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Arabian Pipes Company announces to invite its shareholders to attend the 34rd Ordinary General Assembly Meeting (First meeting) Via modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Arabian Pipes Company is pleased to invite its esteemed shareholders to participate and vote in the thirty- fourth Ordinary General Assembly meeting (the first meeting) by means of modern technology using Tadawulaty system only |
| City and Location of the General Assembly's Meeting | Riyadh - By using modern technology from the company's headquarters |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-14 Corresponding to 1445-11-06 |
| Time of the General Assembly’s Meeting | 20:00 |
| 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 meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a quarter of the capital, and if the necessary quorum for holding this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1 Review and discuss the financial statements for the fiscal year ending on December 31, 2023. 2. Review & discuss the Board of Directors' report for the fiscal year ending on December 31, 2023. 3. Voting on the auditor report on the Company’s accounts for the fiscal year ending on December 31, 2023. discuss it. 4 . To vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review, and audit the company’s financial statements for the second and third quarters and the annual financial statements for the fiscal year 2024 AD and the first quarter of the year 2025 AD and determine his fees. 5. Voting on paying an amount of (1,050,000) SAR as remuneration to the Board members for the fiscal year ending on 31/12/2023 6. Voting on The Social Responsibility Policy (attached) 7. Voting on The standards and competition controls (attached) 8. Voting on the delegation of the Board of Directors to distribute interim cash dividends on semi - annual or quarterly basis for the fiscal year 2024 9. Voting on the participation of the Vice Chairman of the Board, Mr. Khaled Abdullah Abu Nayan in a business that competes with the business of the company (Attached). 10. Voting on the election of members of the Board of Directors from among the candidates for the next session, which begins on May 22, 2024, and ends on May 21, 2027, for a period of three years. (CVs of the candidates are attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders can vote (remotely) on the items of the Ordinary General Assembly through the electronic voting service through the Tadawulaty website www.tadawulaty.com.sa Note that registration in the service and electronic voting will start on Friday 02-11-1445 AH corresponding to 10-05-2024 AD from 1 am until the end of the assembly time. |
| Details of the electronic voting on the Assembly’s agenda | The right to register attendance for the meeting of the General Assembly ends at the time of the meeting of the Assembly, and the right to vote on the items of the Assembly for those present ends when the counting committee finishes sorting the votes and the shareholder has to discuss the topics on the agenda of the assembly and ask questions. |
| Method of Communication in Case of Any Enquiries | In the event of any inquiries, we hope to contact the Investor Relations Department through: Tel: 0112650123 Ext: 324 Email: contact@arabian-pipes.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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Company Performance
Key Parameters
Last Price 171.2
Net Change -6.8 (-3.82%)
Value Traded (Sar) 32,109,191.6
Volume Traded 185,624
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