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The National Company for Glass Industries (Zoujaj) announces Invitation to its shareholders to attend the Ordinary General Assembly meeting (the first meeting) through modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of The National Company for Glass Industries (Zoujaj) is pleased to invite its valued shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, God willing, on Thursday, 22-09-1444 corresponding to 13-04-2023 at 10:30 Evening, by means of modern technology. |
| City and Location of the General Assembly's Meeting | The company’s headquarters is in the Second Industrial city in Riyadh through modern technology. |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-04-13 Corresponding to 1444-09-22 |
| Time of the General Assembly's Meeting | 22:30 |
| Attendance Eligibility | 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, Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise their inquiries. |
| Quorum for Convening the General Assembly's Meeting | The quorum for this meeting is for shareholders representing at least 25 percent of the company’s paid-up capital. If such quorum is not attained, a second meeting can be held one hour after the time when the first meeting was supposed to convene. In all cases, the second meeting shall be deemed valid irrespective of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1- View and discuss the Board of Directors' report for the fiscal year ending on 31-12-2022 2- Vote on the companies auditor's report for the fiscal year ending on 12-31-2022, after discussing it. 3- Review and discuss the financial statements for the year ended 31 -12- 2022. 4- Vote on discharging the board of Directors from any liabilities for the fiscal year ending 31-12-2022. 5- Vote on disbursing an amount of SAR 1,600,000 as a bonus for members of the Board of Directors at the rate of SAR 200,000 for each member for the fiscal year ending on 31-12-2022. 6- Vote on the appointment of the external auditors as per the recommendation of the Audit Committee to review and audit the company’s financial statements for second and third quarter 2023, annual financial statements for year 2023, as well as for first quarter 2024 and determine their fees. 7-Voting on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year2023. 8- vote on the election of the members of the Board of Directors of the company for the next term, which begins on 13-04-2023 and its duration is three years, ending on 12-04-2026. 9- Voting on the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from the date of the assembly on 13-04-2023 until the end of the term on 12-04-2026. The following are the names of the candidates, (whose CVs are attached): 1 - Mohammad Ahmed Yassin Al Sheikh 2 - Othman Riyad Mohammad Al Humaidan 3 - Ahmed Yaqoub Yusef Al Farih |
| Proxy Form |  |
| E-Vote | Eligible shareholders can cast their votes remotely via Tadawulaty electronic services. Voting will commence from 1 am on Sunday, 18-09-1444 corresponding to 9-4-2023 until the end of the general assembly meeting. The company encourages its shareholders to actively participate and vote online by visiting the Tadawulaty web site www.tadawulaty.com.sa a free of service platform available to all shareholders. |
| Eligibility for Attendance Registration and Voting | Eligibility for registering attendance of the General Assembly’s meeting ends once it convenes. Eligibility for voting on the meeting agenda ends upon the Counting Committee concludes counting of the votes. |
| Method of Communication | To answer your inquiries, please contact the Public Relations and Shareholders Affairs Department on the phone (011 265 2323 / 203) or on the e-mail: mohammed@zoujaj-glass.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 42.7
Net Change -1.3 (-2.95%)
Value Traded (Sar) 13,362,546.05
Volume Traded 306,485
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