Saudi Advanced Industries Co. announces to Invites its Shareholders to Attend the ( Third Meeting ) Extraordinary General Assembly Meeting
- Date : 2021-06-01
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of Saudi Advanced Industries Company, SAIC is pleased to invite its shareholders to attend the Extraordinary General Assembly meeting (the third meeting), which will be held, God willing, at exactly 20:00 p.m. in the evening on Wednesday, 13/11/1442 H corresponding to June 23, 2021 AD via means of modern technology, using Tadawulaty Service website (www.tadawulaty.com.sa)
This is within the support of preventive and precautionary efforts and measures initiated by the competent and relevant health authorities to address the COVID-19 in an attempt to pursuing the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia so as to take the necessary preventive measures to prevent its outbreak. |
| City and Location of the General Assembly’s Meeting | The company’s headquarter – in Riyadh, by using modern technology |
| URL for the Meeting Location | http://www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2021-06-23 Corresponding to 1442-11-13 |
| Time of the General Assembly’s Meeting | 20:00 |
| 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 third meeting is valid, regardless of the number of shares represented in it, as stated in article 35 of the Company’s Statute. |
| General Assembly Meeting Agenda | 1-Voting on the Company’s auditor’s report for the financial year ending December 31, 2020
2-Voting on the financial statements for the financial year ending on December 31, 2020
3-Voting on the report of the Board of Directors for the year ending December 31, 2020
4-Vote on discharging the members of the Board of Directors for the financial year ending on December 31, 2020
5-Voting on appointing the Company’s auditor from among the candidates, based on the Audit Committee’s recommendation so as to examine, review and audit the financial statements for the second, third and annual quarters of the financial year 2021 AD, and the first quarter of 2022 AD, along with determining his fees.
6-Voting on the Board of Directors’ recommendation to appoint HE Mrs. Suha Bint Suwaid Al-Jahdali as an (independent) member of the Board of Directors, starting from the date of her appointment on March 11, 2021 AD to complete the Board’s session until the end of the current session on September 16, 2023 AD in succession of the previous member HE Mr. Salman bin Nasser Al-Hawawi (independent member). (CV attached herewith).
7-Vote on the Recommendation of the Board of Directors to distribute cash dividends for the second half of fiscal year 2020 by 2.5% of the face value of the share by 0.25 riyals per share and a total of 12.5 million riyals for the number of 50 million shares, with the eligibility of the company’s shareholders to be the owners of the shares at the end of the trading day of the General Assembly and tied to the company’s shareholders register at the Securities Deposit Center at the end of the second trading day following the due date and the date of distribution.
8-Voting on the amendment of Article (3) of the Company’s Articles of Association related to the purposes of the Company. ( attached)
9-Voting on the amendment of Article (40) of the Company’s Articles of Association related to the Audit Committee. ( attached)
10-Voting on the amendment of Article (48) of the Company’s Articles of Association related to the distribution of profits. ( attached) |
| Proxy Form |  |
| E-Vote | Honorable shareholders registered on Tadawulaty Services website can vote remotely on the items of the Extraordinary General Assembly meeting through the (electronic voting) service, noting that remote voting starts from ten o’clock in the morning on Saturday 9/11/1442H corresponding to 19/06/2021 AD, and Until the counting of votes is over a day of the Assembly which corresponds to Wednesday 13/11/1442H corresponding to June 23, 2021 AD. Accordingly, we invite all shareholders of the Company to participate and vote remotely by visiting Tadawulaty Services website via clicking on this link: https://www.tadawulaty.com.sa
It is worth mentioning that registration on Tadawulaty Services website and voting services are available free of charge to all shareholders. |
| 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 | In case of any questions or inquiries, feel free to contact the numbers shown below:
Phone No. 0114789840 Fax No. 0114776193 Or Via the email: saiccom@saic.com.sa |
| Attached Documents | |