Al Hassan Ghazi Ibrahim Shaker Company’s Announcement to Invite its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Hassan Ghazi Ibrahim Shaker Company is pleased to invite its shareholders to attend the Ordinary General Assembly meeting (First Meeting) which will be held on Thursday 21/09/1441H corresponding to 14/05/2020 at 10:30 p.m. through Tadawulaty system in accordance to CMA`s circular to conduct all AGM meetings for listed companies remotely thru the new and modern technology tools and to suspend the attendance of all meetings in presence until further notice in line with the precautionary and exceptional measures to control the outbreak of Coronavirus (Covid-19) and to ensure common safety. |
| City and Location of the General Assembly's Meeting | Head quarter of Shaker Company located in El Shafah - Riyadh , |
| URL for the Meeting Location | https://goo.gl/maps/HsD8iLmqondofhD7A |
| Date of the General Assembly's Meeting | 2020-05-14 Corresponding to 1441-09-21 |
| Time of the General Assembly's Meeting | 22:30 |
| Attendance Eligibility | Each shareholder registered in the shareholders register in the Securities Depository Center at the end of trading preceding prior to the Ordinary General Assembly Meeting, have the right to attend the Ordinary General Assembly Meeting thru the services of Tadawulaty as per the Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | According to article 33 from company by-laws, The quorum necessary for this Ordinary General Assembly meeting is shareholders representing 25% of the Company's capital; however, if the quorum was not present for the first meeting, a second meeting will convene an hour after the allocated time slot of the first, and that meetings’ quorum will valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1- Vote on the Board of Directors’ Annual Report for the fiscal year ending on 31st December 2019.
2- Vote on the external auditor report for the year ending on 31st December 2019. 3- Vote on the financial statements of the Company for the year ending on 31st December 2019. 4- Vote on the appointment of an external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the Company’s financial statements for the second, third, and 2020 year end, and the first quarter of 2021 and determining their fees. 5- Vote on releasing SAR 1,600,000 as a remuneration of the Board of Directors’ members for the year ended on 31/12/2019. 6- Vote on the discharge of the Board of Directors from the liability for their activities for the year ended on 31/12/2019. |
| Proxy Form |
| E-Vote | Please note that the shareholders are able to electronically vote on agenda items through the services of Tadawulaty starting from Sunday 10/05/2020G. Corresponding to 17/09/1441H at 10:00 a.m. until the end of the General Assembly, and the electronic voting mechanism is available with no cost for all shareholders through the following link: www.tadawulaty.com.sa |
| 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 | All shareholder’s inquires and questions for Board of Directors will be receive from Tuesday 19/09/1441H corresponding to 12/05/2020G. until 03:00 pm from the same day of General Assembly meeting via 0112638900 ext:11502 or by email : [email protected],
Note: In order to accept the inquiry, a copy of the shareholder’s ID is required. |
| Additional Information | Remote voting will suffice |
| Attached Documents |
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