Al-Jouf Agricultural Development Co. (JADCO) Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting through modern technology
|Introduction||The Board of Directors of Al-Jouf Agricultural Development Company (JADCO) is pleased to invite shareholders to participate and vote in the 34rd General Assembly Meeting (the first meeting) scheduled to be held at 18:30 p.m. on Wednesday 13-11-1442 Corresponding 23-06-2021 through modern technology using the tadawulaty system, in order to ensure the safety of shareholders and to support preventive efforts and precautions by the competent and relevant health authorities to face the new coronavirus and an extension of the continuous efforts made by all government agencies in Saudi Arabia in taking the necessary preventive measures To prevent its spread.|
|City and Location of the General Assembly's Meeting||using modern technology (remotely) from the company's headquarters in Skaka- Al-Jouf|
|URL for the Meeting Location||http://tadawulaty.com.sa|
|Date of the General Assembly's Meeting||2021-06-23 Corresponding to 1442-11-13|
|Time of the General Assembly's Meeting||18:30|
|Attendance Eligibility||Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations|
|Quorum for Convening the General Assembly's Meeting||According to Article (33) of the company's bylaws The General assembly meeting is valid if it is attended by shareholders representing at least 25% of the capital. If there is no quorum for this meeting, the second meeting will be held one hour after the expiry of the duration of the first meeting, and the second meeting shall be valid regardless of the number of shares represented in it.|
|General Assembly Meeting Agenda||1. Voting on the Board of Directors Report for the fiscal year ending 31/12/2020. (Attached) |
2. Voting on the Auditors Report on the Company’s account for the fiscal year ending 31/12/2020 (Attached)
3. Voting on the financial statements for the fiscal year ending 31/12/2020G. (Attached)
4. Voting on appointing the auditors for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review, and audit the quarterly financial statements (quarter 2, quarter 3, and annual financial statement of 2021 and the 1st quarter of 2022., and the determination of the auditors’ remuneration.
5 - Voting on releasing Board of Directors members from liability for the fiscal year ending 31st December 2020.
6 - Voting on the authorizing the Board of Directors to distribute interim dividends in a semiannual or quarterly manner for the fiscal year 2021,
7 - Voting on the appointment of (Mr. Khalid bin Mohammed bin Abdullah Al-Ali Al- Araifi Independent Board Member) as a member of the Audit Committee from the date of the assembly until the end of the current session period of the committee on 21-03-2024, instead of the previous member of the committee (Mr. Yasser Yehia Abdel Hamid - non-executive member). (CV Attached. Mr. Khalid Araifi)
8 - Voting on the appointment of (Mr. Ahmed bin Ibrahim bin Mohammed Hijan Independent Board Member) as a member of the Audit Committee from the date of the assembly until the end of the current session period of the committee on 21-03-2024, instead of the previous member of the committee (Mr. Mazroua bin Abdullah bin Hamad al-Mazroua - - Independent member). (CV Attached. Mr. Ahmed Hijan)
9 - Voting on the amendments of the Audit Committee work charter (attached)
10 - Voting on the amendments of the Nomination and Remuneration Committee work charter (attached)
11 - Voting on the amendments of the Executive committee work charter (attached)
12 - Voting on amending the remuneration policy for members of the Board of Directors, the subsidiary committees and the executive management (attached)
|E-Vote||The company assures to all of its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from Ten in the morning on Sunday 10-11-1442 corresponding to 20-06-2021 till the end of Convening time of the assembly, noting that registration and voting in Tadawulaty, is available free of charge to all shareholders using the following link (http://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 inquiries, please call 0501978910 - 0536670363 and you can forward your inquiries by emailing firstname.lastname@example.org - email@example.com|
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.