Arabian Contracting Services Co. announces to Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First meeting) via modern technology means.
|Introduction ||The Board of Directors of Arabian Contracting Services Co. is pleased to invite the Company’s shareholders to attend the Ordinary General Assembly Meeting (First Meeting) on Tuesday 18:30 PM, in 04-10-2022 corresponding to 08-03-1444 via modern technology means provided by Tadawulaty. |
|City and Location of the General Assembly's Meeting ||Through modern technology means from the Company’s office in Riyadh (using Tadawulaty system). |
|URL for the Meeting Location ||https://www.tadawulaty.com.sa |
|Date of the General Assembly's Meeting ||2022-10-04 Corresponding to 1444-03-08 |
|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 assembly meeting is valid if it is attended by shareholders representing at least quarter of the capital. |
|General Assembly Meeting Agenda ||1- Voting on the recommendation of the Board of Directors to distribute cash dividends to the Shareholders for the first half of the year 2022 with total amount of SAR 95,000,000 at SAR 1.90 per share, which represent 19 % of the par value; where the eligibility will be to the shareholders owning shares on the ordinary general meeting date, and those whose registered in the company’s share registry at the depository center at the end of the second trading day following the due date. The date of dividends distribution will be on Wednesday 19 October 2022. |
2- Voting on delegating the Board of Directors to distribute cash dividends quarterly / semi-annually for the fiscal year 2022.
3- Voting on Corporate Social Responsibility Policy for the Arabian Contracting Services Co.(Attached)
4- Voting on amending the Policies, Standards, and Procedures For Board Membership of the Arabian Contracting Services Co. (Attached)
5- Voting on amending Remuneration Policy for the board of directors, its committee, and the executive management of the Arabian Contracting Services Co.(Attached)
|Proxy Form || |
|E-Vote ||Shareholders registered in Tadawulaty Services can vote electronically on the agenda items of the Assembly, electronically, starting from 01:00 am on Friday 30/09/2022 corresponding to 04/03/1444 until the end of the ordinary general assembly meeting. |
Registration and voting in my trading services will be available and free of charge to all shareholders using 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 ||If there are any enquiries regarding the General Assembly agenda, please contact the Investor Relations Department at: |
|Additional Information ||A SMS will be sent to each shareholder who is registered in the Company at the Securities Depository Center. |
|Attached Documents|| |
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.