Al-Omran Industrial Trading Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting by means of modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Omran Industry and Trade Company is pleased to invite the honorable shareholders to attend the meeting of the Ordinary General Assembly (the first meeting) by means of modern technology. In order to ensure the safety of dealers in the financial market and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the new Corona virus (COVID-19), and as an extension of the continuous efforts made by All government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
| City and Location of the General Assembly's Meeting | The company's headquarters - King Abdul Aziz Road - in front of Kingdom Schools - Riyadh |
| URL for the Meeting Location | http://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2021-06-15 Corresponding to 1442-11-05 |
| Time of the General Assembly's Meeting | 20:00 |
| 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 | 50% |
| General Assembly Meeting Agenda | 1- Voting on the Board of Directors report for the year ended in 31/12/2020
2- Voting on the auditor's report for the past year 31/12/2020. 3- Voting on the company's consolidated financial statements for the year ended in 31/12/2020 4- Voting on the assignment of an auditor from among the candidates nominated by the Audit Committee in order to examine, review and audit the financial statements and the quarterly statements and the balance sheet for the current year 2021 and the first quarter of the financial year 2022 and determine his fees. 5- Voting on the business and contracts that have been concluded between the company and the Abaad Real Estate Investment Company, which for the members of the Board of Directors Mr. / Muhammad Omran Al-Omran and Mr. / Nasser Muhammad bin Omran and Mr. / Abdulrahman Muhammad bin Omran have an indirect interest in them and licenses for the next year, which is about (financing), as it was Transactions in 2020 amounted to (2099785 Saudi Riyals) without preferential terms. (Attached) 6- Voting to absolve the members of the Board of Directors from liability for the Financial year ended on 31/12/2020 7- Voting on the Board of Director's decision to appoint Mr. Sami Muhammad Al-Shiha as a member of the Audit Committee, starting from 02/09/2020 AD until the end of the current committee’s term of office on 18/09/2022, in place of the former committee member Mr. Muhammad Abdullah Al Hoshan, provided that the appointment is valid. Starting from the date of the recommendation issued on 02/09/2020 AD, this appointment comes in accordance with the Audit Committee's work regulations (attached). |
| Proxy Form |  |
| E-Vote | • Shareholders registered in Tadawulaty Services can vote on the Association's items at 10:00AM day Friday corresponding 11/06/2021 Until the end of the meeting time, Registration and voting for Tadawulaty Services will be available to all shareholders free of charge using 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 | For any inquire please contact Investor Relations phone number: 0112305566 ext. 117
and you can direct your inquiries throught the e-mail [email protected] |
| Attached Documents |
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