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Emaar The Economic City announces to Invites its Shareholders to Attend the Ordinary General Assembly Meeting ( First Meeting) through means of modern technology

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Introduction The Board of Directors of Emaar the Economic City is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) which will be held at 06:30 pm on Wednesday 30/06/2021G, corresponding to 20/11/1442H at in EEC's through means of modern technology. This is in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly's Meeting EEC's headquarter in KAEC - Rabigh through modern technology
URL for the Meeting Location https://www.tadawulaty.com.sa

Date of the General Assembly's Meeting 2021-06-30 Corresponding to 1442-11-20
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 The Ordinary General Meeting shall be valid only if attended by shareholders representing at least half of the Share Capital. If there is no quorum for this meeting, a second meeting shall be held one hour after the end of the duration of the first meeting, the second meeting shall be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda 1. Voting on the report of the Board of Directors for the fiscal year ended 31/12/2020 (attached)

2. Voting on the consolidated financial statements for the fiscal year ended 31/12/2020 (attached)

3. Voting on the Company's auditor's report for the fiscal year ended 31/12/2020 (attached)

4. Voting on appointment of the Company's external auditor from among the nominees recommended by the Audit Committee, to review and audit the financial statements for the Q2, Q3, and the annual fiscal year 2021, and Q1 2022 along with determining their fees.

5. Voting on the Board of Directors' resolution to appoint (Mr. Hani Othman Ba Othman) as a non-executive board member starting from the date of his appointment on 18/02/2021 until the end of the current board term on 25/09/2023, succeeding the former board member (Mr. Ahmed Thani Al Matrooshi - Non-Executive Member). (CV attached).

6. Voting on the Board of Directors' resolution to appoint (Mr. Osama Omar Barayan) as a member of the Audit Committee, starting from 26/09/2020 until the end of the current committee’s term on 23-04-2023, succeeding the former committee member (Mr. Khalid bin Abdullah Al Melhem), provided that the appointment shall take effect as of the date of the decision issued on 10/08/2020. This appointment is in accordance with the charter of the Audit Committee. (CV attached).

7. Voting on the Board of Directors’ resolution to appoint (Mr. Mazen Nasser Al-Sharfan - a member from outside the Board) as a member of the Audit Committee, starting from 26/01/2021 until the end of the current committee’s term on 23/04/2023, succeeding the former committee member (Mr. Alaa Shakib Al-Jabri - a member from outside the board), provided that the appointment shall take effect from the date of the decision issued on 26/01/2023. This appointment is in accordance with the charter of the Audit Committee. (CV attached)

8. Voting on the Board of Directors’ resolution to appoint (Mr. Abdul Majeed Sulaiman Al-Dakhil - a member from outside the Board) as a member of the Audit Committee, starting from 26/01/2021 until the end of the current committee’s term on 23/04/2023, succeeding the former committee member (Mr. Abdullah Suleiman Al-Howaish - Non-Executive Member), provided that the appointment shall take effect from the date of the decision issued on 26/01/2023. This appointment is in accordance with the charter of the Audit Committee. (CV attached)

9. Voting on the updated audit committee’s charter (Attached).

10. Voting on the updated Nomination and Remuneration committee’s charter (Attached).

11. Voting for paying (4,105,738) Saudi riyals as remunerations for the board of directors’ members for the fiscal year ending on 31/12/2020.

12. Voting on the discharge of the Board of Directors from the liability for their activities for the year ending on 31/12/2020.

Proxy Form
E-Vote Please note that the shareholders are able to electronically vote on agenda items through the services of Tadawulaty starting from Saturday 26/06/2021 corresponding to 15/11/1442H at 10:00 a.m. until the end of the ordinary General Assembly meeting, and the electronic voting mechanism is available with no cost 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 In the event of an inquiry or questions regarding the meeting schedule, we hope to contact the Shareholders Relations Department by phone 0125106872 or by fax number 0125106903 or via e-mail sha@kaec.net. Shareholders will be able to direct their questions through these means during the assembly starting at seven in the evening.
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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