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National Gas and Industrialization Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | GASCO’s Board of Directors is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which is scheduled to be held by means of modern technical means, and which will take place, Allah willing, at 7:30 pm on Sunday 18-11-1445 H, corresponding to 26 -05-2024 G. |
| City and Location of the General Assembly's Meeting | The Company's headquarters in Riyadh (remotely and via modern technology). |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-26 Corresponding to 1445-11-18 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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 Extraordinary General Assembly Meeting shall be valid if it is attended by shareholders representing at least half of the capital. If the necessary quorum is not available to hold this Meeting, the second meeting shall be held one hour after the end of the period specified for the First Meeting. The second meeting shall be valid if it is attended by shareholders representing at least a quarter of the capital. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing the Board of Directors’ report for .the financial year ending December 31, 2023; And discuss it 2. Voting on the auditor’s report of the Company for the financial year ending on December 31, 2023; After discussing it 3. Reviewing and discussing the financial statements for the financial year ending on December 31, 2023; And discuss it 4. Voting on discharging the members of the Board of Directors from their liabilities for the financial year ending on December 31, 2023; 5. Voting on appointing the Company’s auditor from among the candidates based on the recommendation of the Audit Committee so as to examine, review and audit the financial statements for the second, third and annual quarters of the financial year 2024 G, and the first quarter of the financial year 2025 G, and determine the auditor’s fees; 6. Voting on authorizing the power of the Extraordinary General Assembly Meeting to the Board of Directors with the authorization contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions contained in the Executive Regulations of the Companies Law for the listed joint stock companies; 7. Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the financial year 2024; 8. Voting on disbursing an amount of (3,633,000) riyals as a remuneration to members of the Board of Directors for the financial year ending on December 31, 2023; 9. Vote on the regulation (competing business standards). (attached). 10. Voting on amending the Audit Committee regulations (attached). 11. Voting on amending the Nominations and Remuneration Committee (attached). regulations (attached). 12. Voting on amending policies, standards and procedures for membership in the Board of Directors(attached). 13. Voting on amending the Company's Articles of Association in accordance with the New Companies Law And rearranging the system’s articles and numbering them to comply with the proposed amendments (attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The right to register to attend the Assembly Meeting ends at the time of the Assembly Meeting, as well the right of attendees to vote on the Assembly’s Items ends when the Screening Committee complete counting the votes. |
| Details of the electronic voting on the Assembly’s agenda | Services shall be able to vote remotely on the Assembly’s Items starting at 1:00 am on Wednesday 14-11-1445 H., corresponding to 22-05-2024 G, until the end of the Assembly’s Meeting time, and registration and voting in Tadawulaty Services for all shareholders will be available and free of charge to all shareholders using the following link: https://login.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any questions, please contact us: 0112508440 Email: investors@gasco.com.sa |
| Additional Information | Shareholders registered on the Tadawulaty Services website will be notified by text message explaining the mechanism for participating in the deliberations of the Extraordinary General Assembly Meeting. Questions and inquiries from shareholders will also be received before and during the Assembly by contacting: Investors@gasco.com.sa: via 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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Company Performance
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Last Price 86.5
Net Change -1.7 (-1.93%)
Value Traded (Sar) 12,031,838.5
Volume Traded 138,279
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