Saudi Arabian Amiantit Co. Invites its Shareholders to Attend the Ordinary General Assembly Meeting by means of modern technology (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Arabian Amiantit Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (First Meeting) scheduled for God Almighty’s will at 8:30 in the evening on Sunday 03-12-1445H corresponding to 09-06-2024G by means of modern technology. |
| City and Location of the General Assembly's Meeting | The company's main headquarters in Dammam through modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-09 Corresponding to 1445-12-03 |
| Time of the General Assembly’s Meeting | 20:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders register at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least quarter of the capital. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting will be valid whatever the number of shares represented. |
| General Assembly Meeting Agenda | 1- Reviewing the Board of Directors’ report for the year ending 31/12/2023G and discussing it.
2- Review and discuss the company’s financial statements for the year ending on 31/12/2023G. 3- Vote on the auditor’s report for the year ending 31/12/2023G after discussing it. 4- Vote on appointing an auditor for the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the (second and third) and annual quarters of the fiscal year 2024G, and the first quarter of the fiscal year 2025G, and determine his fees. 5- Vote on discharging members of the Board of Directors from their liabilities for the year ending on 31/12/2023G. 6- Voting on paying an amount of SAR 1,000,000 as remuneration to the Board members for the fiscal year ending on 31-12-2023G. 7- Voting on the amendment of the Audit Committee's policy (attached). 8- Voting on the amendment of the Nomination and Remuneration Committee's policy (attached). 9- Voting on amendment the remuneration policy of the members of the Board of Directors and its committees (attached). 10- Voting on the policies, standards and procedures of membership in the Board of Directors (attached). 11- Voting on the standards and controls of competing businesses policy (attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the assembly’s agenda and ask questions, and vote, and shareholders registered in TADAWULATY services can vote electronically on the assembly’s by using the following link: www.tadawulaty.com.sa. |
| Details of the electronic voting on the Assembly’s agenda | Electronic vote starting at 1:00 am on Wednesday 28-11-1445H corresponding to 05-06-2024G until the end of the time of the assembly, Registration and voting in Tadawulaty will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | The company is pleased to receive any inquiries from the shareholders related to the agenda and reply any question from the date of publishing this announcement. Moreover, the questions of the shareholders will be replied during the General Assembly meeting. Kindly contact us on the below: -
Investors Relationship Department. Tel: 013-8471500 Extn. 1117 Email: [email protected] |
| Attached Documents | |
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