Power and Water Utility Company for Jubail and Yanbu Invites its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting) through means of modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Power and Water Utility Company for Jubail and Yanbu (Marafiq) is pleased to invite its shareholders to attend and vote in the company's Ordinary General Assembly meeting (First meeting), which is scheduled to be held, at exactly 6:30 pm on Wednesday, 15 Shawwal 1445 corresponding to 24 April 2024, from the Company's main headquarters in Jubail Industrial City, utilizing modern technology through the use of Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Through modern technology means from the Company’s office in Jubail Industrial City (using Tadawulaty system) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-04-24 Corresponding to 1445-10-15 |
| 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 | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The right to register to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The legal quorum for holding the ordinary general assembly is the presence of shareholders who represent at least half of the capital. If the quorum required to hold the meeting is not complete, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Voting on External Auditor Report for the fiscal year ended on 31 December 2023 after discussing it.
2. Review and discuss on the Financial Statements for the fiscal year ended on 31 December 2023. 3. Review and discuss on the Board of Directors Report for the fiscal year ended on 31 December 2023. 4. Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2023. 5. Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual basis for the fiscal year 2024. 6. Voting on the amendment of the Remuneration Policy of Board Members, Committee Members and Executive Management (Attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions and vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty by visiting the website: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa, the registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Sunday, 12 Shawwal,1445, corresponding to 21 April 2024, at 01:00 am and the voting will end once the ordinary General Meeting ends. |
| Method of Communication in Case of Any Enquiries | If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0133409762 E-mail: InvestorRelations@marafiq.com.sa |
| Attached Documents | |
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