Arabian Internet and Communications Services Company (solutions) announces the results of the Extraordinary General Assembly meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) is delighted to announce to its esteemed shareholders the results of the Extraordinary General Assembly meeting (first meeting) |
| City and Location of the General Assembly's Meeting | Company headquarters Olaya Street, Riyadh City - through modern technology means via Tadawulaty Platform. |
| Date of the General Assembly's Meeting | 2023-12-27 Corresponding to 1445-06-14 |
| Time of the General Assembly's Meeting | 18:30 |
| Percentage of Attending Shareholders | 87.7% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | -Mr. Riyadh Muawad (Chairman of the Board ) -Mr. Omar AlShabibi (Board Member) -Mr. Fahad AlAmoud (Board Member) -Mr. Abdulatif AlSeif (Board Member) -Mr. Mohammad AlAseeri (Board Member)
Absent from attendance was: -Mr. Haithem AlFaraj (Deputy Chairman of the Board) -Mr. Mathad AlAjmi (Board Member) -Mr. Mohammed AlAbbadi (Board Member) -Mr. Emad AlOudah (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Mr. Riyadh Muawad (Executive Committee and Investment Committee Chairman).
2- Mr. Abdulatif AlSeif (Audit Committee Chairman). 3- Mr. Fahad AlAmoud (Nomination and Remuneration Committee Chairman). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1- Approve the amendment of the Company’s Bylaws in accordance with the new Companies Law, rearranging and renumbering the articles of the Bylaws; to comply with the proposed amendments.
2- Approve the amendment of the Board Audit Committee Charter.
3- Approve the amendment of the Company’s Competition Standards and Rules Policy.
4- Approve of transferring the balance of the statutory reserve amounting to SAR (308,758,320), as shown in the Financial Statements for the year ended 31 December 2022, to the retained earnings. |
| Additional Information | For inquiries, please contact Investor Relations department:
- Email: [email protected]
- Phone: +966 11 525 2985 +966 11 525 2159
- Fax: +966 11 460 1110 |
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