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Edarat Communication and Information Technology Co.(EDARAT) Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Edarat Communications and Information Technology Company is pleased to invite the shareholders to participate and vote in the (ordinary) General Assembly Meeting (first meeting), which is scheduled to be held, God willing, at 20:00 pm on Thursday 14/10/1444 H - 04/05/2023 |
| City and Location of the General Assembly's Meeting | remotely (by means of modern technology) in the company’s headquarters - Riyadh, by using "Tadawulaty" system only |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-05-04 Corresponding to 1444-10-14 |
| Time of the General Assembly's Meeting | 20:00 |
| 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 as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | The General Assembly meeting shall be valid if attended by shareholders representing at least one-fourth of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held in one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | -Review and discuss the Board of Directors report for the fiscal year ending on 12/31/2022 AD. -Voting on the company's auditor's report for the fiscal year ending on 12/31/2022 AD. -Review and discuss the financial statements for the fiscal year ending on 12/31/2022. -Voting on the business and contracts concluded between the company and Al Moammar Information Systems Company (MIS) in which a member of the Board of Directors, Dr. Abdullah bin Ghazi Al-Ghamdi (non-executive member) has an indirect interest to include (services, distribution of profits, purchase of assets) for a total amount of (31,244,399) SAR. -Voting on business and contracts concluded between the company and (Edarat Lebanon) in which a member of the Board of Directors, Dr. Abdullah bin Ghazi Al-Ghamdi (non-executive member) has an indirect interest, and Mr. Adel Fouad Rizk (executive member) has a direct interest in it, and Mr. Eric Ernest Al-Badawi (executive member) has a direct interest in it, to include (services) for a total amount of (926,088) SAR. -Voting on the business and contracts concluded between the company and (Phoenicia International Technology) in which a member of the Board of Directors Dr. Abdullah bin Ghazi Al-Ghamdi (non-executive member) has an indirect interest in it and Mr. Adel Fouad Rizk (executive member) has a direct interest in it and Mr. Eric Ernest Al-Badawi (executive member) has a direct interest in it, to include (purchase of services) for a total amount of (3,587,747) SAR. -To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stated in the regulatory controls and procedures issued in the implementation of the Companies Law for listed joint stock companies. -To vote on the appointment of the external auditor from the shortlisted companies based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the (first, second, third and fourth) quarters of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD, and determine his fees. -To vote on disbursing an amount of (383,000)SAR as a reward for the members of the Board of Directors for the fiscal year ending on 12/31/2022. -Voting to give full discharge to the members of the Board of Directors for the fiscal year ending on 12/31/2022 AD. |
| Proxy Form |  |
| E-Vote | Shareholders, registered in Tadawulaty services, can vote electronically on the Assembly articles, starting at 1:00 a.m. on sunday 30-4-2023 AD, till the end of the Assembly time. Registration and voting on Tadawulaty services will be available free of charge to all shareholders through the following link:www.tadawulaty.com.sa. |
| 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 | For additional enquiries, please contact the Investor Relations Representative Mr. Mohammed Alnoaimi (0581822902). Emails can also be sent to the Investor Relations email (ir@edaratgroup.com). Address: Saudi Arabia, Riyadh - King Abdulaziz Road - Alyasmin District - (info@edaratgroup.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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Company Performance
Key Parameters
Last Price 350.8
Net Change 12.0 (+3.54%)
Value Traded (Sar) 2,484,714.6
Volume Traded 7,208
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