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Naseej International Trading Company invites its shareholders to attend the General Assembly meeting (First Meeting) by means of modern technology "remotely
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Naseej International Trading Company is pleased to invite the Company’s shareholders to participate and vote in the Ordinary General Assembly Meeting (the First Meeting (which is scheduled to be held by means of modern technology, God willing, at (6:30) pm on Wednesday 14/11/1445 corresponding to 22/05/2024 |
| City and Location of the General Assembly's Meeting | Via modern technology means using the Tadawulaty system from the company Head Office - Jeddah |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-22 Corresponding to 1445-11-14 |
| 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 | 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. Eligibility for registering the attendance of the GAM ends upon the beginning of the GAM. Eligibility for voting on the GAM Agenda ends upon the Counting Committee concludes counting the votes |
| Quorum for Convening the General Assembly's Meeting | The quorum for holding the General Assembly shall be considered valid if attended by shareholders who represent at least a quarter of the Company’s share capital. If the required quorum has not been met, a second meeting will be held one hour from the time of the first meeting was supposed to convene. The second meeting shall be valid whatever the number of shares represented |
| General Assembly Meeting Agenda | 1. Reviewing and discussing the Board of Directors' report for the fiscal year ending on 31/12/2023 2. Reviewing and discussing the financial statements for the fiscal year ending on 31/12/2023. 3. Voting on the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2023. 4. Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third) quarter and annual financial statements, of the fiscal year 2024 G., and the first quarter of the fiscal year 2025 G., and the determination of the auditor’s remuneration. 5. Voting on the business and contracts that will be concluded between the Company and Al Sorayai Group for Industrial Investment, in which the Board member Mr. Naser Saleh Nasser AL Sorayai (Non-Executive) has a direct interest in it (related party), These businesses and contracts are about purchasing and supplying raw materials to factories. Note that transactions for the last year 2023 amounted to (SAR 541,371 ) (There are no preferential terms in the contracts) (Attached). 6. Voting on the business and contracts that will be concluded between the Company and the Saudi Carpet Accessories Manufacturing Company Ltd. (Matex), in which the Board member Mr. Naser Saleh Nasser AL Sorayai (Non-Executive) has an indirect interest in it (related party), These businesses and contracts are about purchasing and supplying raw materials to factories. Note that transactions for the last year 2023 amounted to (SAR 18,237,848 ) (There are no preferential terms in the contracts) (Attached). 7. Voting on the business and contracts that will be concluded between the Company and Al-Hikma Real Estate Development Company, in which the Board member Mr. Naser Saleh Nasser AL Sorayai (Non-Executive) has an indirect interest in it (related party), These businesses and contracts are about lease contracts for showrooms, warehouses and offices owned by Al-Hikma Company. Note that transactions for the last year 2023 amounted to (SAR 460,000 (There are no preferential terms in the contracts) (Attached). 8. Vote on Delegating the Ordinary General Assembly authorization powers stipulated in Paragraph (1) of Article (27) of the Companies Law to the Board of Directors, for one year from the General Assembly approval date, or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies. 9. Voting for election of the Board members from among the candidates for the next term, commencing from 16 July 2024 G. for a term of Four years, ending on 15 July 2028 G. (Candidates' CVs attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders may raise 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. Shareholders can remotely vote on the Ordinary General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty using the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The shareholders registered in Tadawulaty services may vote remotely on the agenda of the General Assembly starting at 01: 00AM on Sunday 11-11-1445 corresponding to 19-05-2024 Until the time the Assembly meeting ends. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the (E-Voting) services at: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiries and shareholders questions on this meeting’s agenda items can be received through phone No. (6222608) and the Investor Relations Department’s email address, at Email: otaha@al-sorayai.com |
| Additional Information | NA |
| 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
Key Parameters
Last Price 76.4
Net Change 1.4 (+1.87%)
Value Traded (Sar) 18,599,658
Volume Traded 246,641
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