Emaar The Economic City announces to invite its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting) via modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Emaar the Economic City is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) which will be held at 10:00 pm on Thursday 6/4/2023G, corresponding to 15/9/1444H through means of modern technology using Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Through modern technology at EEC's headquarter in KAEC – Rabigh. |
| URL for the Meeting Location | Click here |
| Date of the General Assembly's Meeting | 2023-04-06 Corresponding to 1444-09-15 |
| Time of the General Assembly's Meeting | 22:00 |
| Attendance Eligibility | Each Shareholder registered in the Company's Shareholder register at the Securities Depository Center (Edaa) at the end of the trading session preceding the meeting of the General Assembly has the right to attend the meeting of the General Assembly, and according to the rules and regulations, shareholders have the right to discuss the topics on the agenda of the General Assembly and direct their inquiries. |
| Quorum for Convening the General Assembly's Meeting | The Ordinary General Meeting shall be valid only if attended by shareholders representing at least %50 of the Share Capital. If there is no quorum for this meeting, a second meeting shall be held one hour after the end of the duration of the first meeting, the second meeting shall be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Voting on the decision of the Board of Directors for appointing Mr. Fahad Abduljalil Al-Saif (Non-executive member) as a member in the Board of Directors from the appointment date 16/06/2022 to complete the session of the Board until the end of the current session on 25/09/2023 to succeed former member Mr. Assim Mohammed Al-Suhaibani (Non-executive member). (CV attached)
2. Voting on the decision of the Board of Directors for appointing Mr. Naif Saleh Al-Hamdan (Non-executive member) as a member in the Board of Directors from the appointment date 08/12/2022 to complete the session of the Board until the end of the current session on 25/09/2023 to succeed former member Mr. Majid Mohammed Al-Sorour (Non-executive member). (CV attached) 3. Voting on the formation of the Audit Committee, and the definition of its duties, work regulations, and remunerations for its members for the new term, starting from 24/4/2023 until the end of the term on 23/04/2026. The following are the names of the candidate (Whose CVs are attached): - Mr. Osama Omar Barayan (Committee Chairman) - Mr. Mazen Nasser Al Sharfan - Mr. Abdulmajeed Sulaiman Aldakhil 4. Voting on the updated Remuneration and Nomination Committee’s Charter (Attached). |
| Proxy Form |  |
| E-Vote | Please note that the shareholders are able to electronically vote on agenda items through the services of Tadawulaty starting from Sunday 2/4/2023G corresponding to 11/9/1444H at 1:00 a.m. until the end of the ordinary General Assembly meeting, and the electronic voting mechanism is available with no cost for all shareholders through the following link:
https://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 | In the event of an inquiry or questions, we hope to contact the Shareholders Relations Department by phone 0125106872 or via e-mail [email protected]. Shareholders will be able to direct their questions during the General Assembly. |
| Attached Documents | |
Comments