Media Center
May 31, 2023| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Arab Sea Company is pleased to invite the honorable shareholders to participate and vote in the ordinary General Assembly meeting (the first meeting), which is scheduled to be held through modern technology, God willing, at exactly the evening of Wednesday 03/12/ 1444 corresponding to 21/06/ 2023 |
| City and Location of the General Assembly’s Meeting | At the company’s headquarters in Riyadh, Al-Rayyan district – through modern technology |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2023-06-21 Corresponding to 1444-12-03 |
| Time of the General Assembly’s Meeting | 20:15 |
| Attendance Eligibility | 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. |
| Quorum for Convening the General Assembly’s Meeting | The quorum for the Ordinary General Assembly is the presence of shareholders representing at least (25%) of the company’s capital. If this quorum is not secured at the first meeting, a second meeting will be held after one hour of the expiry of the deadline set for the first meeting and shall be considered valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1.View and discuss the report of the Board of Directors for the fiscal year ending on 31-12-2022 (attached) 2.vote on the company’s auditor’s report for the fiscal year ending on the 31-12-2022 A.D. (attached) 3.View the consolidated financial statements for the fiscal year ending on 31-12-2022 AD and its discussion (attached) 4.Vote to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2022 AD. 5.vote on appointing the company’s auditor among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third quarters and annual of the year 2023 AD and the first quarter of the year 2024 AD and determine his fees. (attached) 6.vote on disbursing an amount of 875,000 SR as a reward to the members of the Board of Directors for the fiscal year ending on 31-12-2022 |
| Proxy Form | |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders have the right to discuss the topics on the Assembly’s agenda and ask questions. Shareholders registered in the Tadawulaty services can vote remotely on the items of the assembly, starting from 1:00 am on Saturday 28/11/1444 corresponding to 17/06/2023, until the end of the time of the assembly, and registration and voting in the Tadawulaty services will be available and free for all shareholders using the following link (www.tadawulaty.com.sa). |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | To answer your inquiries, please contact the IR Department by phone number 920000559 or 0114964444 Ext. 111 Or via email: IR@arabsea.com |
| Additional Information | Remote voting will be sufficient |
| Attached Documents |
كل عام والسعودية تُعانق السماء مجدًا وطموح وإزدهار اللهم ادم علينا الامن والامان والرخاء واحفظ هذه البلاد وقادتها من كل سوء
