Saudi Azm for Communication and Information Technology Co. announces to Invites its Shareholders to Attend the (First Meeting) The Extraordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Azm for Communication and Information Technology Company is pleased to invite shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held, God Almighty, at 7:30 pm on (Monday) on 03-01-1444 AH corresponding to 01-08-2022 AD, in the presence and through the means of modern technology. |
| City and Location of the General Assembly's Meeting | Company headquarters: Laysen Valley - Building 23 – King Khalid Rd – Riyadh City - And through modern technology means via the Tadawulaty Platform. |
| URL for the Meeting Location | https://goo.gl/maps/TRhQz3UpjZB5wMa76 |
| Date of the General Assembly's Meeting | 2022-08-01 Corresponding to 1444-01-03 |
| Time of the General Assembly's Meeting | 19:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | The Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the capital. |
| General Assembly Meeting Agenda | First: To vote on amending Article (first) of the company's bylaws related to (transformation of the company). (Attached)
Second: To vote on amending Article (Second) of the company's articles of association related to (company name). (Attached)
Third: To vote on amending Article (31) of the company's bylaws related to (the quorum of the ordinary general assembly meeting). (Attached)
Fourth: To vote on amending Article (32) of the company's bylaws related to (the quorum of the extraordinary general assembly meeting). (Attached)
Fifth: To vote on the amendment of (Article 53) of the company's bylaws related to (the company's purchase, mortgage and sale of its shares). (Attached)
Sixth: Voting on the work list of the Nomination and Remuneration Committee. (Attached)
Seventh: To vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee; This is for examining, reviewing and auditing the semi-annual and annual financial statements for the fiscal year 2022 AD, and for examining, reviewing and auditing the semi-annual and the annual financial statements for the fiscal year 2023 AD, and determining its fees. (attached)
Eighth: To vote on the program of shares allocated to employees and approved by the company’s board of directors on 06-12-1443 AH corresponding to 05-07-2022 AD and authorize the Board of Directors to determine the terms of this program, including the allocation price for each share offered to employees, if it is for a fee. And that in the event of approval of the fifth item. (Attached)
Ninth: To vote on the company's purchase of a number of shares and a maximum of (100,000) of its shares in order to allocate them to the company's employees within the employee stock program. And appoint the board of directors on their behalf to complete the purchase within 12 months from the extraordinary general assembly. The company will keep the purchased shares for a period not exceeding (5) years from the date of approval of the extraordinary general assembly as a maximum until they are allocated to the eligible employees, and after the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations, in the event of approval of the fifth and eighth item. |
| Proxy Form |  |
| E-Vote | The registered shareholders in the Tadawulati services will be able to vote remotely on the items of the assembly, starting from ten in the morning on (Thutsday) 29/12/1443 AH corresponding to 28/07/2022 AD until the end of the time of the assembly, and registration and voting in the Tadawulati services will be available and free for all Shareholders using the following link: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | For more inquiries please contact the Investor Relations Department,
Phone: 0502948756
E-mail: [email protected] |
| Attached Documents | |
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