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Morabaha Marina Financing Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Morabaha Marina Financing Company (“mrna”) is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), scheduled to be held, God willing, through means of modern technology, at (19:30) on Sunday 29 Muharram 1446 AH corresponding to 4 August 2024 AD. |
| City and Location of the General Assembly's Meeting | through means of modern technology (remotely) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-08-04 Corresponding to 1446-01-29 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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 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 holding of the ordinary general assembly meeting shall not be valid unless attended by shareholders representing at least a quarter of the capital, and if the quorum is not available to hold this first meeting, the second meeting shall be held an hour after the end of the period specified for the first meeting. In all cases, the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Voting on the Board of Directors’ recommendation to distribute cash dividends in the amount of (24,437,819) Saudi riyals (twenty-four million four hundred and thirty-seven thousand, eight hundred and nineteen Saudi riyals) at the rate of (0.35) riyals (thirty-five halala) for each outstanding share, for The fiscal year ending on December 31, 2023, provided that shareholders are entitled to the shares at the end of the trading day on the day of the company’s general assembly and are registered in the company’s shareholder register at the Securities Depository Center at the end of the second trading day following the date of the general assembly. 2. Voting on the amendment of the Audit Committee Charter (attached). 3. Voting on the amendment of the Nominations and Remuneration Committee Charter (attached). 4. Vote on disbursing an amount of (1,010,000) riyals as a reward to members of the Board of Directors for the financial year ending on 12-31-2023 AD. |
| 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 topics on the assembly’s agenda and ask questions. Shareholders registered on the Tadawulaty electronic services website can vote remotely on the items of the Ordinary general assembly meeting through the (electronic voting) |
| Details of the electronic voting on the Assembly’s agenda | Registered shareholders in Tadawulaty services can electronically vote on the items of the General Assembly remotely, as of Wednesday, 1:00 am, 25/01/1446 AH corresponding to 31/07/2024 AD until the end of the time of General Assembly Meeting. In addition, registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, shareholders can communicate with the Shareholders Relations of the Company via the e-mail below: investors.relation@morabaha.com Or call the toll-free number: 8001111810, Ext. 1444 |
| 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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