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Red Sea International Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Red Sea International Company is pleased to invite the shareholders to attend and vote in the Ordinary General Assembly Meeting (First Meeting),which is scheduled to take place at 06:40 PM on Wednesday 29/12/1446 corresponding to 25/06/2025, through the use of modern communication technologies. |
| City and Location of the General Assembly's Meeting | Through the use of Modern Technology from the Company's Headquarter in Riyadh |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-25 Corresponding to 1446-12-29 |
| Time of the General Assembly’s Meeting | 18:40 |
| 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 Ordinary General Assembly Meeting shall be valid once shareholders representing at least one-quarter of the share capital is present in the meeting. If the quorum required for the first meeting is not met, a second meeting will be held one hour after the expiration of the time allocated for the convention of the first meeting. The second meeting will be considered valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | 1- Review on the Board of Directors report for the Financial Year ended on 31 December 2024 and discuss (attached(. 2- Vote on the Independent Auditor Report for the Financial Year ended 31 December 2024 after discussion (attached( . 3- Review the Financial Statements for the Financial Year ending on 31 December 2024 and discuss (attached (. 4- Vote on the appointment of the company’s External Auditor from among the candidates nominated based on the recommendation of the Audit Committee, to review and audit financial statements for the second quarter, third quarter, fourth quarter, and the annual for the financial year 2025, in addition to the first quarter of the financial year 2026 and determine its fees. 5- Vote on the payment of SAR 2,984,869 as remuneration to Board Members for the Financial The year ended on 31 December 2024. 6- Vote on delegating the Ordinary General Assembly’s powers to the Board of Directors as stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year from the General Assembly’s approval, or until the end of the Board of Directors’ term whichever is earlier, in accordance with the terms stated in the Regulatory Rules and Procedures issued pursuant to the Companies Law related to listed joint-stock companies . 7- Voting on releasing the members of the Board of Directors from liability for the fiscal year ended on December 31, 2024 . |
| 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 items stated in the meeting Agenda, and to direct questions and all Shareholders registered on Tadawulaty website has the right to vote on the meeting Agenda Items (electronic voting) through the link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Registered shareholders on Tadawulaty may electronically vote on the agenda items starting from 01:00 am, Saturday , 21/06/2025, corresponding to 25/12/1446 and until the General Assembly Meeting adjourns. Registration and voting shall be available free of charge for all shareholders through Tadawulaty services by using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiries, you can communicate with Shareholder Relations through: Phone: 0115206767 Email: compliance@redseaintl.com |
| Additional Information | Non |
| 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 45.5
Net Change -1.02 (-2.19%)
Value Traded (Sar) 15,641,331.98
Volume Traded 338,922
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