Saudi Telecom Company (stc) invites its shareholders to attend the Ordinary General Assembly meeting (First meeting) by Means of Modern Technology.
| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company’s (stc) Board of Directors is honored to invite its shareholders to attend the Ordinary General Assembly's meeting of stc (First meeting), which will be conducted virtually via Tadawulaty Platform. |
| City and Location of the General Assembly's Meeting | stc HQ, Riyadh (Building 41, Northern Gate No.3, Imam Saud Bin Abdul Aziz Road, Al Mursalat district). |
| URL for the Meeting Location | http://tadawulaty.com.sa/ |
| Date of the General Assembly's Meeting | 2023-05-11 Corresponding to 1444-10-21 |
| Time of the General Assembly's Meeting | 20:30 |
| Attendance Eligibility | Shareholders registered in stc’s shareholders registry in the Depository Center at the end of the trading session preceding the general assembly’s meeting as per laws and regulations. Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members and to the external auditor. |
| Quorum for Convening the General Assembly's Meeting | As per Article No. (31) of stc’s Articles of Association, “a meeting of the Ordinary General Assembly shall be valid only if attended by shareholders representing at least half (50%) of the share Capital. If such quorum cannot be attained at the first meeting, a second meeting shall be held within an hour following the time set for the first meeting”. In all cases, the second meeting shall be valid regardless of the number of the shares represented therein. |
| General Assembly Meeting Agenda | 1. Viewing and discussing the Board of Directors report for the fiscal year ending on 31-12-2022.
2. Viewing and discussing the financial statements for the fiscal year ending on 31-12-2022.
3. Voting on stc’s Auditor Report after discussing it for the fiscal year ending on 31-12-2022.
4. Voting on appointing the auditor for the company from the selected candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the (second and third) quarters and annual financial statements of the fiscal year 2023, and the (first, second and third) quarters and annual financial statements of the fiscal year 2024. In addition to, the determination of the auditor’s remuneration.
5. Voting on authorizing the Board of Directors with the General Assembly authority with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.
6. Voting on paying SAR (6,345,000) as remunerations for the members of Board of Directors for the fiscal year ending on 31-12-2022. |
| Proxy Form |  |
| E-Vote | All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start Sunday at 1:00AM on 07-5-2023 and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via:
http://tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for registering the attendance of the Assembly’s meeting ends upon the beginning of the General Assembly’s meeting. Eligibility for voting on the Assembly’s Meeting Agenda ends upon the counting committee concludes counting the votes. |
| Method of Communication | Please note that there will be a live video and audio broadcasting link for the General Assembly thru Tadawulaty system.
For more inquiries please contact the Shareholders affairs department in the Investor Relations Sector, building No.2, P.O. Box 87912 Riyadh 11652 Toll Free: 8001161100 E-mail: [email protected] |
| Attached Documents |
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