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BinDawood Holding Company Board invites its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting).
| Element List | Explanation |
|---|---|
| Introduction | BinDawood Holding’s Board of Directors is pleased to invite its shareholders to participate in the Extraordinary General Assembly Meeting (First Meeting), which will be held virtually through modern technology means at 22:30pm on Sunday dated 31 of March 2024G corresponding to 21 of Ramadan 1445H. |
| City and Location of the General Assembly's Meeting | BinDawood Holding Headquarter in Jeddah, Kingdom of Saudi Arabia - Through modern technology means via Tadawulaty platform. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-03-31 Corresponding to 1445-09-21 |
| Time of the General Assembly’s Meeting | 22:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The eligibility to attend the Meeting , will be for shareholders registered in the Company share registry at the Depository Center as of the end of trading prior to the Meeting day, and as per the rules 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 meeting of the Extraordinary General Assembly shall not be valid unless attended by Shareholders representing at least Half of the Company’s share capital. |
| General Assembly Meeting Agenda | 1- Vote on the employee share plan and authorizing the Board to decide on the conditions of the plan, including the allocation price for each share offered to employees if the shares are offered in exchange for consideration. 2- Vote on the purchase of a number of the company’s shares with a maximum of 2 million shares, and to allocate them within the Employee Share Ownership Plan, where the purchase of those shares to be financed thru the Company’s own resources. Further, to authorize the Board of Directors to complete the purchase within a period of Twelve months from the date of the Extraordinary General Assembly approval, the purchased shares to be kept no longer than (10) years from the date of Extraordinary General Assembly approval and once the period lapses, the company will follow the rules and procedures stipulated in the relevant laws and regulations. (upon approval of item no. 1). 3- Vote on the Board of Directors decision to appoint Mr. Ahmad Abdulrazzag Dawood BinDawood as Executive member starting from the appointment date from 12/02/2024 until the end of the current Board term which ends on 07/05/2025. (Resume Attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members, noting that the voting is free of charge for all Shareholders via: http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | All shareholders registered in Tadawulaty service will be able to vote electronically on the Extraordinary General Assembly’s agenda via (E-voting service). Electronic voting will start on Wednesday 27 of March 2024G Corresponding to 17 Ramadan 1445 at 01:00 am and the voting will end once the General Assembly Meeting ends. Registration and voting will be available free-of-charge for all shareholders through Tadawulaty at the URL: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Shareholders are welcome to submit their enquiries from Sunday to Thursday during daily working hours from 9:00 am to 5:00pm and during Ramadan month from 11:00 am to 5:00pm by communicating with the Investor Relations Department through one of the following means: Tel: 012 658 0602 Exit 1604 Email: investors@BinDawood.com |
| 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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