Saudi Vitrified Clay Pipes Co. announces to Invites its Shareholders to Attend the ( First Meeting ) through modern technology means
|Introduction||Saudi Vitrified Clay Pipe Co.’s Board of Directors is pleased to invite its shareholders to participate in the Ordinary General Assembly Meeting (EGM) (the first meeting) which will be held virtually through the contemporary technology means on Monday 12/09/1443 Corresponding to 13/04/2022 at 21:45 hr. Please note that in light of and in support of government efforts to prevent the spread of the Coronavirus (COVID-19), in the Kingdom of Saudi Arabia, the voting on the agenda items of the Meeting will be processed electronically solely through Tadawulaty|
|City and Location of the General Assembly's Meeting||Through modern technology means from company headquarter in Aqaria Siteen – Al Malaz – Riyadh (using Tadawulaty system)|
|URL for the Meeting Location||www.tadawulaty.com.sa|
|Date of the General Assembly's Meeting||2022-04-13 Corresponding to 1443-09-12|
|Time of the General Assembly's Meeting||21:45|
|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||Quorum for Convening the Ordinary General Assembly's Meeting is the presence of shareholders representing at least one-fourth of the Company’s share capital, and If the quorum required to hold this meeting is not achieved, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of number of the Company’s share capital attend|
|General Assembly Meeting Agenda||1. Voting on the Board of Directors' report for the fiscal year ending on 31/12/2021 G. |
2. Voting on the financial statements for the fiscal year ending on 31/12/2021 G.
3. Voting on the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2021 G.
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 delegating the Board of Directors to distribute interim dividends on a biannual and quarterly basis for the fiscal year 2022 G.
6.To vote on the Board of Directors ’recommendation to appoint Mr.Suliman Ali Aldakheel as (independent) member of the Board of Directors to complete the Board’s term from the date of his appointment on 26/12/2021 until the end of the current term on 17/10/2023 to succeed the resigning member Dr Dr. Mulhim Hamad Ali Al-Mulhim (independent) (CV attached).
|E-Vote||The shareholders may vote remotely on the Ordinary General Assembly Meeting’s agenda (via E-voting service) through the Tadawulaty website www.tadawulaty.com.sa. The remote voting will begin at 10:00 a.m. on saturday 08/09/1443 Corresponding to 09/04/2022 and the voting will end once the Ordinary General Meeting conclude |
|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 Inquires about General Assembly Meeting Agenda, pls Contact: |
Tel: 0114769192 , Fax: 0114782458
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