IssuerAnnouncementDetailsV2Portlet
Actions
Saudi Cable Company invites its Shareholders to attend an Ordinary General Assembly (first meeting) in person and through methods of modern technology.
| Element List | Explanation |
|---|---|
| Introduction | Saudi Cable Company's Board of Directors is pleased to invite the valued shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) scheduled to be held at20:30 pm, on Wednesday 20/12/1445H corresponding to 26/06/2024, in person at the Company headquarter and through methods of modern technology using Tadawulati |
| City and Location of the General Assembly's Meeting | In person at the Company's main headquarters in Jeddah, Industrial City, and via modern technology means. https://goo.gl/maps/aBeY3BzqWYGusNZK9 |
| 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 | 20:30 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Attendance eligibility to each Shareholder registered in the Company's shareholder registry at EDAA is entitled to attend at the end of the trading session preceding the meeting. And eligibility for Attendance Registration and Voting ends upon the convenience of the General Assembly’s Meeting, the shareholder has the right to delegate whomever he chooses from among the non-members of the company's board of directors. The shareholder has the right to discuss the Ordinary General Meeting’s agenda and ask questions. Eligibility for voting on the Meeting Agenda ends upon the Counting Committee concludes counting the votes, using the following link: https://login.tadawulaty.com.sa/ir/user/login.xhtml |
| Quorum for Convening the General Assembly's Meeting | According to article (29) of company’s bylaw, the holding of the ordinary general assembly meeting shall not be valid unless attended by shareholders representing at least a quarter of the capital, and if the quorum is not available to hold this first meeting, the second meeting shall be held an hour after the end of the period specified for the first meeting. In all cases, the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Review and discuss the Board of Directors’ report for the financial year ending on 31/12/2023. 2. Review and discuss the financial statements for the fiscal year ending on 31/12/2023. 3. Vote on the company’s auditor’s report for the financial year ending31/12/2023 after discussing it. 4. Vote on the Board of Directors’ decision to appoint Eng. Abdullah bin Odeh Al-Ghubain as an independent member of the Board of Directors, starting from the date of his appointment,13/04/2024 AD, to complete the Board’s session until the end of the current session on 03/04/2027 AD, to succeed the resigned member, Engineer/ Abdul Aziz Saleh Aba. Al-Khail (independent member). (CV attached) 5. Voting on the Board of Directors’ decision to appoint Engineer Badran bin Hamoud Al Badran as a Non-Executive member of the Board of Directors, starting from the date of his appointment 28/04/2024 AD, to complete the Board’s session until the end of the current session on 03/04/2027 AD, to succeed the resigned member, Mr. Saleh Bin Abd. Allah Al-Shathri (Independent Member). (CV attached) 6. Vote on the removal of Board Member Mr. Ziyad bin Abdul Latif Al-Barrak at the request of shareholders representing more than 10% of the company’s capital. (attached) 7. Vote on filing a liability lawsuit against Board Member Mr. Ziyad bin Abdul Latif Al-Barrak based on the request of shareholders representing more than 10% of the company’s capital and authorizing the company’s executive management to take the necessary legal and regulatory measures in this regard. (attached) 8. Vote on the removal of Board Member Mr. Nael bin Samir Fayez at the request of shareholders representing more than 10% of the company’s capital. (attached) 9. Vote on filing a liability lawsuit against Board Member Mr. Nael bin Samir Fayez based on the request of shareholders representing more than 10% of the company’s capital and authorizing the company’s executive management to take the necessary legal and regulatory measures in this regard. (attached) 10. Vote for the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is for examining, reviewing, and auditing the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of the fiscal year 2025, and determining its fees. (attached) 11. Vote on the Remuneration Policy for Members of the Board of Directors and Members of its Committees’ and the Executive Management. (attached) 12. Vote on amending Working Regulation of the Audit Committee. (attached) 13. Vote on amending the Board Membership's Policies, Standards, Procedures and Controls. (attached) 14. Vote on amending Social Responsibility Policy. (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the Ordinary General Meeting’s agenda and ask questions. The shareholders registered in the Tadawulaty services will be able to vote remotely on the items of the Assembly starting at 01:00 am on Saturday 16/12/1445 corresponding 22/06/2024, until the end of the time of the assembly, and eligibility for voting on the Meeting Agenda ends upon the Counting Committee concludes counting the votes, and registration and voting in the trading services will be available and free for all shareholders using the following link: https://login.tadawulaty.com.sa/ir/user/login.xhtml |
| Details of the electronic voting on the Assembly’s agenda | The shareholders registered in the Tadawulaty services will be able to vote remotely on the items of the Assembly starting at 01:00 am on Saturday 16/12/1445 corresponding 22/06/2024, until the end of the time of the assembly, and registration and voting in the trading services will be available and free for all shareholders using the following link: https://login.tadawulaty.com.sa/ir/user/login.xhtml |
| Method of Communication in Case of Any Enquiries | For any further inquiries, please, Contact: Investor Relations Department via phone No. (012) 6087500, or email: (Investor.Relations@saudicable.com). |
| Additional Information | The shareholder has the right to authorize another person to attend under written power of attorney, provided that the agent is not a member of the Board of Directors or an employee of the Company, and is certified by chambers of commerce when the shareholder is affiliated with one of them or if the shareholder is a company or corporate institution, a licensed bank or licensed persons in the Kingdom provided that the agent has an account with the bank or licensee who certifies, writes justice or authorized persons for authentication. The shareholder or his/her agent shall provide the Company with a copy of the power of attorney at least two days prior to the meeting of the Assembly and send it to (Investor.Relations@saudicable.com). The agent must present the original power of attorney before the Assembly, and all shareholders/agents must bring the identification. |
| 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.
Share
Company Performance
Key Parameters
Last Price 125.6
Net Change 0.0 (0.0%)
Value Traded (Sar) 6,065,883.6
Volume Traded 47,934
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions