Etihad Etisalat Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Etihad Etisalat Co. announces the results of the Ordinary General Assembly Meeting (first meeting), held through modern technology, on Monday 13-04-2020 Corresponding to 20-08-1441H at 19:00. to vote on the announced agenda. |
| City and Location of the General Assembly's Meeting | The meeting held through modern technology |
| Date of the General Assembly's Meeting | 2020-04-13 Corresponding to 1441-08-20 |
| Time of the General Assembly's Meeting | 19:00 |
| Percentage of Attending Shareholders | 55.58% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Etihad Etisalat Co. Board members who attended the meeting are the following:
1- Suliman bin Abdulrahman Al-Gwaiz (Chairman)
2- Abdullah Mohammed Al-Issa (Deputy Chairman).
3- Ali Abdulrahman Al Sebeheen
4- Homoud Abdullah Al Tweijry
5- Hussain bin Ali Alasmari
6- Mutaz Qusai Al Azzawi
7- Khalifa Al Shamsi.
8- Saleh Abdullah Al Abdooli.
9- Mohamed Hadi Al Hussaini.
The following Board member has apologized to attend the meeting:
- Serkan Okandan. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Suliman bin Abdulrahman Al-Gwaiz (Chairman of Executive committee).
2- Ali Abdulrahman Al Sebeheen.(Chairman of Nomination and Remuneration Committee)
3- Homoud Abdullah Al Tweijry (Chairman of Risk Management Committee)
4- Jamil Al Mulhem (Chairman of Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval on the Company financial statements for the fiscal year ending 31-12-2019.
2. Approval on the auditor report for the fiscal year ending 31-12-2019.
3. Approval on the Board of Directors report for the fiscal year ending 31-12-2019.
4. Approval on releasing the members of the Board of Directors from their liabilities for the fiscal year ending 31-12-2019.
5. Approval on appointing KPMG Al Fozan & Partners to review and audit the Company annual and quarterly financial statements from the third quarter of the fiscal year of 2020 till the end of the first quarter of the fiscal year of 2021 and determine their fees.
6. Approval on the businesses and contracts made with Emirates Telecommunications Group Company (a main shareholder in Mobily), noting that the businesses and contracts that was made between the Company and Emirates Telecommunications Group Company during 2019 with respect to interconnection and roaming services rendered of (104,870) thousand SR, interconnection and roaming services received of (389,315) thousand SR, managements fees of (112,517) thousand SR, other administrative expenses of (5,696) thousand SR, and other telecommunications services of (6,939) 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 - Mr. Serkan Okandan
7. Approval on the businesses and contracts made with a group of Saudi Banks during 2019 which is a signing of SAR 7.6 billion refinancing Murabaha Facility Agreement for 7 years with a group of Saudi Banks which includes Riyad bank (Agent), due to an indirect interest for the Board members, namely:
- Eng. Abdullah Al-Issa who chairs Riyad Bank Board. - Eng. Motaz Al Azzawi who is a board member of Riyad Bank.
8. Approval on rules and standards of competing with the company.
9. Approval on delegating the ordinary general assembly its authorization powers stipulated in paragraph (1) of Article 71 of the Companies Law to the company’s board of directors, for a maximum of one year from the date of approval by the general assembly to delegate its powers, or until the end of the session of the delegated board of directors, whichever is earlier, in accordance with the conditions contained in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. |
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