Saudi Cable Company announces the results of the Extraordinary General Assembly Meeting (Third Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Cable Company announces the results of the Extraordinary General Assembly Meeting (3rd Meeting), which was held at the Company Headquarter in Jeddah, and through the means of modern technology using Tadawulaty website, at 6:30pm, on Monday, 15/07/1444H corresponding to 06/02/2023 headed by the Board member and the CEO, Mr. Nael S. Fayez, after quorum attended by (11.61%) |
| City and Location of the General Assembly's Meeting | Saudi Cable Company's Headquarter, Jeddah and Via means of Modern Technology |
| Date of the General Assembly's Meeting | 2023-02-06 Corresponding to 1444-07-15 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 11.61% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Names of the Board Members who attended the meeting:
1. Nael S. Fayez (CEO) 2. Saleh A. Al Shathry 3. Abdulhadi A. Abulkhair 4. Meyassar A. Nowailati 5. Ali M. Al Attas 6. Azhar M. Kenji
Names of the Board Members who apologized attending the meeting: 1. Abdulrahman I. Alkhayal (Chairman of the Board) 2. Khaled M. Bawazeer |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Ghaith R. Fayez (Chairman of the Audit Committee)
2. Saleh A. Al Shathry (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the Board's report for the financial year ended 31-12-2021.
2. Approval of the financial statements for the financial year ended 31-12-2021. 3. Approval of the auditor's report for the financial year ended 31-12-2021. 4. Disapproval on absolve the members of the Board of Directors for the financial year ended 31-12-2021. 5. Disapproval on the business and contracts between the Company and (Medal Cable Company) in which members of the Board of Directors (Abdulrahman Al-Khayal and Abdulhadi Abu Al-Khair) have an indirect interest: (purchases of raw materials, dividends and bonuses of Board members and others in the form of financing fees on purchases. The duration of the transaction is one year) in the amount of (SAR 32.645.000) for the financial year ended 31-12-2021. 6. Approval of Amendment to (article 3) of the Company's bylaws, relating to (the purposes of the Company). 7. Disapproval on amending the Working Regulations of the Nominations and Remuneration Committee. 8. Approval of amending the Board Membership's Policies, Standards, Procedures and Controls. 9. Approval of the Working Regulation of the Audit Committee. 10. Approval of the social responsibility policy. 11. Disapproval on the Policy of Nominating Members of the Board of Directors and Members of its Committees’ and the Executive Management. |
| Additional Information | Based on voting result of item number five, the company requested 95 working days, ending on 1 Dhu al-Hijjah 1444 AH corresponding to 19 June 2023 AD, extension to come to a settlement with the agreement, as an option recommended in reference to Article 67 of the Companies Law for listed Joint Stock Companies. |
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