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Alwasail Industrial Co. Board invites its shareholders to attend the 12th Ordinary General Assembly Meeting the ( First Meeting )

9525
ALWASAIL INDUSTRIAL
2.56 %
1445/10/05     14/04/2024 16:03:02

Element ListExplanation
Introduction The Board of Directors of AlWasail Industrial Company is pleased to invite our honorable shareholders to participate and vote in the twelfth ordinary general assembly meeting (first meeting), which is scheduled to be held, God willing, at exactly six thirty in the evening on Sunday 10/26/1445 AH, corresponding to 05/05/2024 AD, via Modern technical means.
City and Location of the General Assembly's Meeting AlQassim- Burayadh- The head office of the company -

By means of modern technology

Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2024-05-05 Corresponding to 1445-10-26
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Every shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the General Assembly meeting has the right to attend the Assembly meeting, in accordance with the rules and regulations. The shareholder has the right to discuss the topics listed on the Assembly’s agenda and ask questions.
Quorum for Convening the General Assembly's Meeting The ordinary general assembly meeting is valid if it is attended by shareholders representing at least a quarter of the capital. If the quorum required to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda 1- Reviewing the Board of Directors’ report for the financial year ending on 12/31/2023 AD and discussing it.

2- Vote on the company’s auditor’s report for the financial year ending on 12/31/2023 AD after discussing it.

3- Review the financial statements for the fiscal year ending on 12/31/2023 AD and discuss them.

4- Voting on the business and contracts concluded between the company and (Thaqib Plastic Company Limited), in which the member of the Board of Directors (Mr. Saleh bin Abdullah Al-Mushayqih) has an indirect interest, which is (scraping out damaged materials for the benefit of the company) with total transactions amounting to (11,258,606). ) Riyals during the year 2023 AD, for a period of one year, renewed annually (without preferential conditions). (attached)

5- Voting on the remuneration policy for members of the Board of Directors, its committees, and the executive management. (attached)

6- Vote on delegating the authority of the Ordinary General Assembly 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 stated in the executive regulations. The corporate system for listed joint stock companies.

7- Vote on the Board of Directors’ recommendation to distribute cash dividends in the amount of (25,000,000) riyals to shareholders for the financial period 12/31/2023 AD, at (0.10) riyals per share, which represents 10% of the capital, provided that the shareholders who own the shares are eligible at the end of trading. The day of the General Assembly and those registered in the company’s shareholder register at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, provided that the dividend distribution date will be announced later.

8-Voting on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 12/31/2023 AD.

9- Vote on disbursing an amount of (700,000) riyals as a reward to members of the Board of Directors for the financial year ending on 12/31/2023 AD.

Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The right to register attendance at the association meeting ends at the time of the association meeting. The right of attendees to vote on the assembly’s items ends when the screening committee finishes counting the votes.
Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty services will be able to vote remotely on the assembly’s items, starting at one o’clock in the morning on Thursday 10/23/1445 AH, corresponding to 05/02/2024 AD, until the end of the meeting time. Registration and voting in Tadawulaty services will be available and free for all shareholders by using the link. Next: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries If you have any inquiries or questions regarding the association’s agenda, we hope to contact the Investor Relations Department:

Mobile: 0537633346

email: JALAL@ALWASAIL.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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ALWASAIL INDUSTRIAL
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Last Price 2.4
Net Change 0.06 (+2.56%)
Value Traded (Sar) 722,316.13
Volume Traded 301,730
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