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Arab Sea Information System Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arab Sea Information Systems Company is pleased to announce to the shareholders the results of the Extraordinary General Assembly Meeting (second meeting), which was held at exactly (20:00) in the evening on Wednesday 28/02/1445 AH corresponding to 13/09/2023 AD through modern technological means.. Due to the lack of a quorum in the first meeting, the second meeting was held an hour after the time scheduled for the first meeting, where the quorum was complete and the percentage of attendance (remotely) amounted to 30.09% of the company’s total shares |
| City and Location of the General Assembly's Meeting | At the company's headquarters in Riyadh, Al-Rayyan district - through modern technology |
| Date of the General Assembly's Meeting | 2023-09-13 Corresponding to 1445-02-28 |
| Time of the General Assembly's Meeting | 20:00 |
| Percentage of Attending Shareholders | 30.09% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Mohammed Saleh Al Suhaibani. ( chairman) 2. Eng. Abdulaziz Mohammed Al Khalifa. 3. Mr. Haitham Mohammed Al Suhaibani. 4. Mr. Abdullah Mohammed Al Hawas. 5. Mr. Ahmed Suleman Al Jasser. 6. Mr. Turki Nasser Al Dahmash. Absence of board members 1.Mr. Nabil Abdullah Al Mubarak. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1.Mr. Ahmed Suleman Al Jasser(Chairman of the Audit Committee) 2.Mr. Abdullah Mohammed Al Hawas(Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. approval on electing the members of the Board of Directors from among the candidates for the next session, which starts from 17/09/2023 AD and lasts for three years, ending on 16/09/2026 AD The members who were elected are: -Mr. Mohammed Saleh Mohammed Al Suhaibani -Mr. Haitham Mohammed Saleh Al Suhaibani -Mr. Turki Nasser Suliman Aldahmash -Mr. Abdullah Mohammed Nasser Al Hawas -Mr. Ahmed Suleman Mohammed Al Jasser - Dr. Ahmed Sirag Abdulrahman Khogeer -Mr. Saleh Mohammad Joraidy Alojayyan -Eng. Abdulaziz Mohammed Ali Al Khalifa 2. approval on splitting the nominal value of the share according to the following: -The nominal value of the share before the amendment: (10) Saudi riyals. - The nominal value of the share after the adjustment: (1) Saudi riyals. - The number of shares before the amendment: 10,000,000 shares. -The number of shares after the amendment: 100,000,000 shares. - There is no change in the capital before and after the stock split. -The effective date: In the event that the clause is approved, the split decision will be effective for all shareholders of the company who own shares on the day of the extraordinary general assembly and are registered in the company’s shareholder register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the general assembly. That decided shares are split. The effect of the decision will be applied to the share price starting from the working day following the meeting, provided that the number of shares in shareholders’ portfolios will be applied at the end of the second trading day following the date of the Extraordinary General Assembly in which it was decided to split the shares. - Amending Article (7) of the bylaws related to the company's capital. - Amendment of Article (8) of the Bylaws related to subscription to shares. 3. approval on amending the company's bylaws in line with the new companies' bylaws. |
| Additional Information | In case of any inquiries, please contact the IR Department via telephone 920000559 or 0114964444 Ext. 111 Or via email: IR@arabsea.com |
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 5.33
Net Change 0.0 (0.0%)
Value Traded (Sar) 1,223,883.85
Volume Traded 228,334
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