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Al-Babtain Food Company invites its shareholders to attend the Ordinary General Assembly meeting (first meeting) via modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Babtain Food Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) scheduled to be held, God willing, at 08:30 pm on Thursday, 30/05/2024, through modern technological means. |
| City and Location of the General Assembly's Meeting | Riyadh - the main headquarters of Al-Babtain Food Company - using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-30 Corresponding to 1445-11-22 |
| Time of the General Assembly’s Meeting | 20:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend shall be for shareholders registered in the register of shareholders of the issuer at the Depository Center at the end of the trading session that precedes the General Assembly meeting and in accordance with the rules and regulations. The right to register attendance for the Assembly meeting ends at the time of the Assembly meeting, and the right to vote on the Assembly items for those present ends when the screening committee finishes categorizing voices. |
| 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 25% of the capital. If the quorum required to hold the meeting is not available, the second meeting will be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting will be valid regardless of the number of shares represented. in it . |
| General Assembly Meeting Agenda | 1- Reviewing the Board of Directors’ report for the financial year ending on 31/12/2023 and discussing it. 2- Review the financial statements for the fiscal year ending on 31/12/2023 and discuss them. 3- Vote on the company’s auditor’s report for the financial year ending on 31/12/2023 after discussing it. 4- Vote on appointing an auditor for the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the quarterly and annual financial statements for the fiscal year 2024 and determine his fees. 5- Vote on discharging the members of the Board of Directors from their liabilities for the year ending 31/12/2023. 6- Vote on the Board of Directors’ recommendation to distribute cash dividends in the amount of (1,700,000) riyals to shareholders for the first half of 2023, at (0.5 riyals) per share and at a rate of 5% of the capital, provided that the shareholders who own the shares are eligible at the end of trading. The day of the General Assembly and those registered in the company’s shareholder register with the Securities Depository Center Company at the end of the second trading day following the due date, and the date of dividend distribution will be announced later. 7- Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2024. 8- Voting on the election of members of the Board of Directors from among the candidates for the next session, which begins on 24/02/2024 AD and lasts for three years, ending on 23/02/2027 AD. (Candidates' CVs are attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the agenda of the Ordinary General Assembly and direct questions to members of the Board of Directors, noting that voting in Tadawulaty services is available free of charge to all shareholders using the following link: https://login.tadawulaty.com.sa/ir/user/ login.xhtml |
| Details of the electronic voting on the Assembly’s agenda | Electronic voting will begin for shareholders registered on the Tadawulati electronic services website, voting remotely on the assembly’s items, starting at one o’clock in the morning on Monday, 27/05/2024, until the end of the assembly’s meeting time. Registration and voting in 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 | Accordingly, the company hopes that all its shareholders will register in my trading to participate and vote remotely on the association’s items through the website, and in the event of an inquiry, we hope to communicate via phone +966112440849 and e-mail IR@ALBABTAINFOOD.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 44.0
Net Change 0.0 (0.0%)
Value Traded (Sar) 279.3
Volume Traded 6
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