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National Gas and Industrialization Co. announces to Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) via modern technology

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Introduction The Board of Directors of the National Gas and Industrialization Company (GASCO) is pleased to invite the shareholders to attend the Ordinary General Assembly meeting (First Meeting) and its second meeting, an hour after the first meeting, which is scheduled to be held on Tuesday 05/11/1442 H, corresponding to 15/06/2021 G at 07:30 p.m. via modern technology provided by Tadawulaty as a part of our concern for the safety of the Stock Exchange Market’s customers, and in line with supporting the preventive and precautionary efforts made by relevant authorities to address the Coronavirus (COVID-19) Pandemic, and further ongoing efforts made by all government agencies in the Kingdom to take the necessary preventive measures to prevent its outbreak
City and Location of the General Assembly's Meeting GASCO HQ, Riyadh – (Remotely via modern technology)
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-06-15 Corresponding to 1442-11-05
Time of the General Assembly's Meeting 19:30
Attendance Eligibility At the end of the trading session preceding the Assembly meeting, shareholders registered in the Company’s Shareholder Registry within the Securities Depository Center Company (“Edaa”) are eligible to record electronic attendance and vote using Tadawulaty at the Assembly meeting as per the laws and regulations.
Quorum for Convening the General Assembly's Meeting For this Assembly meeting validity, the attendance of shareholders representing at least a quarter of the Company's capital is required. If the quorum required for holding the meeting is not available, the second meeting will be held one hour after the end of the period specified for the meeting. In addition, the second meeting is valid regardless of the number of shares represented.
General Assembly Meeting Agenda 1- Voting on the Annual Report of Board of Directors for the fiscal year ended on December 31, 2020.

2- Voting on the Auditor’s Report for the fiscal year ended on December 31, 2020.

3- Voting on the Financial Statements for the fiscal year ended on December 31, 2020

4- Voting on the Report of Directors’ Liability Discharge for the fiscal year ended on December 31, 2020.

5- Voting on the disbursement of remunerations amounting to (SAR 3,275,153), for the Board Directors for the fiscal year ended on December 31, 2020.

6- Voting on the assignment and determination of the fees of an auditor, from among the nominees, based on the recommendation of the Audit Committee, in order to examine, review and audit the annual financial statements of Q2, Q3, and Q4 for the fiscal year 2021, as well as Q1 for the fiscal year 2022.

7- Voting on the authorization of the Board of Directors to distribute dividends biannually or quarterly for the fiscal year 2021, in addition to scheduling the due dates and distribution as per the Regulatory Rules and Procedures issued pursuant to the Companies Law, and in proportion with the financial position, cash flows, expansion and investment plans of the company.

8- Voting on the authorization of the Board of Directors to act in the capacity of the ordinary General Assembly, based on the license stipulated in Paragraph (1) of Article (71) of Companies Law, for one year, as of the date of the General Assembly approval or until the end of the authorized Board session, whichever is earlier. This is to be proceeded as per the terms stipulated by the Regulatory Rules and Procedures issued pursuant to the Companies Law for the Listed Companies.

9- Voting on the Board’s Recommendation on the distribution of cash dividends for the fiscal year 2020, by an amount of (SAR 0,5) per share, representing (5%) of the nominal value per share, in a total of (SAR 37, 500,000), representing (5 %) of the capital; provided, however, that the priority shall be given to the shareholders who have shareholdings until the end of the day of convening the General Assembly and who are registered in the company’s register of shareholders at Securities Depository Center Company (“Edaa”) on the second day of trading, following the due date. Nonetheless, the dividends distribution date will be announced later.

Proxy Form
E-Vote Shareholders registered in Tadawulaty Services are entitled to vote on the items of the General Assembly meeting agenda online starting from 03/11/1442 H corresponding to 13/06/2021 at 10 a.m. until the end of the Assembly meeting.

Note that registration and voting are available in Tadawulaty Services free for all shareholders through the following link www.tadawulaty.com.sa

Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes.
Method of Communication For any inquiry, please don’t hesitate to contact

Phone: 0112508417

E-mail: Investors@gasco.com.sa

Attached Documents  

The Capital Market Authority and the Saudi Stock 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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