Saudi Electricity Company invites its shareholders to attend the 27th Ordinary General Assembly (First Meeting) via modern technology (virtually)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Electricity Company is pleased to invite the shareholders to attend and vote on the 27th Ordinary General Assembly meeting (first meeting), scheduled at 7:30 p.m., Tuesday, 06/11/1445 (14/05/2024), which will be held via modern technology means (virtually). |
| City and Location of the General Assembly's Meeting | Through modern technology means, from the Company’s Headquarters in Riyadh (via Tadawulaty System platform) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-14 Corresponding to 1445-11-06 |
| Time of the General Assembly’s Meeting | 19:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Each shareholder registered at the end of the trading session, preceding the General Assembly meeting in the Company’s Shareholders Register maintained at the Depository Center, is eligible to attend the General Assembly meeting and as per the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | An Ordinary General Assembly meeting shall be deemed valid only if attended by shareholders who represent at least a quarter of the Company’s voting shares.
If the quorum required for an Ordinary General Assembly meeting is not satisfied, a call shall be made for a second meeting shall be held under the same conditions stipulated in Article (91) of the Companies Law within thirty (30) days following the date set for the first meeting. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing Board of Directors Report for the fiscal year ended on 31-12-2023.
2. Reviewing and discussing the financial statements for the fiscal year ended on 31-12-2023. 3. Voting on the External Auditor’s report on the Company’s accounts for the fiscal year ended on 31-12-2023. 4. Voting on the Board’s recommendations to distribute dividends amounting to (2,916,615,670.5 SAR) to the shareholders for the fiscal year ended on 31-12-2023, at an amount of (70 Halala) per each share, representing (7%) of the capital. The eligibility of dividends distribution will be for the shareholders holding shares by the end of the trading session on the day of the general assembly date, and who are registered in the Company's shareholders register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. The dividends distribution date will be announced later. 5. Voting on discharging the liability of the Board members for the fiscal year ended on 31-12-2023. 6. Voting on paying an amount of (5,762,067 SAR) as a remuneration for members of the Board of Directors for the fiscal year ended on 31-12-2023. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the topics listed on the agenda of the General Assembly and ask questions.
The shareholders registered in Tadawulaty services may vote remotely on the items of the General Assembly agenda, starting from 01:00 a.m., Saturday, 03-11-1445 (11-05-2024) until the end of the General Assembly meeting. Registration and voting on Tadawulaty will be available and free of charge for all shareholders via this link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Eligibility to register for attendance of the General Assembly meeting ends at the time of convening the meeting. The eligibility to vote on the items of the General Assembly agenda for the attendees ends by the end of votes counting. |
| Method of Communication in Case of Any Enquiries | Should you have inquiries about the General Assembly Meeting, feel free to contact:
0118077202 , 0118077881 or email: SEC-SH@se.com.sa |
| Additional Information | Shareholders may direct questions and inquiries related to items of the General Assembly during the meeting via the broadcasting link that will be forwarded to the shareholders via Tadawulaty service, the full name of the shareholder should be mentioned, to accept an equiry. |
| Attached Documents | |
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