Natural Gas Distribution Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Natural Gas Distribution Company (Gas) is pleased to invite the shareholders to participate and vote in the meeting of the Ordinary General Assembly, the first meeting, which is scheduled to be held, God willing, at exactly 20:15 on 11/29/1444 AH corresponding to 06/18/2023 AD |
| City and Location of the General Assembly's Meeting | Riyadh - the company's headquarters - by means of modern technology (remotely) |
| URL for the Meeting Location | http://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-06-18 Corresponding to 1444-11-29 |
| Time of the General Assembly's Meeting | 20:15 |
| Attendance Eligibility | Shareholders registered in the Issuer Shareholders Register at the Depository Center at the end of the trading session preceding the meeting of the General Assembly, according to the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | The meeting shall be valid if attended by shareholders representing at least a quarter of the capital in accordance with the company's articles of association. Note that the power of attorney form is not available, because the meeting will take place through modern technology. |
| General Assembly Meeting Agenda | - View and discuss the report of the Board of Directors for the fiscal year ending on 31-December-2022.
- To vote on the company's auditor's report for the fiscal year ending on December 31, 2022 AD. - View and discuss the financial statements for the fiscal year ending on December 31, 2022. - To vote on disbursing an amount of (172,500) Saudi riyals as a reward for the members of the Board of Directors for the fiscal year ending on December 31, 2022. Vote to absolve the members of the Board of Directors from liability for the fiscal year 2022 AD. - To vote on the recommendation of the Board of Directors to distribute cash dividends to shareholders for the year 2022, amounting to (2,500,000) Saudi riyals, at the rate of (0.50) riyals per share, at a rate of (5%) of the company’s capital, amounting to (50,000,000) Saudi riyals. Provided that the eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, provided that the date of dividend distribution will be announced later. Voting on the appointment of the company's auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2023 AD, and determine its fees. |
| 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 Tadawulaty services will be able to vote remotely on the items of the assembly, starting from 1 am on (Wednesday) corresponding to 06/14/2023 AD until the end of vote counting on the day of the assembly. Registration and voting in Tadawulaty services will be available and free for all shareholders using the following link: 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 | In the event of any inquiries or questions regarding the assembly’s agenda, we hope to contact the Investors Department:
Phone: 011-4982629 Ext. 222
Email: info@ngdc.com.sa |
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