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Watani Iron Steel Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Watani Iron and Steel Company is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting) via modern technology using the Tadawulati system, God willing, at exactly 8:00 PM on Wednesday, 03/25/1447 corresponding to 09/17/2025 AD. |
| City and Location of the General Assembly's Meeting | Company headquarters - Riyadh - Old Kharj Road - Hit District (via modern technology) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-09-17 Corresponding to 1447-03-25 |
| Time of the General Assembly’s Meeting | 20:00 |
| 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 if attended by shareholders representing at least half of the company’s capital. |
| General Assembly Meeting Agenda | 1) Vote on amending the Audit Committee's bylaws (attached). 2) Vote on amending the Nominations and Remuneration Committee's bylaws (attached). 3) Vote on the Competition Standards Policy (attached). 4) "Vote on appointing the company's auditor from among the candidates, based on the Audit Committee's recommendation, to examine, review, and audit the financial statements for the first, second, and third quarters, the annual financial statements for the fiscal year 2026, and the first quarter of 2027, and determine their fees (attached)." |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The right of those present to vote on the general assembly’s agenda ends when the vote counting committee completes. Shareholders have the right to discuss the topics included on the general assembly’s agenda and to ask questions. Shareholders registered with Tadawulaty services may vote electronically remotely on the general assembly’s agenda using the following link: www.tadawulaty.com.sa. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote remotely on the general assembly's agenda starting at 1:00 AM on Saturday, September 13, 2025, and continuing until the end of the general assembly meeting. Registration and voting in Tadawulaty services will be available and free to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any questions about the general assembly's agenda, please contact the Shareholder Relations Department directly at 0112524477 (during official business hours) or email at yalmarzooq@watanisteel.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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Last Price 2.02
Net Change 0.0 (0.0%)
Value Traded (Sar) 2,181.6
Volume Traded 1,080
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