Saudi Telecom Company (stc) announces the results of the Ordinary General Assembly meeting (first meeting and the second meeting to be held one hour after the first meeting).
| Element List | Explanation |
|---|---|
| Introduction | stc is delighted to announce the results of the Ordinary General Assembly meeting. |
| City and Location of the General Assembly's Meeting | The Assembly meeting was held remotely through modern technology. |
| Date of the General Assembly's Meeting | 2021-11-30 Corresponding to 1443-04-25 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 84.14 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. HRH Prince Mohammed K. A. Al-Faisal (Chairman of the Board)
2. H.E. Dr. Khaled H. Biyari (Member) 3. H.E. Mr. Mohammed T. Alnahhas (Member) 4. Mr. Yazeed A. AL-Humied (Vice Chairman) 5. Ms. Rania M. Nashar (Member) 6. Ms. Sarah J. AL-Suhaimi (Member) 7. Mr. Jameel A. AlMulhem (Member) 8. Mr. Waleed I. Shukri (Member) 9. Mr. Ahmed M. Alomran (Member) Members of the Board of Directors Mr. Arndt Rautenberg and Mr. Sanjay Kapoor apologized for not being able to attend. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. HRH Prince Mohammed K. A. Al-Faisal (Chairman of the Board, the Executive Committee, and the Investment Committee)
2. Mr. Jameel A. AlMulhem (Member of the Board and Chairman of the Nomination and Remuneration Committee). 3. Ms. Rania M. Nashar (Member of the Board and Chairperson of the Risk Committee). 4. Mr. Waleed I. Shukri (Member of the Board and Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approve stc dividends policy for the next three years starting from the fourth quarter of 2021.
2. Approve the Company’s entry and execution of the Bookrunners Agreement. 3. Approve authorizing the Company’s Board of Directors, or any person delegated by the Board of Directors to approve the terms and conditions of the Bookrunners Agreement and any other related agreements, applications, documents instruments relating to the Secondary Offering including the offering document (prospectus); and execute such agreements and documentation and negotiate the same; and to carry out all other actions to execute the Secondary Offering. 4. Approve ratifying all previous actions carried out by the Company’s Board of Directors in relation to the Secondary Offering including preparatory work carried out with the Public Investment Fund in relation to the Secondary Offering and appointment of the relevant advisors. |
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