Media Center
December 5, 2023| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of 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 7:00 p.m. on Thursday evening 28-12-2023 corresponding to 15-06-1445 |
| 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 | www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2023-12-28 Corresponding to 1445-06-15 |
| Time of the General Assembly’s Meeting | 19:00 |
| 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 discuss the topics listed on the assembly’s agenda and ask questions |
| Quorum for Convening the General Assembly’s Meeting | The Ordinary General Assembly meeting will be valid if it is attended by shareholders representing (at least a quarter of the capital), and if the quorum required to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid (regardless of the number of shares). represented in it |
| General Assembly Meeting Agenda | 1. Voting on the amendment on the Audit Committee Charter (attached) 2. Voting on the amendment on the Remuneration and Nomination Committee Charter (attached) 3. Voting on the amendment on the Board of Directors Membership Policies and Standards (attached) 4. Voting on the amendment on the Remuneration Policy for Board of Directors and Committees Members and Executive Management (attached) 5. Voting on transferring the balance of the statutory reserve amounting to (16,501,562) Saudi riyals as in the financial statements for the year ending December 31, 2022 to retained earnings account . |
| 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 registered in Tadawulaty services will be able to vote remotely on the items of the assembly, starting from one o’clock in the morning on sunday 24/12/2023 AD corresponding to 11/06/1445 AH, until the end of the time of the assembly. Registration and voting in Tadawulaty services will be available and free for all shareholders using Next 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 Shareholders Relations Department via phone number 920000559 or number 0114964444 ext. 111 Or via e-mail: 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
