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Saudi Electricity Company invites its shareholders to attend the 10th Extraordinary General Assembly (First Meeting) via modern technology (virtually)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Electricity Company is pleased to invite the shareholders to attend and vote on the 10th Extraordinary General Assembly meeting (first meeting), scheduled at 7:00 p.m., Tuesday, 07/10/1445 (16/04/2024), which will be held via modern technology means (virtually). |
| City and Location of the General Assembly's Meeting | Through modern technology means, from the Company’s Headquarters in Riyadh (via Tadawulaty System platform) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-04-16 Corresponding to 1445-10-07 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Each shareholder registered at the end of the trading session, preceding the General Assembly meeting in the Company’s Shareholders Register maintained at the Depository Center, is eligible to attend the General Assembly meeting and as per the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | An Extraordinary General Assembly meeting shall be deemed valid only if attended by shareholders who represent at least a half of the Company’s voting shares. If the quorum required for an Extraordinary General Assembly meeting is not satisfied, a call shall be made for a second meeting shall be held under the same conditions stipulated in Article (91) of the Companies Law within thirty (30) days following the date set for the first meeting. |
| General Assembly Meeting Agenda | 1. Voting on transferring the balance of the statutory reserve amonting to (SAR 7,105,975,171.12) seven billion one hundred five million nine hundred seventy-five thousand one hundred seventy-one Saudi riyals and twelve halalas as in the financnial statements of the year ended on 31 December 2022. 2. Voting on transferring the balance of the genral reserve amonting to (SAR 702,343,122.73) seven hundred two million three hundred forty-three thousand one hundred twenty-two Saudi riyals and seventy-three halalas as in the financnial statements of the year ended on 31 December 2022. 3. Voting on amending the Remuneration Policy for Members the Board, its Committees, and the Executive Management. (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the topics listed on the agenda of the General Assembly and ask questions. The shareholders registered in Tadawulaty services may vote remotely on the items of the General Assembly agenda, starting from 01:00 a.m., Saturday, 04/10/1445 (13/04/2024) until the end of the General Assembly meeting. Registration and voting on Tadawulaty will be available and free of charge for all shareholders via this link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Eligibility to register for attendance of the General Assembly meeting ends at the time of convening the meeting. The eligibility to vote on the items of the General Assembly agenda for the attendees ends by the end of votes counting. |
| Method of Communication in Case of Any Enquiries | Should you have inquiries about the General Assembly Meeting, feel free to contact: 0118077202 , 0118077881 or email: SEC-SH@se.com.sa |
| Additional Information | Shareholders may direct questions and inquiries related to items of the General Assembly during the meeting via the broadcasting link that will be forwarded to the shareholders via Tadawulaty service, the full name of the shareholder should be mentioned, to accept an equiry. |
| 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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