Saudi Arabian Amiantit Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Arabian Amiantit Co. invites its shareholders to attend the Ordinary General Assembly meeting through modern technology “Tadawulaty” only. Scheduled to be held on Tuesday 28-04-2020, at 9:30 PM In the Company head office at the 1st Industrial Area, Dammam. and a reference to the circular issued by the Capital Market Authority that includes the suspension of conducting General Assembly Meetings by physical attendance until further notice, in order to ensure the safety of dealers in the financial market, In the context of supporting the preventive and precautionary efforts conducted by relevant authorities to address the new Corona Virus (COVID-19) |
| City and Location of the General Assembly's Meeting | In the Company head office at the 1st Industrial Area, Dammam (Dammam-AlKhobar Road Highway) |
| URL for the Meeting Location | https://www.google.com/maps/place/Saudi+Arabian+Amiantit+works/@26.401564,50.131275,326m/data=!3m1!1e3!4m5!3m4!1s0x0:0x5b9368585f937ecb!8m2!3d26.4015327!4d50.1319778?hl=en |
| Date of the General Assembly's Meeting | 2020-04-28 Corresponding to 1441-09-05 |
| Time of the General Assembly's Meeting | 21:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | The quorum necessary for the above meeting to be held is the attendance of shareholders representing 25% the share capital for the first meeting. In case such quorum could not be achieved, a second meeting will be held one hour after the first meeting scheduled time. The second meeting will be considered to have the legal quorum irrespective of the percentage of shares represented by attendees. the votes will be calculated on the basis of each share representing one vote |
| General Assembly Meeting Agenda | 1- To vote on the Board of Directors Report for the financial year ending 31-12-2019.
2- To vote on the consolidated Financial Statements for the Financial Year ending 31-12-2019. 3- To vote on the External Auditor’s Report for the Financial Year ending 31-12-2019. 4- To vote on discharging the Board of Directors from the responsibilities for the year ending 31-12-2019. 5- Voting on the appointment and determining the fees of an External Auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee to review and audit financial statements of the first quarter, second quarter, third quarter, and the annual of the fiscal year 2020. In addition to the first quarter of the fiscal year 2021. 6- To vote on the Board of Directors Remuneration amounting for SAR 1,000,000 for the year ending 31-12-2019 7- to Vote on corporate governance regulations list (attached). |
| Proxy Form |
| E-Vote | The electronic voting services will be available to the all shareholders through Tadawulaty website (www.tadawulaty.com.sa) from Friday April 24 2020 G at 10:00 AM and the voting will end once the Ordinary General Meeting ended. Please note that registration in Tadawulaty service and voting is provided free of charge. |
| 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 | For more information please contact the following number 00966138471500 Ext 1588 or email [email protected] or fax 920004070, 1588 during the official working hours from Sunday to Thursday 7:00 am to 4:00 pm |
| Attached Documents |
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