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United Wire Factories Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting - Reminder Announcement
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the United Wire Factories Company is pleased to invite its shareholders to participate and vote in the fifteenth Ordinary General Assembly meeting (the first meeting), which is scheduled to be held at exactly nine thirty in the evening on Wednesday 14/09/1444 AH (corresponding to 04/05/2023 AD) at the company’s headquarters The main office in Riyadh - through modern technology, through the link www.tadawulaty.com.sa, in order to consider the agenda shown below |
| City and Location of the General Assembly's Meeting | Riyadh - head office - second industrial area |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-04-05 Corresponding to 1444-09-14 |
| Time of the General Assembly's Meeting | 21:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | For the Ordinary General Assembly meeting to be valid, it is required that a number of shareholders representing at least a quarter of the capital be present. According to Article 33 of the Company's Articles of Association. |
| General Assembly Meeting Agenda | 1. Review and discuss the report of the Board of Directors for the fiscal year ending on 31/12/2022 AD. 2. To vote on and discuss the company's auditor's report for the fiscal year ending on 31/12/2022. AD. 3.Reviewing and discussing the financial statements for the fiscal year ending on 31/12/2022 AD. 4. To vote on the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second quarter, the third quarter, and the annual financial statements of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD and determine his fees. 5. To vote on the business and contracts concluded between the company and Ramoz Al Fakherah Trading Company, in which the two former members of the Board of Directors (from the session ending on 09/04/2022 AD) Mr. Muhammad Rashid Muhammad Al-Rasheed, and Mr. Saleh Rashid Muhammad Al-Rasheed (related parties) have an indirect interest In it for the year 2022 AD, noting that the transactions that took place during the year 2022 AD have a value of (13,350,330) Saudi riyals, which are sales that take place on commercial basis and without preferential conditions. 6. Vote to absolve the members of the Board of Directors from liability for the fiscal year ending on 31/12/2022 AD. 7. To vote on authorizing the Board of Directors to distribute interim profits on a semi-annual or quarterly basis for the fiscal year 2023 AD. 8.To vote on disbursing an amount of (1,200,000) Saudi riyals as a reward for the members of the Board of Directors for the fiscal year ending on 31/12/2022 AD. 9. To vote on disbursing an amount of (175,000) Saudi riyals as a reward for members of the Audit Committee for the fiscal year ending on 31/12/2022 AD. |
| Proxy Form |  |
| E-Vote | Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the Assembly, starting from one o’clock in the morning on Saturday 10/09/1444 AH corresponding to 01/04/2023 AD until the end of the time of the assembly. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the link The following is www.tadawulaty.com.sa , Each shareholder has the right to discuss the topics on the assembly's agenda and ask questions. |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | We are pleased to receive the questions and inquiries of the honorable shareholders about the meeting items, starting from the time of this announcement, and they will be answered through the following means of communication: Investor Relations Department • Tel. 0112655556 Ext. 1713 • Email IR.1301@unitedwires.com.sa |
| Additional Information | Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link: www.tadawulaty.com.sa |
| 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 31.8
Net Change 0.0 (0.0%)
Value Traded (Sar) 2,976,437.8
Volume Traded 94,330
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