Atlas Elevators General Trading and Contracting Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Atlas Elevators Company for General Trading and Contracting is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which is scheduled to be held using modern means of purification, God Almighty willing, at exactly (18:30) on Sunday, 08/22/ 1445 AH corresponding to 03/03/2024 AD |
| City and Location of the General Assembly's Meeting | At the company's main headquarters located in the city of Riyadh - Eastern Ring Road - Al-Quds District, through modern technological means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-03-03 Corresponding to 1445-08-22 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend shall be granted to shareholders registered in the register of shareholders of the issuer at the Depository Center at the end of the trading session that precedes the general assembly meeting and in accordance with the rules and regulations. The shareholder has the right to delegate whomever he chooses from other than members of the company’s board of directors. The shareholder also has the right to discuss topics on the assembly’s agenda and ask questions. The right to register attendance at the assembly meeting ends at the time of the assembly meeting, and the right to vote on the assembly’s items for attendees ends when the sorting committee finishes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (38) of the company’s bylaws, the extraordinary general assembly meeting will not be valid unless it is attended by shareholders representing at least half of the company’s shares that have voting rights. If this quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the meeting. The first meeting. In all cases, the second meeting is considered valid if it is attended by a number of shareholders representing at least a quarter of the company’s shares that have voting rights. |
| General Assembly Meeting Agenda | 1- Voting on the company’s purchase of a number of its shares, up to a maximum of (300,000) shares of its stock, and keeping them as treasury shares, as the Board of Directors believes that the share price in the market is less than its fair value. The purchase will be financed from the company’s own resources and the Board of Directors is authorized to complete the purchase process within A maximum period of (12) months from the date of the extraordinary general assembly’s decision. The company will retain the purchased shares for a maximum period of (24) months from the date of the extraordinary general assembly’s approval. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders registered in Tadawulati services can vote electronically remotely on the assembly’s items starting at 1:00 am on Wednesday 08/18/1445 AH corresponding to 02/28/2024 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulati services will be available and free to all shareholders by using the link. Next: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The right to register attendance at the meeting ends at the time of the association’s meeting, and the right to vote on the association’s items for attendees ends when the sorting committee finishes counting the votes. |
| Method of Communication in Case of Any Enquiries | If there are any inquiries, please contact us via email
Or contact the number: 00966920000259 |
| Attached Documents | |
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