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United Electronics Company (eXtra) Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
|---|---|
| Introduction | United Electronics Company (eXtra) is pleased to announce the results of the Extraordinary General Assembly Meeting – Second meeting, which was held on Tuesday 16 April 2024 (07 Shawwal 1445H) at 08:00 PM Where the quorum for the first meeting was not complete, and the second meeting was held an hour after the time specified for the first meeting, with an attendance rate of 43.62%, as the quorum for the second meeting is the attendance of a number of shareholders representing 25% of the capital at least. |
| City and Location of the General Assembly's Meeting | By Means of Modern Technology - Khobar - United Electronics Company (eXtra) Head Office |
| Date of the General Assembly's Meeting | 2024-04-16 Corresponding to 1445-10-07 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 43.62 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by each of the following board members By Means of Modern Technology: 1. Abduljabbar AbdulRahman Mohamed AlAbduljabbar (Chairman) 2. Mansour AbdulAziz Rashid AlBosaily 3. Mohamed Galal Ali Fahmy (MD & CEO) 4. Ali Mohamed Ali Faramawy 5. Adel Omar Al Farouq Merheb 6. Abdullatif Ali Abdullatif Al Fozan The following board members were unable to attend: 1. Abdullah Ali Ibrahim Al-Majdouie 2. Fozan Mohammed Ahmed AlFozan |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mansour AbdulAziz Rashid AlBosaily (Chairman of the Audit Committee) 2. Adel Omar Al Farouq Merheb (Nomination and Remuneration Committee member) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Approval of the material transaction of United International Holding Company by offering 7,500,000 shares, representing 30% of the capital of United International Holdings Company, for public subscription on the main market. |
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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