Latif
Furniture Company (landlord) on the Al-Abdul Latif Industrial Investment Company (renter) in order to accommodate
some of the employees of the Al-Abdul Latif Industrial Investment Company, and it has no preferential displacement. The
value of these transactions during the year 2020 amounted to (150,000) riyals.
11. The works and contracts that will be concluded during the year 2021 AD between the company and the Abdul Latif
Furniture Company, in which Board member Suleiman bin Omar Al Abdul Latif, Mr. Abdul Latif bin Omar Al Abdul Latif
and Mr. Fahd bin Omar Al Abdul Latif have an indirect interest in them, bearing in mind that the nature of the
relationship consists of: Services and benefits from (a related party), which are warehouse leases and sales centers
outside the city of Riyadh for the benefit of Al-Abdullatif Furniture Company (the lessor) and the lessee is Adfa Blankets
Company (a subsidiary of Al-Abdul Latif Industrial Investment Company). It does not have any preferential conditions,
and the value of these transactions during the year 2020 AD amounted to (189) thousand riyals.
12. The works and contracts that will be concluded during the year 2021 AD between the company and the Abdul Latif
Furniture Company, in which Board member Suleiman bin Omar Al Abdullatif, Mr. Abdullatif bin Omar Al Abdullatif and
Mr. Fahd bin Omar Al Abdullatif have an indirect interest in them, bearing in mind that the nature of the relationship
 consists of services and benefits From a (related party), which is purchases from a related party (carpet upholstery
supplies) for the implementation of the projects of the Abdul Latif Industrial Investment Company, and the executing
agency is the Al Abdul Latif Furniture Company. It does not have any preferential conditions, and the value of these
transactions during the year 2020 amounted to (26) thousand riyals.
13. The works and contracts that will take place during the year 2021 AD between the company and the Natural Gas
Distribution Company, in which the members of the Board of Directors Mr. Abdullatif bin Omar Al-Abdullatif and Mr.
Majid bin Abdulrahman Al-Osailan have an indirect interest, have been approved, knowing that the nature of the
relationship consists of procurement in general from a distribution company Natural gas (natural gas material). It does
not have any preferential conditions, and the value of these transactions during the year 2020 amounted to (1,740)
thousand riyals.
14. It was approved to disburse an amount of (100,000) riyals to four members of the board of directors as a reward for the
fiscal year ending on 31/12/2020 AD, with a total of (400,000) riyals, they are (Mr. Hisham bin Abdul Rahman Al-Askar,
Mr. Majid bin Abdul Rahman Al-Osailan and Mr. Abdulaziz bin Abdullatif Al-Dulaijan and Mr. Fawzi bin Ayoub Sabri),
noting that the rest of the three members, Mr. Suleiman Omar Al-Abdullatif, Mr. Abdullatif Omar Al-Abdullatif, and Mr.
Fahad Omar Al-Abdullatif, waive their rewards for their membership in the Board of Directors for the year ending on
12/31/2020 AD.
15. It was approved that the members of the Board of Directors are free from liability for the fiscal year ending on
31/12/2020 AD.