The Saudi real estate company has announced its invitation to its shareholders to attend the Ordinary General Assembly Meeting (first meeting) virtually (online)using the Tadawulaty platform
The board of directors of the Saudi real estate company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting ((first meeting, second meeting will be held 1 hour after the first one) which will be held at 7:50 pm on Thursday, 22/06/2023, corresponding to 04/12/1444H, virtually (online).
Introduction
At the Company’s headquarter - Riyadh, virtually (online).
City and Location of the General Assembly's Meeting
www.tadawulaty.com.sa URL for the Meeting Location
04 / 12 / 1444 ـه Corresponding to 22
/ 06 / 2023 م Date of the General
Assembly's Meeting
pm 50 7:
Time of the General Assembly's Meeting
Each shareholder who is registered in the company's shareholder registry in Edaa Center at the end of the trading session preceding the General Assembly Meeting has the right ions in accordance with the regulations and bylaws.
to attend the meeting, discuss the topics listed on the meeting’s agenda and ask quest Attendance Eligibility
The Ordinary General Assembly Meeting will be valid if attended by shareholders representing at least half of the capital. If the required quorum for holding the meeting is not met at this meeting, a second meeting will be held within one hour after the end of the scheduled time for the first meeting. The second meeting shall be valid regardless of the
number of shares represented.
. Quorum for Convening the
General Assembly's Meeting
• Review and discuss the financial statements for the fiscal year ended on 31/12/2022.
• Vote one the auditor's report for the fiscal year ended on 31/12/2022,after discussing it.
• Review and discuss the Board of Directors' report for the fiscal year ended on 31/12/2022.
• Vote to appoint an auditor from among the candidates recommended by the Audit Committee to examine, review, and audit the financial statements for the second, third quarters, and annual of the fiscal year 2023 and the first quarter of the fiscal year 2024, and determine their fees.
• Vote on the disbursement of (1,850,000) riyal to the Board members as a for the fiscal year ended in 2022.
.
• Vote on the business and contracts between the company and a Board member, Mr. Ibrahim bin Mohammed Alalwan, which involve a direct interest for the member, for the purchase of land in Al akaria Park for SAR 10,510,868 in 2022, without any preferential conditions. .(attached)
• Vote to discharge the members of the Board of Directors from liability for the year ended on 31 December 2022.
• Vote on the participation of the Board member Mr. Fahd bin Abdulrahman Al-Mujael in a competing activity to the company’s business.(attached)
• Vote on the participation of Board member Mr. Mohammed Abdullah Al-Maliki in a competing activity to the company’s business.(attached) General Assembly Meeting
Agenda -
Will be attached Proxy Form
Shareholders registered in Tadawulaty Services can vote remotely on the agenda items of the assembly from 1:00 am on Sunday, 29/11/1444G corresponding to 18/06/2023 till the end of the assembly, noting that the registration and voting in "Tadawulaty" services are available and free of charge to all shareholders using the following link:
www.tadawulaty.com.sa Vote
-E
Shareholders registered in the issuer's shareholder registry with the Securities Depository Center at the end of the trading session preceding the General Assembly Meeting, in accordance with the regulations and bylaws
. Eligibility for Attendance
Registration and Voting
For any inquiries, please contact the Secretary of the Board of Directors at telephone number (0114600000) extensions 3050 or 3055, or by email at investor.relations@al- akaria.com
. Method of Communication
Attached Documents
