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Tabuk Agricultural Development Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting )via modern technology means.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Tabuk Agricultural Development Co., is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which will be held on Monday 03rd June 2024 corresponding 26/11/1445H at 18:30 , via modern technology means |
| City and Location of the General Assembly's Meeting | Through modern technology means from the Company’s Project in Tabuk. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-03 Corresponding to 1445-11-26 |
| 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 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 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 | in accordance with Article (32) of the Company’s Bylaws, the first meeting of the Extraordinary General Assembly shall be valid if attended by shareholders representing at least 50% of the Company’s capital. If quorum is not met at this meeting, then a second meeting will be held within one hour of the scheduled time of the first meeting. The second meeting shall be valid, if it is attended by a number of shareholders representing at least quarter of the capital. |
| General Assembly Meeting Agenda | 1. Vote on amending the work regulations of the Audit Committee (attached). 2. Vote on amending the work regulations of the Nominations and Remuneration Committee (attached). 3. Vote on amending the policy, standards and procedures for Board of Directors membership (attached). 4. Vote on amending the policy for disbursing rewards and dues to members of the Board of Directors, its committees, and executive management (attached). 5. Vote on amending the company’s bylaws in accordance with the new companies’ bylaws and rearranging and numbering the articles of the company’s bylaws; To comply with the proposed amendments (attached). 6. Vote on amending Article No. (18) of the company’s bylaws, entitled “Powers of the Board.” (attached). 7. Vote on amending Article No. (20) of the company’s bylaws entitled “Chairman of the Board of Directors, his deputy, the secretary, and the CEO - the Chairman of the Board of Directors and his deputy.” (attached). 8. Vote on adding Article No. (23) to the company’s bylaws entitled “Appointment of the Managing Director or CEO and Secretary and their powers” (attached). 9. Vote on amending Article No. (30) of the company’s bylaws entitled “Voting and its method in assemblies.” (attached). 10. Vote on adopting a list of controls and criteria for participating in competitive businesses (attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The Shareholders have the right to discuss the topics on the agenda and ask questions. Shareholders can remotely vote on the Extraordinary General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty using the following link: WWW.TADAWULATY.COM.SA |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on the Tadawulaty Services website will be able to vote electronically remotely on the General Assembly’s Meeting Agenda through the (Electronic Voting) service, which will start from Thursday morning (01:00 AM) dated 30/05/2024 corresponding 22/11/1445H until the end of the assembly time. The registration and voting on the Tadawulaty platform are freely available for all shareholders by using the following link: WWW.TADAWULATY.COM.SA |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry about the association’s terms, we hope to contact the Shareholder Relations Department, phone number 0144500000, ext. 103, or email: magdy.abdellatef@tadco-agri.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 17.76
Net Change 0.04 (+0.23%)
Value Traded (Sar) 1,659,906.92
Volume Traded 94,019
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