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The Board of Directors of Almasane Alkobra Mining Co. (AMAK) invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) by means of modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Almasane Alkobra Mining Company (AMAK) is pleased to invite the shareholders to participate and vote in the ordinary general assembly meeting (the first meeting), which is scheduled to be held at 6:30 on Thursday 10/11/1446 AH, corresponding to 08/05/2025 AD, through modern technology by using Tadawulaty system. |
| City and Location of the General Assembly's Meeting | From company headquarters, at Najran city by using modern technology means using Tadawulaty system only |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-05-08 Corresponding to 1446-11-10 |
| Time of the General Assembly’s Meeting | 18:30 |
| 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 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 meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a Quarter of the Company's capital, and if there is no quorum at the first meeting, the second meeting shall be held an hour after the expiration of the term of the first meeting. In any event, the second meeting shall be valid regardless of the number of shareholders represented therein. |
| General Assembly Meeting Agenda | 1-Reviewing and discussing the Board of Directors Annual Report for the fiscal year ending 31 December 2024. 2- Voting on the External Auditor’s Report for the year ending 31 December 2024 after discussing it. 3- Reviewing and discussing the Financial Statements for the fiscal year ending 31 December 2024. 4- Voting on releasing the Board of Directors members from their liability for the fiscal year ending 31 December 2024. 5- Voting on the appointment and determining fees of the external auditor for the Company from among the candidates on recommendation of the Audit Committee to examine, review, and audit the Company’s financial statements for the second, third quarters, and annual fiscal year of 2025 AD and the first quarter of fiscal year 2026. 6- Voting on the disbursement of (3,800,000) Three Million and Eight Hundred Thousand Saudi riyals as an annual remuneration to the members of the Board of Directors for the fiscal year ended 31/12/2024 AD. 7-Vote on the related transactions that will take place between the company and the Najran Water Ltd. Co. for the year 2025 AD , for one year to sell water, in which the member of the Board of Directors, Mr. Ibrahim A. bin Musallam and member of the Board of Directors, Mr. Majed A bin Musallam, have indirect interest on it, with same conditions and prices that Company follows with its other suppliers. The transactions for the year 2024 amounted SAR 84,145. 8-Voting on the business that took place between the Company and Najran Cement Company, in which the members of the Board of Directors, Mr. Majed Ali bin Musallam and Mr. Abdulsalam Abdullah Aldraibi, have direct interest in it for buying of cement where the value of the business during the year 2024 amounted to SR 281,993 , according to the prevailing commercial conditions. 9- Voting to delegate the Board of Directors with the authority of the General Assembly with the license mentioned in Section 1 of Article 27 of the Companies Law, for a one-year period effective upon the AGM approval date or up to the ending of the authorized Board term, whichever is earlier, in accordance with the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies. 10- To vote on authorizing the Board of Directors to distribute interim profits on a semi-annual or quarterly basis for the fiscal year 2025 AD. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics on the assembly’s agenda and direct their questions And the right to register attendance at the assembly meeting ends at the time of the assembly meeting. And the right to vote on the assembly’s items for the attendees ends when the counting committee finishes counting the votes. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on Tadawulaty services website can vote remotely on the assembly’s items starting from Sunday 01:00 AM, 06/11/1446 AH corresponding to 04/05/2025 AD until the end of the time of the assembly. We invite all the shareholders to participate and vote online through Tadawulaty website www.tadawulaty.com.sa Note that registration and voting are available in Tadawulaty services free for all shareholders |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, we hope to contact the Investor Relations Department at Phone: 009660122162699 , Ext. (108)/ (102) Or Almasane Alkobra Mining Co. (AMAK) – Investors Relations – PO BOX 46 Najran 55461 , Or through Email: ir@amak.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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