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The Power and Water Utility Company for Jubail and Yanbu Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| 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 Ordinary General Assembly meeting (First Meeting), which is scheduled to be held, at 7:00 pm on Thursday, 19 Shawwal 1446 corresponding to 17 April 2025, 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 from the Company’s office in Jubail Industrial City (using Tadawulaty system) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-04-17 Corresponding to 1446-10-19 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The eligibility to attend the meeting is for shareholders registered in the Company share registry at the Depository Center as of the end of trading prior to the meeting day, and as per the rules and regulations. The shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions. The eligibility for registering the attendance of the General Assembly’s Meeting ends upon the conduction of the General Assembly’s Meeting. The eligibility for voting on the Meeting Agenda ends upon the concluding counting committee sorting the votes. |
| Quorum for Convening the General Assembly's Meeting | The legal quorum for holding the Ordinary 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 holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. Voting on External Auditor Report for the fiscal year ended on 31 December 2024 after discussing it. (Attached) 2. Review and discuss on the Financial Statements for the fiscal year ended on 31 December 2024. 3. Review and discuss on the Board of Directors Report for the fiscal year ended on 31 December 2024. 4. Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2024. 5. Voting for election of the Board members from among the candidates for the next term, commencing from dated 20/04/2025 for a term of four years, ending on 19/04/2029. (Candidates' CVs are attached). 6. Voting on the amendment of Article 9 of the Nomination and Remuneration Committee Charter (Attached) 7. Voting on the delegation of the Board of Directors to distribute interim (semi-annual) dividends for the fiscal year 2025. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions and vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty by visiting the website www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa, the registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Sunday, 15 Shawwal,1446, corresponding to 13 April 2025, at 01:00 am and the voting will end once the ordinary General Meeting ends. |
| Method of Communication in Case of Any Enquiries | If there are any inquiries regarding the General Assembly agenda or any other inquiries, please contact Investor Relations at: Tel: 0133429469 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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