Mohammed Hasan AlNaqool Sons Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mohammad Hassan Al Naqool Sons Company is pleased to invite the shareholders to participate and vote in the meeting of the Extraordinary General Assembly of the company (the first meeting), which is scheduled to be held, God willing, at exactly seven o’clock in the evening on Sunday corresponding to 11/6/2023 AD, by means of modern technology using the website Tadawulaty service (www.tadawulaty.com.sa). |
| City and Location of the General Assembly's Meeting | The company's main center in Dammam - through modernistic technology |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-06-11 Corresponding to 1444-11-22 |
| Time of the General Assembly's Meeting | 19:00 |
| Attendance Eligibility | Each shareholder registered in the issuer’s shareholder register at the Depository Center has the right at the end of the trading session that precedes the meeting of the General Assembly, according to the rules and regulations, and the shareholder has the right to discuss the issues listed on the assembly’s agenda and ask questions. |
| Quorum for Convening the General Assembly's Meeting | According to Article No. (32) of the Company’s Articles of Association, the Extraordinary General Assembly meeting is valid if attended by shareholders representing at least half of the capital, and if the necessary quorum is not available for holding this meeting, the second meeting will be held an hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by shareholders representing at least a quarter of the capital |
| General Assembly Meeting Agenda | 1- Reviewing and discussing the report of the Board of Directors for the fiscal year ending on 12/31/2022 (attached)
2- To vote on the company's auditor's report for the fiscal year ending on 12/31/2022 AD, after discussing it (attached) 3- Reviewing and discussing the financial statements for the fiscal year ending on 12/31/2022 (attached) 4- Vote to absolve the members of the Board of Directors from their liability for the fiscal year ending on 12/31/2022 AD. 5- Voting on the business and contracts concluded between the company and East Erm Company, in which the former board member (Mr. Muhammad Mutlaq Dreamih Al-Subaie) has an indirect interest, of an operational nature (supplying and selling raw materials). The value of the transaction amounted to (5,832,000) Saudi riyals. During the year 2022 AD, and there are no preferential conditions. 6- To vote on the remuneration policy for members of the Board of Directors, its committees and the executive management of the company (attached) 7- To vote on amending the company’s articles of association in line with the new corporate law, and rearranging the articles of the company’s articles of association and numbering them to comply with the proposed amendments (attached) |
| 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 registered in the Tadawulaty service can vote remotely electronically on the items of the assembly, starting from 1:00 am on Wednesday corresponding to 7/6/2023 AD until the end of the time of the assembly. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link:
(https://www.tadawulaty.com.sa) |
| Eligibility for Attendance Registration and Voting | The right to register attendance for the assembly meeting ends at the time of the assembly meeting. Also, the right to vote on the articles of the assembly for those present ends when the sorting committee finishes sorting the votes. |
| Method of Communication | If you have any questions, please contact the Shareholders Relations Department
Phone: 8001010990 Email: alnaqool@alnaqool.com |
| Attached Documents | |
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