Etihad Etisalat Co. announces the results of the Extraordinary General Assembly meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Etihad Etisalat Co. announces the results of the Extraordinary General Assembly Meeting (second meeting), held in the Head Quarter office in Riyadh, on Tuesday 14-05-2019 Corresponding to 09-09-1440 H at 23:30. With total quorum of 48.56% to vote on the announced agenda. |
| City and Location of the General Meeting | Head Quarter office C4 AlHaqbani Building Al Riyadh |
| Date of the General Meeting | 2019-05-14 Corresponding to 1440-09-09 |
| Time of the General Meeting | 23:30 |
| Percentage of Attending Shareholders | 48.56 % |
| Voting Results on the Agenda | 1- Approval on the Company financial statements for the fiscal year ending 31-12-2018.
2-Approval on the auditor report for the fiscal year ending 31-12-2018.
3- Approval on the Board of Directors report for the fiscal year ending 31-12-2018.
4- Approval on releasing the members of the Board of Directors from their liabilities for the fiscal year ending 31-12-2018.
5- Approval on appointing of KPMG Al Fozan & Partners to review and audit the Company annual and quarterly financial statements from the third quarter of the fiscal year of 2019 till the end of the second quarter of the fiscal year of 2020 and determine their fees.
6- Approval on the businesses and contracts that made with Emirates Telecommunications Group Company (a main shareholder in Mobily) and represented in the amended technical services and support agreement, noting that the businesses and contracts that was made between the Company and Emirates Telecommunications Group Company during 2018 with respect to interconnection and roaming services rendered of (119,544) thousand SR, interconnection and roaming services received of (365,703) thousand SR, other administrative expenses of (29,673) thousand SR, and telecommunications services of (4,079) thousand SR, and obtain the approval for the next year without preferential conditions, due to an indirect interest for the Board members, namely: Eng. Saleh Al Abdooli, Eng. Khalifa Al Shamsi, and Mr. Serkan Okandan)
7- Approval on the merging of Bayanat Telecom company (The merged company) with its rights and obligations, including all intellectual rights like names, trademarks, all assets with their contents, all projects, contracts and works that the merged company is a party of, in addition to all technical, administrative elements and licenses that it owns in Etihad Etisalat Mobily (The acquired company ). This is after Etihad Etisalat ,Mobily Company, completes the acquisition “ buying” of entire shares of the National Company for Business Solutions in Bayanat Telecom Company, which are above 1500 shares out of 150.000 shares, and converting Bayanat Telecom Company as one person partnership in accordance with the procedures followed by the system and due to CITC request |
| Additional Information | Etihad Etisalat Co. Board members who attended the meeting are the following:
1- Suliman bin Abdulrahman Al-Gwaiz (Chairman – Chairman of Executive committee). 2- Abdullah Mohammed Al-Issaas (Deputy Chairman). 3- Ali Abdulrahman Al Sebeheen.(Chairman of Nomination and Remuneration Committee) 4- Homoud Abdullah Al Tweijry (Chairman of Risk Management Committee, and Audit Committee member, representative of the Committee) 5-. Hussain bin Ali Alasmari 6-. Mutaz Qusai Al Azawi 7- Khalifa Al Shamsi.
The following Board members have apologized to attend the meeting: 1- Saleh Abdullah Al Abdooli. 2- Serkan Okandan. 3- Mohamed Hadi Al Hussaini. |
Comments