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Arabian United Float Glass Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting) Through modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arabian United Float Glass Co. is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which is scheduled to be held via modern technology, God willing, at exactly (19:30) on Tuesday, 12/21/1446 AH corresponding to 06/17/2025 AD. |
| City and Location of the General Assembly's Meeting | The company's main headquarters is located in Riyadh - Al-Rabee' District - Abu Bakr Al-Siddiq Branch Street, using modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-17 Corresponding to 1446-12-21 |
| 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 | The right to attend shall be for shareholders registered in the company’s shareholders’ register at the Depository Center at the end of the trading session preceding the general assembly meeting, in accordance with the rules and regulations. The right to register attendance at the general assembly meeting shall end at the time the general assembly meeting is held, and the right to vote on the general assembly’s items for those present shall end when the counting committee has finished counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (37) of the company’s articles of association, the extraordinary general assembly meeting shall not be valid unless it is attended by shareholders representing at least half of the company’s shares that have voting rights. If this quorum is not available at the first meeting, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting shall be considered valid if it is attended by a number of shareholders representing at least a quarter of the company’s shares that have voting rights. |
| General Assembly Meeting Agenda | 1- Vote on the company's auditor's report for the fiscal year ending December 31, 2024, after discussing it. 2- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024. 3- Review and discuss the company's financial statements for the fiscal year ending December 31, 2024. 4- Vote on discharging the members of the Board of Directors from their liabilities for the fiscal year ending December 31, 2024. 5- Vote on appointing the company's auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the interim financial statements for the second and third quarters of 2025, the annual financial statements for the fiscal year ending in 2025, and the first quarter of 2026, and determine their fees. 6- Vote on disbursing SAR 1,000,000 as remuneration to the members of the Board of Directors for the fiscal year ending December 31, 2024. 7- Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2025. 8- Voting on transferring the balance of the statutory reserve amounting to (26,310,998) Saudi Riyals as stated in the annual financial statements ending December 31, 2024 to the retained earnings balance. 9- Voting on the Board of Directors' recommendation to distribute cash dividends amounting to (17,003,851) seventeen million and three thousand eight hundred and fifty-one Saudi Riyals to shareholders for the fiscal year ending December 31, 2024, at a rate of (1) one Saudi Riyal per share, representing (10%) of the capital. The eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and are registered in the company's shareholders' register with the Securities Depository Center Company (the "Depository Center") at the end of the second trading day following the due date. The dividend distribution date shall begin within fifteen (15) business days from the date of the meeting. The entitlement to these profits is specified in the General Assembly resolution. 10- Voting on the transactions and contracts concluded between the Company and Al-Ayouni Investment and Contracting Company, in which both the Chairman of the Board of Directors (Mr. Abdulaziz Sulaiman Al-Hadith) and Board Member (Mr. Abdul Karim Hamad Al-Ayouni) have an indirect interest. These transactions are for the year 2024, with a duration of one year. The value of the transactions during 2024 was SAR 103,392, and the amount paid during 2024 was SAR 103,392. These transactions are conducted in the normal course of business, in accordance with prevailing commercial terms, and without any preferential conditions (attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the agenda of the Extraordinary General Assembly and to ask questions. Voting in the Tadawulaty services is available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items starting from 1:00 AM on Friday, 17/12/1446 AH corresponding to 13/06/2025 AD, until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive your inquiries by contacting Shareholder Relations via the following communication methods: Phone: +966143255444 Email: investors@aufgc.com |
| 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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