Media Center
May 12, 2022| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Arab Sea Information Systems Company is pleased to invite the shareholders to attend the Ordinary General Assembly meeting (the first meeting) at the company’s headquarters in Riyadh, through modern technology means using the Tadawulaty system through the link (www.tadawulaty.com.sa), which will be held on Monday, 7 Dhul Qi’dah 1443 AH, corresponding to June 6, 2022 AD, at 19:00 pm. Shareholders will discuss the following items |
| City and Location of the General Assembly’s Meeting | Through modern technology means in the Company Head Quarter Riyadh City Al-Rayyan district using the Tadawulaty system. |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2022-06-06 Corresponding to 1443-11-07 |
| Time of the General Assembly’s Meeting | 19:00 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| 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 within 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. Vote on the Board of Directors Report for the fiscal year ending on 12/31/2021 AD. (Attachment) 2. Vote on the company’s auditor’s report for the fiscal year ending on 12/31/2021 AD. (Attachment) 3. Vote on the financial statements Consolidated ending on 12/31/2021 AD (attached). 4. Vote to absolve the members of the Board of Directors from liability for the fiscal year ending on 12/31/2021 AD. 5. vote on the appointment of 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 second, third, fourth and annual quarters of 2022 AD and the first quarter of 2023 AD and determine his fees (attached). 6. vote on disbursing an amount of 1050000 riyals as a reward to the members of the Board of Directors for the fiscal year ending on 12/31/2021 7. Vote on Board Nomination and Remuneration Committee Charter (attached) 8. Voting on policies and standards of the membership of the company (attached) |
| Proxy Form |  |
| E-Vote | Shareholders registered in the Tadawulaty services can vote remotely on the items of the assembly, starting from ten in the morning on Thursday 03/11/1443 AH corresponding to 06/02/2022 AD, until the end of the time of the assembly, and registration and voting in the Tadawulati 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
