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The Board of Directors of Electrical Industries Co. invites its shareholders to attend the Ordinary General Assembly meeting (First meeting) through modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Electrical Industries Company is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly meeting (First meeting), scheduled to be held at 18:30pm on Wednesday 03-06-1446 corresponding to 04-12-2024 through modern technology means. |
| City and Location of the General Assembly's Meeting | Via modern technology means from EIC Head office in Dammam |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-12-04 Corresponding to 1446-06-03 |
| 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 | The eligibility to attend the meeting is for the Shareholders registered in the Company’s shareholders register at the Depository Center by the end of the trading session prior to the General Assembly meeting and as per the laws and regulations. The Eligibility for registering the attendance of General Assembly’s meeting ends at the time of convening of the General Assembly. The eligibility for voting on the items of the Assembly’s agenda ends upon the Counting Committee concludes sorting the votes. |
| Quorum for Convening the General Assembly's Meeting | The Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least (25%) of the Company’s voting shares. If such quorum is not reached at the first meeting, a second meeting shall be held within one hour of the scheduled time for the first meeting. The second meeting shall be valid regardless of the number of voting shares represented therein. |
| General Assembly Meeting Agenda | 1-Voting for the election of the board members from among the candidates for the next term starting from 9th December 2024, for a period of four years, ending on 8th of December 2028. (CVs of the candidates attached). 2-Voting on the dividends distribution policy for the next three years, starting from the second half of year2024 and ending on the first half of year2027. (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the matters listed on the agenda of the General Assembly and raise relevant questions to the board of directors, noting that voting is available and free of charge for all shareholders via the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote remotely on the agenda items of the General Assembly starting from 01:00 am on Sunday 29-05-1446 corresponding to 01-12-2024 and will last till the end of the General Assembly meeting, noting that registration and voting via Tadawulaty services shall be available and free of charge for all shareholders through the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For inquiries, please contact shareholders relation on phone number 0138476112, or email: abdulall@eic.com.sa |
| 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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