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Al-Babtain Power and Telecommunication Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting through the modern technology means

Element ListExplanation
Introduction The Board Directors of Al Babtain power and telecommunication company is pleases to invite the shareholders to share and voting of ordinary assembly meeting ( first meeting) which will held at 06:30 PM on Wednesday 11.05.2022 through the modern technology means.
City and Location of the General Assembly's Meeting Corporate Office – Riyadh City through the modern technology means
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2022-05-11 Corresponding to 1443-10-10
Time of the General Assembly's Meeting 18:30
Attendance Eligibility Each shareholder who is registered in the company’s shareholders ’register at the Depository Center has the right to attend the meeting of the Assembly at the end of the trading session preceding the General Assembly meeting according to the rules and regulations
Quorum for Convening the General Assembly's Meeting The meeting of the ordinary general assembly will be valid if it is attended by shareholders representing at least 25% of the capital, and if the quorum required for holding the meeting is not available, the second meeting will be held an hour after the end of the period specified for holding the first meeting, and in all cases the second meeting is 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 on 31.12.2021

2- Voting on the auditor/s report on the Company’s accounts for the fiscal year ending on 31.12.2021

3- Voting on the financial statements for the fiscal year ending on 31.12.2021

4- Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review, and audit the (second and third) quarter and annual financial statements, of the fiscal year 2022 G., and the first quarter of the fiscal year 2023 G., and the determination of the auditor's remuneration.

5- Voting on absolve the members of the Board of Directors from liability for fiscal year ended 31.12.2021

6- Voting on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 71 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.

7- Voting on the transactions which held between the company and al Babtain contracting company where the following board members have indirect interest; Ibrahim Hamad Abdullah ABabtain, Abdulaziz Ibrahim Abdullah Al Babtain, Abdulkareem Hamad Abdullah Al Babtain, Khaled Mohammed Abdullah Abdulrahman ABabtain. This transaction is about sales, the value of these transactions of year 2021 are 3,1 million Saudi Riyals and not preferential terms.

8- Voting on the transactions which held between the company and al Babtain trading company where the following board members have indirect interest; Ibrahim Hamad Abdullah ABabtain, Abdulaziz Ibrahim Abdullah Al Babtain, Abdulkareem Hamad Abdullah Al Babtain, Khaled Mohammed Abdullah Abdulrahman ABabtain. This transaction is about purchasing, the value of these transactions of year 2021 are SR 100,000 and not preferential terms.

9- Voting on the transactions which held between the company and al Babtain Engineering company where the following board members have indirect interest; Ibrahim Hamad Abdullah ABabtain, Abdulaziz Ibrahim Abdullah Al Babtain, Abdulkareem Hamad Abdullah Al Babtain, Khaled Mohammed Abdullah Abdulrahman ABabtain. This transaction is about purchasing and finance, the value of these transactions of year 2021 are SR 200,000 and not preferential terms.

10- Voting to authorize the company board of directors to distribute interim dividends to its shareholders on a biannual or quarterly basis of fiscal year 2022

Proxy Form
E-Vote The electronic voting for the shareholders registered in the Tadawulati Services website will start remote voting on the assembly’s items starting at 10:00 am on Sunday 07/10/1443 AD corresponding to 08/05/2022 AD until the end of the assembly time. Registration and voting for Tadawulaty services will be available free of charge to all shareholders using the following link www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting The right to register to attend the assembly meeting ends at the time of the assembly meeting. The eligibility to vote on the assembly's items for the attendees ends when the counting committee finishes counting the votes.
Method of Communication Accordingly, the company hopes that all its shareholders will register in my deliberations to participate and vote remotely on the association’s items through the website. In case any inquiries related to the meeting schedule, we hope to communicate with the secretariat of the board of directors via [phone + 966112411222, ext. 4466, and mobile 0502156621, and e-mail yaseer-od@al-babtain.com.sa]
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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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