National Metal Manufacturing and Casting Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting ) Via Means of Modern Technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of National Metal Manufacturing and Casting Company (MAADANIYAH) is pleased to invite its shareholders to participate and vote in the 17th Extraordinary General Assembly Meeting (First Meeting) The meeting will be held at 6:30 pm on Monday 10 Jun 2024 via means of modern technology. |
| City and Location of the General Assembly's Meeting | Company Branch – Admin Building (Arabian Axles Company) in the 2nd Industrial City at Dammam |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-10 Corresponding to 1445-12-04 |
| 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 shareholder has the right to delegate whomever other than the board of directors. The right to register a name 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 | 50% |
| General Assembly Meeting Agenda | 1. Review & discuss the Board of Directors' Report for the fiscal year ending on 31/12/2023
2. Voting on the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2023 3. Review and discuss the financial statements for the fiscal year ending on 31/12/2023 4. Voting on paying an amount of (SAR 1,200,000) as remuneration to the Board members for the fiscal year ending on 31/12/2023. 5. Voting on paying an amount of (SAR 150,000) as remuneration to the Audit Committee members for the fiscal year ending on 31/12/2023 6. Voting on absolving liability of the Board of Directors of the fiscal year ended 31/12/2023. 7. Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third and fourth) quarter and annual financial statements, of the fiscal year 2024 G, and the first quarter of the fiscal year 2025 G, and the determination of the auditor's fees. 8. Voting on amending the company’s governance policy (attached) 9. Voting on the amendment of the Audit Committee's Policy. (attached) 10. Voting on the amendment of the Nomination & Remuneration Committee's Policy. (attached) 11. Voting on amending Article No. (2) of the company’s bylaws, regarding Company Activities (attached) 12. Voting on amending Article No. (3) of the company’s bylaws, regarding Share and Own in Companies (attached) 13. Voting on amending Article No. (10) of the company’s bylaws, regarding Company Buy & Mortgage its Shares (attached) 14. Voting on amending Article No. (17) of the company’s bylaws, regarding Company Management (attached) 15. Voting on amending Article No. (18) of the company’s bylaws, regarding Termination the Board Membership (attached) 16. Voting on amending Article No. (19) of the company’s bylaws, regarding Board of Directors Authorizations (attached) 17. Voting on amending Article No. (20) of the company’s bylaws, regarding Remunerations of the Board of Directors (attached) 18. Voting on amending Article No. (21) of the company’s bylaws, regarding Authorizations of Chairman, Managing Director and Board Secretary (attached) 19. Voting on amending Article No. (22) of the company’s bylaws, regarding of Board Meetings (attached) 20 .Voting on amending Article No. (23) of the company’s bylaws, regarding Quorum of Board Meetings (attached) 21. Voting on amending Article No. (24) of the company’s bylaws, regarding Deliberations of Board Meetings (attached) 22. Voting on amending Article No. (25) of the company’s bylaws, regarding Attendance of General Assemblies (attached) 23. Voting on amending Article No. (45) of the company’s bylaws, regarding Profits Distribution (attached) 24. Voting on amending the company’s bylaws in accordance with the new Corporate’s Bylaws and rearranging and numbering the articles of the company’s bylaws to comply with the proposed amendments (attached) 25. Voting on the transfer of the statutory reserve balance of SAR 27,173,232 to write off a part of the company's accumulated losses of SAR (96,892,869), representing (27.37%) of the capital, as reported in the financial statements for the year ended 31 December 2023. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Each shareholder has the right to discuss the topics on the agenda of the General Assembly meeting and ask questions. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote remotely on the items of the General Assembly starting from 1:00 am on Thursday 29-11-1445 AH corresponding to 6-6-2024 AD until the end of the time of the General Assembly, and registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any questions, please contact the Investor Relations Department via Phone number: 0138121147 Ext. 277 or Email: [email protected] |
| Attached Documents | |
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