Al-Baha Investment and Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting through modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Baha Investment and Development Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at 6:30 pm on Monday, 12/01/1444, corresponding to 06/19/2023, through the means Modern technology using Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Al-Baha City - King Fahd Roads - the company's headquarters, through modern technology. |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-06-19 Corresponding to 1444-12-01 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders registered in the Issuer Shareholders Register at the Depository Center at the end of the trading session that precedes the meeting of the General Assembly and in accordance with the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | According to Article 32 of the company’s bylaws, the Ordinary General Assembly meeting will be valid if attended by shareholders representing at least a quarter of the capital, and if the mandatory quorum for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid Whatever the number of shares represented in it. |
| General Assembly Meeting Agenda | 1- Reviewing the Board of Directors’ Report for the fiscal year ending on 31st December 2022 and discuss it.
2- Voting on the Auditor’s Report on the Company’s accounts for the fiscal year ending on 31st December 2022 and discuss it.
3- Reviewing the Financial Statements for the fiscal year ending on 31st December 2022 and discuss it.
4- 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 and third quarters and annual Financial Statements of 2023, and the first quarter of 2024, and the determination of the Auditor fees.
5- Voting on releasing the Board of Directors members from liability for the fiscal year ending on 31st December 2022. 6- Voting on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the implementation rules of Companies Law for listed Joint Stock Companies. |
| 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 Tadawulati portal can vote remotely on the agenda of the ordinary General Assembly from 01:00 am on Saturday 28/11/1444 (according to the Umm al-Qura calendar) corresponding to 17/06/2023 until the end of the time of the General Assembly, noting that the registration and voting in the Tadawulati portal is available for free to all shareholders using the following link:
https://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 | [email protected] |
| Attached Documents | |
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