Mouwasat Medical Services Invites Its Shareholders To The Ordinary General Assembly Meeting (The First Meeting) By Means Of Modern Technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mouwasat Medical Services Company is pleased to invite the valued shareholders to attend the 18th Ordinary General Assembly Meeting, which is scheduled to be held at 10:00 PM on Thursday 17/09/1442 H., (corresponding to 29/04/2021 G.) from the company's headquarters located in Dammam through the means of modern technology remotely through Tadawulaty platform (https://tadawulaty.com.sa), to ensure the safety of shareholders and to support the preventive and precautionary efforts & measures by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19) and as an extension of the continuous efforts of all government agencies in the Kingdom of Saudi Arabia to take preventive measures to prevent its spread, in order to consider the following agenda: |
| City and Location of the General Assembly's Meeting | Dammam - Company's headquarters - Through the means of modern technology remotely |
| URL for the Meeting Location | https://tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2021-04-29 Corresponding to 1442-09-17 |
| Time of the General Assembly's Meeting | 22:00 |
| 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 | Quorum for Convening this General Assembly's Meeting is required to attend a number of shareholders representing at least 25% of the capital |
| General Assembly Meeting Agenda | 1- Voting on the Board of Directors’ report for the fiscal year ended December 31,2020 G.
2- Voting on the auditor report on the Company’s accounts for the fiscal year ended December 31,2020 G. 3- Voting on the financial statements for the fiscal year ended December 31,2020 G. 4- Voting on appointing the Auditor for the Company from among nominees based on the Audit Committee’s recommendation. The appointed auditor shall examine, review, and audit the (second and third) quarter and annual financial statements, of the fiscal year 2021 G., and the first quarter of fiscal year 2022 G., and the determination of the auditor’s remuneration. 5- Voting on the Board’s recommendation to distribute cash dividends amounting to SR 250 million to the shareholders for the fiscal year ended 31/12/2020 G. at SR 2.5 per share representing 25% of the nominal value of the share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of Assembly date, and who are registered in the Company's Shareholders Registry held with the Security Depository Center Company (Edaa) at the end of the second trading day following the entitlement date, the distribution date will be determined later. 6- Voting on paying an amount of SR 3,150,000 as remuneration to the Board members for the year ended 31/12/2020 G. 7- Voting on the business and contracts that will be concluded between the Company and Mouwasat International Co. Limited, in which the Board members Mr. Mohammed Sultan Al Subaie and Mr. Nasser Sultan Al Subaie have a direct interest, and the Board member Mr. Mohammed Suleiman Al Saleem has an indirect interest, and the nature of transaction is a rental contract of a residential for the Company's employees in Dammam and Jubail according to the Company's procurement system without preferential terms, with the value of transactions in 2020 G. amounted to SR 2,313,000 (Attached). 8- Voting on the business and contracts that will be concluded between the Company and Mouwasat international Co. limited, in which the Board members Mr. Mohammed Sultan Al Subaie and Mr. Nasser Sultan Al Subaie have a direct interest, and the Board member Mr. Mohammed Suleiman Al Saleem has an indirect interest, and the nature of transaction is for medical and pharmaceutical supplies in accordance with the Company's procurement system without preferential terms, value of transactions during 2020 G. amounted to SR 12,096,929 (Attached). 9- Voting on the business and contracts that will be concluded between the Company and Mouwasat International Co. limited, in which the Board members Mr. Mohammed Sultan Al Subaie and Mr. Nasser Sultan Al Subaie have a direct interest, and the Board member Mr. Mohammed Suleiman Al Saleem has an indirect interest, and the nature of transaction is for tickets and tourism and travel services according to the Company's system without preferential terms, noting that the value of transactions during 2020 G. amounted to SR 4,234,724 (Attached). 10- Voting on the business and contracts that will be concluded between the Company and Mouwasat International Co. limited, in which the members of the of Directors Mr. Mohammed Sultan Al Subaie and Mr. Nasser Sultan Al Subaie have a direct interest, and the Board member Mr. Mohammed Suleiman Al Saleem has an indirect interest, and the nature of transaction is the supply of trained technical labor in accordance with the Company's system without preferential terms, noting that the value of transactions during 2020 G. amounted to SR 977,348 (Attached). 11- Voting on the business and contracts that will be concluded between the Company and Mouwasat International Co. limited, in which the Board members Mr. Mohammed Sultan Al Subaie and Mr. Nasser Sultan Al Subaie have a direct interest, and the Board member Mr. Mohammed Sulaiman Al Saleem has an indirect interest, and the nature of transaction is the supply and installation of stainless steel works in accordance with the Company's procurement system without preferential terms, with the value of transactions during 2020 G. amounted to SR 1,015,429 (Attached). 12- Voting on the business and contracts that will be concluded between the Company and Advision for trading Est., in which the Board member Mr. Khalid Suleiman Al Saleem has an indirect interest, and the nature of transactions are of advertising and marketing related in accordance with the Company's procurement system without preferential terms, value of transactions during 2020 G. amounted to SR 19,623,277. (Attached) 13- Voting on the participation of the Board member Mr. Nasser Sultan Al Subaie in a business competing with the Company’s business. (Attached) 14- Voting on the participation of the Board member Mr. Mohammed Suleiman Al Saleem in a business competing with the Company’s business. (Attached) 15- Voting on to release Board members from liability for the period ended 31st of December 2020 G. |
| Proxy Form | |
| E-Vote | Shareholders registered in Tadawulaty Services can vote electronically on the agenda items of the Ordinary Assembly, electronically, starting from 10:00 am on Sunday 13/09/1442 H. (corresponding to 25/04/2021 G.) until the end of the assembly meeting, and therefore all shareholders of the Company are invited to participate and vote remotely, noting that registration in Tadawulaty services and voting is available free of charge to all shareholders via the following link https://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 | For inquiries, shareholder relationships can be contacted by:
Phone: +966138200016 Ext. 119 or 114 Fax: +966138200014 E-mail: [email protected] P.O. Box: 7011 Dammam 31462 |
| Attached Documents |
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