Saudi Cable Company announces the results of the Ordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Cable Company is pleased to announce the results of the Ordinary General Assembly meeting (second meeting), which was held at the Company Headquarter, and through the means of modern technology using Tadawulaty website, at 11:00 pm, on Wednesday, 24/09/1445 corresponding to 03/04/2024, an hour after the time of the first meeting (which was supposed to be held at 10:00) noting that the first meeting was not held due to the legal quorum was not completed according to the companies Bylaws (where the attendance percentage was 18.10%) and the attendance rate for the second meeting was 18.18%, and according to the company’s Bylaws, the second meeting will be valid regardless of the number of shares represented in it. |
| City and Location of the General Assembly's Meeting | Saudi Cable Company’s Headquarter, Jeddah and Via means of Modern Technology |
| Date of the General Assembly's Meeting | 2024-04-03 Corresponding to 1445-09-24 |
| Time of the General Assembly’s Meeting | 23:00 |
| Percentage of Attending Shareholders | 18.18% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Names of the Board Members who attended the meeting:
1. Abdulrahman I. AL Khayal (Chairman of the Board) 2. Khaled M. Bawazeer (Vice Chairman) 3. Nael S. Fayez (CEO) 4. Saleh A. Al Shathry 5. Abdulhadi A. Abulkhair 6. Azhar M. Kenji 7. Ali M. Al Attas
Names of the Board Members who apologized attending the meeting: 1. Meyassar A. Nowailati |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Majed D. Kareem (Chairman of the Audit Committee)
2. Mr. Saleh A. Al Shathry (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | First item: Approval of the election of the Board of Directors' members from among the candidates for the upcoming term, starting from 04/04/2024, for a duration of three years, ending on 03/04/2027. They are as follows:
1. Mr. Nael Samir Fayez 2. Eng. Walid Abdulaziz AlShuwaier 3. Dr. Shabib Hassan Al-Haqbani 4. Mr. Khalid Asaad Khashogji 5. Eng. Sabri Abdullah Alghamdi 6. Mr. Abdulkarim Mohammed Al Nuhayer 7. Mr. Zeyad Abdullateef Al-Barrak 8. Mr. Saleh Abdullah Alshathri 9. Mr. Abdulaziz Saleh Abalkhail
Second item: Disapproval of The Policy of Nominating Members of the Board of Directors and Members of its Committees’ and the Executive Management. |
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