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Mayar Holding Company announces to invite its shareholders to attend the Ordinary General Assembly Meeting (First meeting) Via modern technology means.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mayar Holding Company would like to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held, at 19:30 pm on Wednesday 15-11-1445 H corresponding to 22-05-2024 G, via modern technological means through the Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Riyadh City – By using modern technology from the company’s headquarters. |
| 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 | 19:30 |
| 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 will be valid if it is attended by shareholders representing at least a quarter of the capital. |
| General Assembly Meeting Agenda | 1-Reviewing and discussing the Board of Directors’ report for the financial year ending 12-31-2023G 2-Vote on the company’s auditor’s report for the fiscal year ending on 31-12-2023G 3-Review and discuss the company’s financial statements for the fiscal year ending on 12-31-2023 G 4- Vote to absolve the members of the board of directors from liability for the fiscal year ending on 31-12 2023 G. 5- Voting on appointing the auditors for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the quarterly financial statements (1st ,2nd,3rd and annual financial statement of 2024 and 1st quarter of fiscal year ending 2025., and the determination of the auditors’ remuneration. 6- Voting to pay an amount of SR 616,667 as remuneration to the Board members for the fiscal year ending on 31-12-2023 G. 7-“Voting on delegating to the Board of Directors the authority of the Ordinary General Assembly 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 approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions contained in the executive regulations of the Law.” Private companies of listed joint stock companies. 8- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is a lease contract for Jedaya Agricultural Company (a subsidiary of Mayar Holding Company) at a value of SR (96,875) for a period of one year, according to the prevailing commercial terms. 9- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the deal is a lease contract for Jedaya Agricultural Company (a subsidiary of Mayar Holding Company) at a value of (89,375) riyals for a period of one year, according to the prevailing commercial terms. 10- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (non-executive member) has an indirect interest in it, bearing in mind that the nature of the deal is a lease contract for Mayar Holding Company at a value of SR(188,892) for a period of one year, according to the prevailing commercial terms. 11- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is a lease contract for Execution Creativity Performance Company for Elevators (a subsidiary of Mayar Holding Company) at a value of (140,805) riyals for a period of one year, according to the prevailing commercial terms. 12- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is a lease contract for Fuji Saudi Arabia for Elevators and Escalators Company (a subsidiary of Mayar Holding Company) at a value of SR (124,335) for a period of one year, according to the prevailing commercial terms. 13- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is a lease contract for Fuji Saudi Arabia for Elevators and Escalators Company (a subsidiary of Mayar Holding Company) at a value of SR(628,708) riyals for a period of one year under the prevailing commercial terms. 14- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is a lease contract for a warehouse and housing for Gulf Elevators and Escalators Company (a subsidiary of Mayar Holding Company) with a value of SR(450,000) and the contract period is (10) years, according to commercial terms. Prevailing. 15- Voting on the business and contracts that were concluded between the company and Taya Real Estate Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is a lease contract for workers’ housing for Saudi Drip Irrigation Company (a subsidiary of Mayar Holding Company) at a value of SR(175,000) for a period of one year, according to the prevailing commercial terms. 16- Voting on the business and contracts that were concluded between the company and Taya Holding Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the deal is a Financing received at a value of (4,400,000) riyals for a period of one year, according to the prevailing commercial terms. 17- Voting on the business and contracts concluded between the company and SDRC Industries Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction consists of expenses paid on behalf of affiliated company at an amount of SR(161,760) without any preferential conditions. 18-Voting on the business and contracts concluded between the company and Clarity of Vision Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (non-executive member) has an indirect interest in it, bearing in mind that the nature of the Transfer of defined benefit obligations to employees at a value of SR(220,224) without any preferential conditions. 19- Voting on the business and contracts concluded between the company and Clarity of Vision Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (non-executive member) has an indirect interest in it, bearing in mind that the nature of thetransaction is the expenses of managed services for information technology at a value of SR(443,500) without any preferential conditions. 20- Voting on the business and contracts concluded between the company and Misr Polymers Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction consists of expenses paid on behalf of affiliated company at an amount of SR(15,664) without any preferential conditions. 21- Voting on the business and contracts that were concluded between the company and Edama for operation and maintenance Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is purchasees for the Mayar Holding Company at a value of SR (13,495) for a period of one year, according to the prevailing commercial terms. 22- Voting on the business and contracts that were concluded between the company and Edama for operation and maintenance Company in the year 2023 G, which the Chairman of the Board of Directors, Eng. Thamer bin Abdullah bin Rayes (non-executive member) and Vice Chairman of the Board of Directors, Eng. Mohammad bin Abdullah bin Rayes (a non-executive member) has an indirect interest in it, bearing in mind that the nature of the transaction is sales contract for the Mayar Holding Company at a value of SR (78,705) for a period of one year, according to the prevailing commercial terms. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Every shareholder has the right to discuss the topics included in the General Assembly’s agenda and direct questions regarding them to the members of the Board of Directors and the auditor. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on the Tadawulaty electronic services website will be able to vote remotely on the assembly’s items through the (electronic voting) service, which will start from one o’clock in the morning on Monday, 13-11-1445 AH, corresponding to 20-05-2024 AD, until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any questions, we hope to contact the Shareholder Relation Department during working hours at 0506347496- ir@mayar.com.sa |
| Additional Information | N/A |
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 4.0
Net Change -0.1 (-2.44%)
Value Traded (Sar) 16,378.51
Volume Traded 4,001
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