Saudi Advanced Industries Company (SAIC) announces that its shareholders are invited to attend the Ordinary General Assembly meeting (the first and second meeting an hour after the first) through modern technology
- Date : 2022-07-05
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of Saudi Advanced Industries Company is pleased to invite the company’s shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meeting an hour after the first), which is scheduled to be held through modern technology means, on Monday 03 /01/ 1444 AH corresponding to 01/08/2022 AD, at exactly (07:00) in the evening. By means of modern technology |
| City and Location of the General Assembly’s Meeting | At the company’s headquarters in Riyadh – By means of modern technology. |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2022-08-01 Corresponding to 1444-01-03 |
| 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 legal quorum for convening the Ordinary General Assembly is the remote attendance of shareholders representing at least (25%) of the company’s capital represented in it, if this quorum is not available at the first meeting, the second meeting will be held an hour after the expiry of the time limit for convening the first meeting and it is valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1- Vote on the formation of the Audit Committee, determining its tasks, working controls, and remuneration of its members for the new session, starting from the date of the assembly meeting 01-08-2022 AD until the end of the session on 30-05-2025 AD. Note that the candidates (attached with their CVs) are:
– Abdullah Mohammed AlHomaidi (Member of the Board of Directors- Independent) – Ammar Abdulrahim Qadi (Out of Board Member) – Faisal Sultan Al-Subaie (Out of Board Member) (CV attached) 2- Vote on the Board of Directors’ decision to appoint Mr. Yousef Muhammad Al-Qafari as an independent member of the Board of Directors starting from the date of his appointment on 12-06-2022 AD to complete the Board’s session until the end of the current session on 30-05-2025 AD, succeeding the previous member, Mr. Abdullah Saleh Al-Sanea as a member Independent Board of Directors (CV attached) 3- Vote on authorizing the Board of Directors to distribute interim dividends on a semi-/quarterly basis for the fiscal year 2022 AD. |
| Proxy Form |  |
| E-Vote | Honorable shareholders registered on the Tadawulaty electronic services website can vote remotely on the items of the ordinary general assembly meeting, through the (electronic voting) service, bearing in mind that remote voting starts at ten in the morning on Thursday 29/12/1443 AH corresponding to 28/07/ 2022 AD, and until the end of the time of the assembly, we invite all shareholders of the company to participate and vote remotely by visiting the website of Tadawulaty https://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 | 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 |
| Additional Information | Candidates CVs are attached |
| Attached Documents | |