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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 means of modern technology.
| Element List | Explanation |
|---|---|
| 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 exactly 6:30 pm on Monday 08 Rabi al-Thani 1445H corresponding to 23 October 2023, from the Company's main headquarters in Jubail Industrial City, utilizing modern technology through the use of Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Through modern technology means (using Tadawulaty system) from the Company main headquarters in Jubail Industrial City |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-10-23 Corresponding to 1445-04-08 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting and the Shareholders are entitled to discuss the matters listed on the agenda of the General Assembly and ask any questions.as per Laws and Regulations. |
| Quorum for Convening the General Assembly's Meeting | The legal quorum for holding the Extraordinary general assembly is the presence of shareholders who represent at least half of the capital. If the quorum required to hold the meeting is not complete, 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 a number of shareholders representing at least a quarter of the capital. |
| General Assembly Meeting Agenda | 1. Voting on the amendment of the Company’s Bylaws in accordance with the new Companies Law, and rearranging and numbering the articles of the bylaws in alignment with the proposed amendments. (attached). 2. Voting on amending the company corporate governance charter (attached). 3. Voting on amending the audit committee charter (attached). 4. Voting on amending the Remuneration and Nominations Committee's charter (attached). 5. Voting on amending the policy, criteria and procedures for membership in the Board of Directors (attached). 6. Voting on amending the policy for remuneration of members of the Board of Directors, Board Committees and Executive Management (attached). 7. Voting on amending the dividend policy (attached). 8. Voting on the appointment of an external Auditor for the Company from among the candidates nominated based on the recommendation of Audit Committee to review and audit the quarterly and annual financial statements from the fiscal year 2024 AD until the first quarter of the year 2027 AD and determine his fees. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders can remotely vote on the General Assembly Meetings agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa Please note that registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Thursday, Rabi al-Thani 04, 1445H, corresponding to October 19, 2023, at 01:00 am the voting will end once the Extraordinary General Meeting ended. |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly's Meeting Ends upon the Convenience of the General Assembly's Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | 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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Last Price 49.65
Net Change 0.9 (+1.85%)
Value Traded (Sar) 37,777,651.55
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