Media Center
May 5, 2025| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arab Sea Information Systems Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, via modern technology at 8:30 PM on Tuesday, 27/05/2025, corresponding to 29/11/1446H. |
| City and Location of the General Assembly’s Meeting | At the company’s headquarters in Riyadh, Al Rayyan District – via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly’s Meeting | 2025-05-27 Corresponding to 1446-11-29 |
| Time of the General Assembly’s Meeting | 20:30 |
| 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 attended by shareholders representing at least one-quarter of the share capital. If the required quorum for the first meeting is not met, a second meeting will be held one hour after the scheduled time of the first meeting. The second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Review and discuss the report of the Board of Directors for the fiscal year ending on 31-12-2024 (attached) 2. voting on the company’s auditor’s report for the fiscal year ending on the 31-12-2024 after discussing it (attached) 3. Review and discuss consolidated financial statements for the fiscal year ending on 31-12-2024 (attached) 4. voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2024. 5. voting on disbursing an amount of 971,875 SR as a reward to the members of the Board of Directors for the fiscal year ending on 31-12-2024 6. voting 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 2025 and the first quarter of the year 2026 and determine his fees. (attached) |
| Proxy Form | |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Esteemed shareholders have the right to discuss the items listed on the agenda of the Ordinary General Assembly and to raise questions. Please note that voting through Tadawulaty services is available free of charge for all shareholders via the following link : (www.tadawulaty.com.sa ) |
| Details of the electronic voting on the Assembly’s agenda | Registered shareholders in Tadawulaty services will be able to remotely vote on the items of the General Assembly starting from 01:00 AM on Thursday, 22/05/2025, corresponding to 24/11/1446H, until the end of the meeting. Registration and voting through Tadawulaty services will be available and free of charge to all shareholders via the following link: (www.tadawulaty.com.sa ) |
| Method of Communication in Case of Any Enquiries | For inquiries, please contact the Investor Relations Department by phone at 920000559 or 0114964444 ext. 111, or via email at: IR@arabsea.com |
| Attached Documents | |
كل عام والسعودية تُعانق السماء مجدًا وطموح وإزدهار اللهم ادم علينا الامن والامان والرخاء واحفظ هذه البلاد وقادتها من كل سوء
