Saudi Telecom Company (stc) invites its shareholders to attend the Extraordinary General Assembly meeting (First meeting) by Means of Modern Technology.
| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company’s (stc) Board of Directors is honored to invite its shareholders to attend the Extraordinary General Assembly's meeting of stc (First meeting), which will be conducted virtually via Tadawulaty Platform. |
| City and Location of the General Assembly's Meeting | stc HQ, Riyadh (Building 41, Northern Gate No.3, Imam Saud Bin Abdul Aziz Road, Al Mursalat district). |
| URL for the Meeting Location | http://tadawulaty.com.sa/
|
| Date of the General Assembly's Meeting | 2023-06-21 Corresponding to 1444-12-03 |
| Time of the General Assembly's Meeting | 20:30 |
| Attendance Eligibility | Shareholders registered in stc’s shareholders registry in the Depository Center 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 | As per Article (32) of stc’s Articles of Association, the quorum for holding the Extraordinary General Assembly meeting is the presence of shareholders representing at least half (50%) of the share capital. If such quorum is not met, a second meeting shall be held within an hour following the time set for the first meeting, the second meeting shall be valid if attended by shareholders representing at least 25% of the share capital. |
| General Assembly Meeting Agenda | 1. Voting on the amendment of the Company’s Bylaws in accordance with the new Companies Law (attached).
2. Voting on the amendment of Board Audit Committee Charter (attached).
3. Voting on the amendment of Board Nomination and Remuneration Committee Charter (attached).
4. Voting on the amendment of Nomination and Remuneration of stc Board members and the members of its standing Committees and Remuneration of the Executive Management Policy (attached).
5. Voting on transferring the balance of the statutory reserve amounting to SAR (11,217,053,716) as shown in the Financial Statements for the year ended 31 December 2022 to the retained earnings. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members and to the external auditor. Shareholders registered in Tadawulaty service will be able to vote electronically on the General Assembly’s agenda. Electronic voting will start Saturday at 1:00AM on 17-6-2023 and will last until the end of the General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via:
http://tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for registering the attendance of the Assembly’s meeting ends upon the beginning of the General Assembly’s meeting. Eligibility for voting on the Assembly’s Meeting Agenda ends upon the counting committee concludes counting the votes. |
| Method of Communication | Please note that there will be a live video and audio broadcasting link for the General Assembly thru Tadawulaty system.
For more inquiries please contact the Shareholders affairs department in the Investor Relations Sector, building No.2, P.O. Box 87912 Riyadh 11652 Toll Free: 8001161100 E-mail: [email protected] |
| Attached Documents | |
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