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The International Company for Human Resources invites its shareholders to attend the ordinary general assembly meeting (first meeting) via modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the International Company for Human Resources is pleased to invite the company’s shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) on ​​Wednesday 12/20/1445 AH corresponding to 06/26/2024 AD at exactly (7:20) pm through modern technology means. At the company’s headquarters in Riyadh using the Tadawulaty system through the following link: (www.tadawulaty.com.sa), to discuss the agenda (attached). |
| City and Location of the General Assembly's Meeting | The companys main center is in Riyadh - using modern technology |
| 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 | 19:20 |
| 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 quorum for the Ordinary General Assembly is the presence of shareholders representing at least (50%) of the company’s capital. If this quorum is not present at the first meeting, the second meeting will be held one hour after the expiry of the time limit specified for holding the first meeting, and the second meeting will be valid regardless. The number of shares with voting rights represented in it. |
| General Assembly Meeting Agenda | 1- Reviewing the Board of Directors’ report for the financial year ending on 12/31/2023 AD and discussing it. 2- Vote on the company’s auditor’s report for the financial year ending on 12/31/2023 AD after discussing it. 3- Review the financial statements for the fiscal year ending on 12/31/2023 AD and discuss them. 4- Voting to discharge the members of the Board of Directors from their liabilities for the fiscal year ending on 12/31/2023. 5- Vote on disbursing an amount of 420,000 as a reward to members of the Board of Directors for the financial year ending on 12/31/2023 AD. 6- Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2024 AD and determine his fees. 7- Voting on the business and contracts concluded between the company and the Fastest Thing Trading Company, in which the member of the Board of Directors, Mr. Ali bin Ammar Al-Harbi and Mr. Falah bin Ammar Al-Harbi, have an indirect interest, and they are regular transactions that take place between the company and its clients in accordance with the company’s policies and without any conditions. Preferential, which is human resources, financial and logistical services for one year for the year 2023 AD, and the transaction value was 983,466 Saudi riyals. 8- Voting on the business and contracts concluded between the company and Ma’wad Financial Company, in which the member of the Board of Directors, Ali bin Ammar Al-Harbi and Mr. Falah bin Ammar Al-Harbi, have an indirect interest, and they are ordinary transactions that take place between the company and its clients in accordance with the company’s policies and without any preferential conditions, which are It consists of human, financial and logistical resources services for one year for the year 2023 AD, and the transaction value was 447,378 Saudi riyals. 9- Voting on the business and contracts that were concluded between the company and Yaneh Al-Ward Trading Establishment, in which the member of the Board of Directors/ Ali bin Ammar Al-Harbi has a direct interest, and Mr. Falah bin Ammar Al-Harbi has an indirect interest in them, and they are ordinary transactions that take place between the company and its clients in accordance with the company’s policies and without Any preferential terms, which are human resources, financial and logistical services for one year for the year 2023 AD, and the transaction value was 31,000 Saudi riyals. 10- Voting on the business and contracts concluded between the company and the Intelligence Standard Company for Information Technology, in which the member of the Board of Directors, Ali bin Ammar Al-Harbi, has an indirect interest, and Mr. Falah bin Ammar Al-Harbi has an indirect interest in them, and they are ordinary transactions that take place between the company and its clients in accordance with policies. The company, without any preferential conditions, provides human resources, financial, and logistical services for one year for the year 2023 AD, and the transaction value was 1,000,000 Saudi riyals. 11- Voting on the business and contracts concluded between the company and United Aircraft Maintenance Company, in which the member of the Board of Directors, Ali bin Ammar Al-Harbi, has an indirect interest, and Mr. Falah bin Ammar Al-Harbi has an indirect interest in them, and they are normal transactions that take place between the company and its clients in accordance with the company’s policies. Without any preferential conditions, it consists of human, financial and logistical resources services for a period of one year for the year 2023 AD, and the transaction value was 2,800,000 Saudi riyals. 12-Voting on the Board of Directors’ recommendation to distribute cash dividends to shareholders in a total amount of (1,250,000) Saudi riyals on (50,000,000) shares for the financial year ending on December 31, 2023 AD, at (0.025) Saudi riyals per share, which represents (5%) of the value Nominal arrow. The eligibility for cash dividends will be for the company’s shareholders registered with the Securities Depository Center Company (Depository Center) at the end of the second trading day from the day of the company’s general assembly, and the date of dividend distribution will be determined later after the company’s general assembly approves this recommendation. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholders present have the right to discuss the topics on the agenda and ask questions. Shareholders registered in Tadawulaty services can vote electronically remotely on the association’s articles via the following link: https://login.tadawulaty.com.sa/ir/user/login.xhtml |
| Details of the electronic voting on the Assembly’s agenda | Honorable shareholders registered in Tadawulati services will be able to vote electronically remotely on the assembly’s agenda, starting at one o’clock in the morning on Saturday 15-12-1445 AH, corresponding to 22-06-2024 AD, until the end of the assembly’s meeting time, noting that registration and voting in Tadawulati services is available free of charge to all. Contributors using https://login.tadawulaty.com.sa/ir/user/login.xhtml |
| Method of Communication in Case of Any Enquiries | If you have any inquiries, we hope to contact you Shareholder Relations investorrelations@ihr.sa Inquiries must be sent including the ID number You can call the following number: (920000414) ext. 222-666 or on WhatsApp number 0500481131 The company calls on all valued shareholders to update their bank statements to ensure that the cash dividends due are deposited directly into their accounts. |
| Additional Information | The company also draws the attention of non-resident foreign shareholders to the fact that the cash distributions that are transferred through the resident financial intermediary are subject, when transferred or recorded in the account, to a withholding tax of 5% in accordance with the provisions of Article (68) of the tax system and Article (63) of its regulations. Executive. If there are any questions related to the distribution of profits, please contact the Shareholder Relations Department via email: investorrelations@ihr.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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Company Performance
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Last Price 6.43
Net Change 0.0 (0.0%)
Value Traded (Sar) 4,995.93
Volume Traded 818
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