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United Wire Factories Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting ) - Reminder announcement
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of United Wire Factories Company is pleased to invite its shareholders to participate and vote in the seventeenth extraordinary general assembly meeting (first meeting), which is scheduled to be held at exactly eight thirty in the evening on Monday 20/10/1445 AH (corresponding to 29/04/2024 AD) to consider the agenda set out below. |
| City and Location of the General Assembly's Meeting | The company's headquarters in Riyadh - through modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-04-29 Corresponding to 1445-10-20 |
| 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 validity of the extraordinary general assembly meeting requires the presence of a number of shareholders representing at least half of the capital. If the quorum necessary to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid if attended by a number of shareholders representing at least one quarter of the capital in accordance with the company's articles of association. |
| General Assembly Meeting Agenda | 1. Reviewing the Board of Directors’ report for the financial year ending 31/12/2023 AD and discussing it. 2. Voting on and discussing the company’s auditor’s report for the financial year ending on 31/12/2023 AD. 3. Reviewing the financial statements for the fiscal year ending 31/12/2023 AD and discussing it. 4. Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second quarter, the third quarter, and the annual of the fiscal year 2024 AD, and the first quarter of the fiscal year 2025 AD and determine his fees. 5. Vote to absolve the members of the Bord of Directors from liability for the fiscal year ending on 31/12/2023 AD. 6. Voting on transferring the entire statutory reserve of the company in the amount of (79,951,194) Saudi riyals as in the financial statements ending on 31/12/2023 AD to the retained earnings item. 7. Vote on authorizing the Board of Directors to distribute interim dividends semi-annually or quarterly for the fiscal year 2024. 8. Vote on disbursing an amount of (1,250,000) Saudi riyals as a reward to members of the Board of Directors for the financial year ending on 31/12/2023 AD |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the agenda of the Extraordinary General Assembly and ask questions, and shareholders registered in Tadawulaty services can vote electronically remotely on the items of the General Assembly starting from 01:00 am on Thursday 16/10/1445H corresponding to 25/04/2024G until the end of the time of the General Assembly meeting. |
| Details of the electronic voting on the Assembly’s agenda | Registration and voting in Tadawulaty services is available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive questions and inquiries from our shareholders about the items of the meeting, starting from the time of this announcement, and they will be answered through the following means of communication: • Investor Relations Department • Phone 0112655556 Ext. 1713 • IR.1301@unitedwires.com.sa email |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 34.0
Net Change -0.2 (-0.58%)
Value Traded (Sar) 11,876,948.95
Volume Traded 350,777
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