Saudi Industrial Services Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | SISCO Board of Directors is pleased to announce the results of the Extraordinary General Assembly meeting (Second Meeting) |
| City and Location of the General Assembly's Meeting | Head Office – Jeddah - through modern technology methods |
| Date of the General Assembly's Meeting | 2022-11-10 Corresponding to 1444-04-16 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 27.41% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1- AAMER ABDULLAH ALIREZA (Chairman)
2- ADNAN ABDULFATTAH SOUFI (Vice Chairman) 3- SALEH AHMAD HEFNI (Board Member) 4- MUNEERAH HEJAB ALDOSSARY (Board Member) 5- TALAL NASSER ALDAKHIL (Board Member) 6- AHMED MOHAMMED ALRABIAH (Board Member) 7- ABDULAZIZ ABDULATIF JAZZAR (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Dr. Adnan Abdulfattah Soufi (Chairman of the Investment Committee -Chairman of the Risk and Sustainability Committee)
2- Dr. Adbulaziz Abdulatif Jazar (Chairman of the Nomination and Remuneration Committee & on behalf of the Audit Committee Chairman) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Agenda Item 1: Approval on the company’s purchase of number of its shares and a maximum of (8,160,000) shares and keep them as treasury shares, as the Board of Directors or the authorized persons consider that the share price in the market is less than its fair value. The purchase will be financed from the company’s own resources and authorizing the Board of Directors to complete the process within 12 months of the extraordinary general assembly’s approval date, and the company will keep the purchased shares for a maximum period of (5) years from the date of approval of the extraordinary general assembly. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations. |
| Additional Information | In the event of an inquiry, please contact the Shareholders Relations Department through
Phone number: 0126619500 Email: [email protected] |
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