Alujain Holding Corp. Invites Its Shareholders to The Extraordinary General Assembly Meeting (The First Meeting) by Means of Modern Technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alujain Holding Corp. is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (No.11), (First Meeting), which is scheduled to be held, God willing, at 7:30 pm on Wednesday 17/10/1443 AH corresponding to 18/05/2022 via modern technology means provided by Tadawulaty. |
| City and Location of the General Assembly's Meeting | Riyadh - Head Office - By Means of Modern Technology |
| URL for the Meeting Location | https://www.tadawulaty.com.sa/ |
| Date of the General Assembly's Meeting | 2022-05-18 Corresponding to 1443-10-17 |
| Time of the General Assembly's Meeting | 19:30 |
| 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 | The quorum for holding the Extraordinary General Assembly shall be considered valid if attended by shareholders who represent at least 50% of company’s capital. If the required quorum has not been met, a second meeting will be held one hour from the time the first meeting was supposed to convene. The second meeting shall be valid if attended by shareholders representing at least 25% of company’s capital. |
| General Assembly Meeting Agenda | 1- Voting on the Board of Directors' report for the fiscal year ending on 31-12-2021 G.
2- Voting on the auditor's report on the Company’s accounts for the fiscal year ending on 31-12-2021 G. 3- Voting on the financial statements for the fiscal year ending on 31-12-2021 G. 4- Voting on the company’s dividend policy for the years 2022 and 2023. Alujain aims to distribute dividend per share to the company’s shareholders with a minimum of (1) Saudi Riyal, equivalent to 10% of the paid-in capital for each year of 2022 and 2023. The dividends policy will remain subject to change based on the following: 1) Any material changes in the strategy and business of the company 2) Increasing the company's future investments and projects 3) Any current or future commitments to financial entities. 5- Voting on authorizing the Board of Directors to distribute interim dividends for the fiscal year 2022. 6- Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the second, third and annual financial statements, of the fiscal year 2022 G, and the first quarter of the fiscal year 2023 G, and the determination of the auditor remuneration. 7- Vote on the additional fees of the external auditor related to the consolidation of the financial statements for the year 2021. 8- Voting on the amendment of Article (2) of the Company’s bylaws relating to (Company Name). (Attached) 9- Voting on the amendment of Article (3) of the Company’s bylaws relating to (Company Objective). (Attached) 10- Voting on the amendment of the company’s corporate governance. (Attached) 11- Voting to stop the retention rate of ten percent (10%) of the net profits to statutory reserve for the company, due to the fact that the statutory reserve balance as at 31-12-2021 reached (41.63%) of the capital, This is starting from the company’s financial results ending on 31-03-2022. |
| Proxy Form |  |
| E-Vote | The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 10:00 AM on Sunday 14-10-1443 H corresponding to
15-05-2022 G until the closure of the meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by 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 | Phone: 011–2346515 , Fax: 011-2290994 , Email: [email protected] |
| Attached Documents | |
Comments