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Power and Water Utility Company for Jubail and Yanbu Invites its Shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) through modern technology means.

2083
MARAFIQ
1.85 %
1445/12/07     13/06/2024 08:07:06

Element ListExplanation
Introduction The Board of Directors of Power and Water Utility Company for Jubail and Yanbu (Marafiq) is pleased to invite its shareholders to attend and vote in the Company's Extraordinary General Assembly meeting (First meeting), which is scheduled to be held, at 7:30 pm on Wednesday, 18 Muharram 1446 corresponding to 24 July 2024, from the Company's main headquarters in Jubail Industrial City, using modern technology through Tadawulaty system.
City and Location of the General Assembly's Meeting Through modern technology means from the Company’s office in Jubail Industrial City (using Tadawulaty system)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2024-07-24 Corresponding to 1446-01-18
Time of the General Assembly’s Meeting 19:30
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 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 legal quorum for the extraordinary general assembly is the presence of shareholders who have at least half of the Company’s capital. If the quorum required to hold the meeting is insufficient, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid if attended by shareholders representing at least quarter of the capital.
General Assembly Meeting Agenda 1. Voting on amending Article Thirteen of the Company’s bylaws related to Premium Shares (Attached).

2. Voting on amending Article Thirty-Nine of the Company’s bylaws related to the Conditions of Appointment Auditor (Attached).

3. Voting on amending Article Forty-Four of the Company’s bylaws related to Distribution of Dividends (Attached).

4. Voting on amending Article Forty-Six of the Company’s bylaws related to Use of the Statutory Reserve (Attached).

5. Voting on amending the Dividends Policy (Attached).

6. Voting on the Transfer of the statutory reserve balance available in the financial statement of SAR 342,001,587.32 for the year ended on 31 December 2023 to the balance of retained earnings.

7. Voting on ratifying the resolution of the Board of Directors regarding the dividends distributed for the second half of 2023, of SAR 275,000,000 at SAR 1.1 per share, which represents 11% of the par value (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 matters listed in the agenda of the General Assembly and raise relevant questions and vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty by visiting the website www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa, the registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Sunday, 15 Muharram,1446, corresponding to 21 July, 2024, at 01:00 am and the voting will end once the General Assembly Meeting ends.
Method of Communication in Case of Any Enquiries If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0133409762 E-mail: InvestorRelations@marafiq.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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Key Parameters
Last Price 49.65
Net Change 0.9 (+1.85%)
Value Traded (Sar) 37,777,651.55
Volume Traded 765,075
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