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Middle East Specialized Cables Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Middle East Specialized Company is pleased to invite the valued shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at 8:00 PM on Thursday 29/11/1445 corresponding to 06/06/2024 via modern technology using the Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Riyadh - the company's headquarters, King Abdulaziz District, Salah Al-Din Al-Ayoubi Street - via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-06 Corresponding to 1445-11-29 |
| Time of the General Assembly’s Meeting | 20:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws 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 Ordinary General Assembly Meeting shall be valid only if it is attended by shareholders representing at least a quarter of the company's shares in accordance with Article (31) of the company's articles of association and if the necessary quorum is not available to hold this meeting, the second meeting shall be held one hour after the expiration of the period specified for holding the first meeting, and the second meeting shall be valid regardless of the number of shares that have voting rights represented in it. |
| General Assembly Meeting Agenda | 1-Review and discuss the Board of Directors' report for the financial year ended 31/12/2023 and discussing it. 2-Voting on the company’s auditor's report for the fiscal year ending on 31/12/2023 after discussing it. 3-Review and discuss the audited financial statements for the year ended 31/12/2023 and discussing it. 4-Voting on the appointment of the Company's auditor from among the candidates based on the recommendation of the Audit Committee to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024, and the first quarter of the fiscal year 2025 and determine his fees. 5-Voting on the amendment of the Remuneration policy of the Board of Directors, Committees and the Executive management. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the agenda of the General Assembly and ask questions to the members of the board of directors, noting that voting in tadawulaty services is available free of charge to all shareholders using the following link : www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The shareholders registered on the Tadawulaty services can vote remotely on meeting agenda from 01:00 am on Sunday 25 Dhu al-Qadah 1445 (02 June 2024) until the end of the assembly time. Registration and voting for Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, we hope to contact the Investor Relations Department during office hours from 8:00 am to 4:00 pm through Phone number: 00966114767373 Ext:1066 Email: IR@mesccables.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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Last Price 30.55
Net Change -1.35 (-4.23%)
Value Traded (Sar) 13,615,930.1
Volume Traded 436,689
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