Saudi Top for Trading Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) Through modern technical means
| Element List | Explanation |
|---|---|
| Introduction | The secret of the Board of Directors of Saudi Summit Trading Company is to invite our honorable shareholders to participate and vote in a meeting
The Ordinary General Assembly (first meeting), which will be held with God’s permission at 18:30 on Wednesday 12/20/1445 corresponding to 06/26/2024 through modern technological means using the Tadawulati system. |
| City and Location of the General Assembly's Meeting | At the main headquarters, Riyadh, Al-Kharj Road, through modern technological means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-26 Corresponding to 1445-12-20 |
| 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 for 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, 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 right to register attendance for the assembly meeting expires at the time of the assembly meeting, and the right to vote on The assembly’s terms for those present expire when the counting committee finishes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | The ordinary general assembly meeting is valid if it is attended by shareholders representing at least a quarter of the company’s shares that have voting rights according to the conditions stipulated in Article (34) of the bylaws. If this quorum is not present, the second meeting will be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting will be valid, regardless of the number of shares with voting rights represented in it. |
| General Assembly Meeting Agenda | 1- Reviewing the Board of Directors’ report for the financial year ending on 12-31-2023 AD and discussing it (attached)
2- Review the financial statements for the fiscal year ending on 12-31-2023 AD and discuss them (attached) 3- Voting on the company’s auditor’s report for the financial year ending on 12-31-2023 AD after discussing it (attached) 4- Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 12-31-2023 AD. 5- Vote on disbursing an amount of (419,000) Saudi riyals as a reward to members of the Board of Directors for the fiscal year ending on 12-31-2023 AD. 6- Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee in order to examine, review and audit the financial statements for the semi-annual period ending on 06-30-2024 AD and the annual period for the financial year ending on 12-31-2024 AD and determining his fees after discussing them (attached) 7- Voting on the business and contracts concluded between the company and the Yafel Plastic Factory, in which the Chairman of the Board of Directors, Abdullah Muhammad Obaid Al-Ajmi, has an indirect interest, which are industrial services (crushing and cleaning operations for raw materials) in the amount of (3,874,335) Saudi riyals. These transactions were carried out at the normal market price. These transactions do not differ from other normal commercial transactions and do not contain any special conditions or preferential benefits (attached). 8- Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi- or quarterly basis for the financial year ending on 12-31-2024 AD. 9- Vote on delegating the authority of the Ordinary General Assembly to the Board of Directors with the authorization contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions stated in the executive regulations. The corporate system for listed joint stock companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the assembly’s agenda |
| Details of the electronic voting on the Assembly’s agenda | Only shareholders registered in the Tadawulaty service (www.tadawulaty.com.sa) have the right to vote electronically on the agenda items of the Ordinary General Assembly meeting, which will begin on 12-14-1445 AH, corresponding to 06-23-2024, at 01:00 AM until the end of the meeting time. The Assembly was held on 12-20-1445 AH, corresponding to 06-26-2024, noting that registration in the Tadawulati service and voting are available free of charge to all shareholders registered on that date.
The right to register attendance at the association meeting expires at the time of the association meeting. The right to vote on the assembly’s items for those present ends when the counting committee finishes counting the votes |
| Method of Communication in Case of Any Enquiries | If you have any inquiries, please contact:
Via email: [email protected] Or mobile number: +966563501341 |
| Attached Documents | |
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