Naseej International Trading Company invites its shareholders to attend the Extraordinary General Assembly Meeting that includes company’s capital increase (First Meeting) by means of modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Naseej International Trading Company is pleased to invite the Company’s shareholders to participate and vote in the Extraordinary General Assembly Meeting that includes company’s capital increase (the First Meeting) which is scheduled to be held by means of modern technology, God willing, at 6:30 pm on Sunday , 26-05-1445 corresponding to 10-12-2023 |
| City and Location of the Extraordinary General Assembly's Meeting | Via modern technology means from the company Head Office - Jeddah Industrial City – Phase 4 - Factory (1). |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the Extraordinary General Assembly's Meeting | 2023-12-10 Corresponding to 1445-05-26 |
| Time of the Extraordinary General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre 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 | The quorum for convening the Extraordinary General Meeting of the company is the presence of shareholders representing at least 50% of the capital. In the case of non-completion of the quorum, a second meeting will be held one hour after the end of the first meeting. The second meeting shall be valid if attended by a number of shareholders representing at least 25% of the capital shares, |
| Meeting Agenda | 1. Voting on the Board of Directors recommendation to increase the company’s capital by issuing priority rights shares as follows:
• The total amount of the increase: 163,459,510 Saudi riyals. • The reason for increasing the capital: Raising the financial solvency, strategic expansion, improving financial performance, borrowing rates, and costs incurred therefrom • Capital increase method: Offering and listing of rights shares. • Date of Eligibility: If the item is approved, eligible shareholders are those holding shares on the day of convening the Extra-Ordinary General Assembly and who are registered in the shareholders' registry with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the eligibility date. • Amending Article (7) of the Company's Articles of Association relating to subscription to shares (attached). • Amending Article (8) of the Company's Articles of Association relating to subscription to shares (attached). 2. Voting to amend the Articles of Association of the company to comply with the new Companies Law, and to rearrange the Articles of Association and their numbering to comply with the proposed amendments. (Attached). 3. Voting on the Board’s resolution to appoint (Dr. Ahmed Sirag Khogeer – Independent Member) as an Audit Committee member, starting from 18/06/2023 G. until the end of the current committee’s term on 15/07/2024 G., to succeed the former committee member (Mr. Abdullah Salim Alhaiqi – Member from outside the board), the appointment shall be effective from the date of the recommendation decision issued on 18/06/2023, this appointment is in accordance with the Audit Committee Regulations. (CV 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) | The shareholders registered in Tadawulaty services may vote remotely on the agenda of the General Assembly Meeting starting at 01: 00AM on Wednesday 22-05-1445 corresponding to 06-12-2023 Until the time the general assembly meeting ends. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the (E-Voting) services at:
https://www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for registering the attendance of the EGAM ends upon the beginning of the EGAM. Eligibility for voting on the EGAM Agenda ends upon the Counting Committee concludes counting the votes |
| Method of Communication | In case of any inquiries, you can contact the Shareholder Relations Department via direct phone number (012 - 6222608) or email : [email protected] |
| Additional Information | Not Applicable |
| Attached Documents | |
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