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The Board of Directors of Waja 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 Waja Company is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held using modern means of purification, God Almighty willing, at exactly 19:30 on Wednesday, 12/20/1445 AH, corresponding to 06/26. /2024 AD |
| City and Location of the General Assembly's Meeting | At the company's main headquarters in Riyadh, located on King Fahd Road - Al-Anoud Tower 2 - using modern technological means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-06-26 Corresponding to 1445-12-20 |
| 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 | 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 | According to Article (32) of the company’s bylaws, the ordinary general assembly meeting will not be valid unless it is attended by shareholders representing at least half of the company’s shares that have voting rights. If this quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the meeting. The first, and in all cases, the second meeting is valid, regardless of the number of shares with voting rights represented in it. |
| General Assembly Meeting Agenda | Vote on the company’s auditor’s report for the fiscal year ending on December 31, 2023, after discussing it. 2. Reviewing the Board of Directors’ report for the financial year ending on December 31, 2023 AD and discussing it. 3. Review and discuss the company’s financial statements for the fiscal year ending on December 31, 2023. 4. Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on December 31, 2023 AD. 5. Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the first and annual half of the fiscal year 2024, and determine his fees. 6. Vote on disbursing an amount of (100,000) one hundred thousand riyals as a reward to members of the Board of Directors for the financial year ending on 12/31/2023 AD. 7. Vote on delegating the authority of the Ordinary General Assembly to the Board of Directors with the authorization contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions stated in the Executive Regulations. The corporate system for listed joint stock companies. 8. Vote on the audit committee’s work regulations. (attached) 9. Vote on the remuneration policy for members of the Board of Directors, committees and executive management. (attached) 10. Voting on the participation of the Chairman of the Board of Directors, Mr. Ibrahim Abdullah Abdul Salam, in a business competing with the company’s business. (attached)" 11. Voting on the business and contracts concluded between the company and Riyadh Window Company Limited, in which the Chairman of the Board of Directors (Mr. Ibrahim Abdullah Abdul Salam) has an indirect interest as he is the husband of the owner of Riyadh Window Company Limited, and they are transactions (business, contracting and supply services,) noting that the contract It began in the year 2023 AD and has a duration of one year. The value of the transactions during the year 2023 AD is an amount of (7,455,990) riyals (debit transactions), and the value of the amount paid during the year 2023 AD is an amount of (7,455,990) riyals (credit transactions), and the final balance for the year 2023 AD is (zero) riyals. These transactions are carried out in the normal course of business and in accordance with prevailing commercial terms and without any preferential terms (attached). 12. Voting on the business and contracts concluded between the company and the Chairman of the Board of Directors (Mr. Ibrahim Abdullah Abdul Salam), in which he has a direct interest, is (financing for a period of one year) and the value of the transactions during the year 2023 is an amount of (13,456,736) riyals (debit transactions). The value of the amount paid during the year 2023 is (13,339,750) riyals (credit transactions), and the final balance for the year 2023 is (zero) riyals. These transactions are carried out in the normal course of business and in accordance with the prevailing commercial conditions and without any preferential terms (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 ask questions, noting that voting in Tadawulaty services is available free of charge to all shareholders using the following link: http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items starting at 1:00 am on Saturday 12/16/1445 AH corresponding to 06/22/2024 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulati services will be available and free to all shareholders by using the link. Next: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If there are any inquiries, please contact us via email s.alenazi@waja.com.sa or contact: +966112217777 |
| 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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