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Baazeem Trading Company Invites its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting and second meeting will be held within one hour of the first meeting) by Means of Modern Technology

BAAZEEM 4051 23.80% 69.70 13.40
Element List Explanation
Introduction The Board of Directors of Baazeem Trading Company is pleased to invite its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) scheduled for 06:30 PM on Tuesday 09/02/1443H (corresponding to 16/09/2021G) remotely through modern technology in the company head office in Riyadh(. https://www.any-meeting.com.

This is within the support of the preventive and precautionary efforts and measures by the competent health authorities to address the emerging 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 By Means of Modern Technology
URL for the Meeting Location https://www.any-meeting.com
Date of the General Assembly's Meeting 2021-09-16 Corresponding to 1443-02-09
Time of the General Assembly's Meeting 18:30
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 A meeting of the Extraordinary General Assembly shall be valid only if attended by Shareholders representing at least half of the Company’s capital. If such quorum cannot be attained at the first meeting, a call shall be made to a second meeting to be held as follows:

A.A second meeting shall be held within an hour following the time set for the preceding meeting provided that the notice to hold the first meeting shall state the possibility of holding such meeting;

B.Or within the thirty days following the preceding meeting, and such summons shall be published in the manner prescribed in Article (30) hereof. In all cases, the second meeting shall be deemed valid if attended by a number of Shareholders representing at least 1/4 (one-quarter) of the Company’s capital.

In case quorum cannot be attained at the second meeting, an invitation shall be made to a third meeting which shall be held under the same conditions applicable to Article (30) hereof. The third meeting shall be deemed valid irrespective of the number of shares represented therein upon the consent of the Competent Authority.

General Assembly Meeting Agenda 1-voting about suspending the retention rate of ten percent (10%) of the net profits to form a statutory reserve for the company as it already reached the statutory reserve (30%) of the capital.

2-Voting about the amendment of articles 5 in the Articles of Association (as per the attached comparison table).

3- Voting about the amendment of articles16 in the Articles of Association (as per the attached comparison table).

4- Voting about the amendment of articles 18 in the Articles of Association (as per the attached comparison table).

5- - Voting about the amendment of articles 22in the Articles of Association (as per the attached comparison table).

6- Voting about the amendment of articles23 in the Articles of Association (as per the attached comparison table).

7- Voting about the amendment of articles30 in the Articles of Association (as per the attached comparison table).

8-voting l of the amendment of articles 32 in the Articles of Association (as per the attached comparison table).

9- voting of the amendment of articles38 in the Articles of Association (as per the attached comparison table).

10- voting of the amendment of articles41in the Articles of Association (as per the attached comparison table).

11- voting of the amendment of articles 42 in the Articles of Association (as per the attached comparison table).

12- voting of the amendment of articles 45 in the Articles of Association (as per the attached comparison table).

13- voting of the amendment of articles 46 in the Articles of Association (as per the attached comparison table).

Proxy Form
E-Vote The remote voting will start at 10 am on 09/02/1443H (corresponding to 16/09/2021G) and shall continue until the end of General Assembly meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link: (https://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 please contact Tel: 011-4129999 Ext 888 During the company working hours or by e-mail [email protected]
Attached Documents         
General Assembly Meeting Agenda

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