Quara Finance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Quara Finance (the “Company”) is pleased to invite its shareholders to participate and vote in the General Assembly Meeting (First Meeting) scheduled to be held at 19:15 PM on Wednesday, 04/06/2025G corresponding 08/12/1446H Attendance via Tadawulaty Platform. |
| City and Location of the General Assembly's Meeting | In Riyadh city at the company’s location, the meeting will be virtual only through Tadawulaty Platform. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-04 Corresponding to 1446-12-08 |
| Time of the General Assembly’s Meeting | 19:15 |
| 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 | The ordinary general assembly meeting shall be valid if shareholders representing at least one-quarter of the capital attend. If the quorum is not met in the first meeting, a second meeting shall be held one hour after the end of the period specified for the convening of the first meeting. In all cases, the second meeting shall be valid regardless of the number of shares with voting rights represented therein |
| General Assembly Meeting Agenda | 1- To review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024,
2- Voting on the external auditor's report for the fiscal year ending December 31, 2024, after discussing it 3- To review and discuss the financial statements for the fiscal year ending December 31, 2024, 4- Voting on the transactions and contracts between the company and Quara Tech, represented in the development of software and regulatory applications without any conditions or preferential advantages, with the total value of the transactions for the year 2024 amounting to SAR 3,133,655. It is noted that Quara Tech is controlled by three shareholders: Al-Mawarid Al-Oula Company, Awaed Financial Company, and Nawaqis Trading Company, all of whom have joint control over Quara Finance. 5- Voting on the transactions and contracts between the company and Al Khair Financial Company regarding the professional fees and expenses paid to Al Khair Capital for appointing it as the registrar for the subscription in the fiscal year 2024, amounting to SAR 862,500. It is noted that the members of the Board of Directors of Quara Finance, Abdullah bin Abdulrahman Al-Shilash, Abdulrahman bin Abdulaziz Al-Misned, and Abdulkarim Abdulaziz Al-Doaiji, have indirect interests in this transaction as they are members of the Board of Directors of Al Khair Capital Saudi Arabia. 6- Voting on the discharge of the members of the Board of Directors for the fiscal year ending December 31, 2024. 7- Voting on the updated remuneration policy for the members of the Board of Directors, its committees, and the executive management. 8- Voting on the payment of SAR 136,000 (one hundred thirty-six thousand Saudi Riyals) as a reward for the members of the Board of Directors for the fiscal year ending December 31, 2024. 9- Voting on the payment of SAR 114,000 (one hundred fourteen thousand Saudi Riyals) as a reward for the members of the committees for the fiscal year ending December 31, 2024. 10- Voting on the appointment of the company's auditor from among the nominees based on the recommendation of the Audit Committee, to review and audit the financial statements for the second, third, fourth quarters, and the annual financial statements for the year 2025, and the first quarter of the fiscal year 2026, and to determine their fees. |
| 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 Agenda Items of the General Assembly and raise questions. Esteemed shareholders may vote remotely on the Agenda Items through the digital voting service. Also, the registration for the service and voting are available for free of charge to all shareholders, starting at 1:00 AM on Sunday, 1st June 2025, and will remain available until the end of the Assembly Meeting.
Shareholders registered in Tadawul system will be able to vote remotely via the website https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Esteemed shareholders may vote remotely on the Agenda Items through the digital voting service. Also, the registration for the service and voting are available for free of charge to all shareholders, starting at 1:00 AM on Sunday, 1st June 2025, and will remain available until the end of the Assembly Meeting.
Shareholders registered in Tadawul system will be able to vote remotely via the website https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For information on how to join the meeting or for inquiries, you can contact the company’s management through the following contact details:
Phone: 8001188999 Mobile: 0596023690 Fax: 0118295198 Email: [email protected] |
| Additional Information | N/A |
| Attached Documents | |
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