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Al Moammar Information Systems Company (MIS) announces the invitation of its shareholders to attend the extraordinary general assembly meeting that includes increasing the company's capital ( by issuing bonus shares to its shareholders ) (first meeting) by means of modern technology (remotely)

Element ListExplanation
Introduction The Board of Directors of Al-Moammar Information Systems Company (MIS) is pleased to invite the shareholders to attend the extraordinary general assembly meeting (the first meeting) that includes the capital increase (the first meeting), by means of modern technology using the system of trading, which is scheduled to be held by God Almighty’s will at the exact hour19:00 pm on 29/8/ 1442 AH, corresponding to 11/4/2021 AD.

And based on the Capital Market Authority’s circular stipulating that the assemblies of listed joint-stock companies are to be satisfied by means of modern technology remotely and suspend their contract in presence until further notice. This is in the interest of the safety of dealers in the financial market and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the new Coronavirus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent Spread it.

City and Location of the General Assembly's Meeting Through modern technology means from the company's headquarters in Riyadh - Al Sahafa district - Al Thumamah Road (by using only my trading system)
URL for the Meeting Location https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-04-11 Corresponding to 1442-08-29
Time of the General Assembly's Meeting 19:00
Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Edaa 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 meeting of the extraordinary general assembly shall be valid if it is attended by shareholders representing at least half of the capital, and if the quorum necessary for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid if attended by shareholders representing a quarter of the capital.
General Assembly Meeting Agenda First Clause: Voting on the Board’s recommendation to increase the Company’s capital by issuing bonus shares to its shareholders as follows :

A- The total amount of the increase: fifty million riyals.

B- The capital before the increase is 200 million riyals, and the capital after the increase becomes 250 million Saudi riyals, i.e. an increase of 25%.

C- The number of shares before the capital increase: - 20 million, and the number of shares after the increase will be 25 million shares

D - This recommendation aims to increase the capital to enhance the company's resources, which will contribute to achieving good growth rates in the coming years.

E- The rate of increase: one share for every four shares.

F- The increase will be made by capitalizing an amount of 50 million riyals from the reserve and retained earnings.

G- In the event of shares fractions, they will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the eligible shareholders, each according to his share, within a period not exceeding 30 days from the date of determining the due shares for each share.

H- The date of entitlement of the bonus shares to the shareholders of the company who owns the shares will be on the day of the extraordinary general assembly who are registered in the company’s shareholders ’register at the Securities Edaa Center Company ( Edaa Center ) at the end of the second trading day following the date of the extraordinary general assembly.

I- Amending Article No (7 )of the Company’s bylaws relating to capital. (Attached)

J- Amending Article No (8 ) of the Company’s bylaws relating to subscription in shares (attached)

The second item: - Voting on the amendment of Article No (18) of the Company’s bylaws relating to the number of members of the board of directors. (Attached )

Clause Three: Voting to approve the dividend policy for the years 2021, 2022 and 2023, (attached)

Fourth item: Voting on the amendment of Article No (3) of the Company’s bylaws relating to the Company’s objectives, as attached. (attached )

Proxy Form
E-Vote Shareholders registered in the Tadawul services will be able to vote remotely on the assembly’s items starting at 10 am on Thursday 8/4/2021 corresponding to 26/8/ 1442 AH, and until the end of the assembly time, and registration and voting in (Tadawul) services will be available and free for all Contributors using the following link

https://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 is an inquiry about the Extra Ordinary assembly agenda items, we hope to contact the Secretary of the Board of Directors, Mrs. Sarah Muhammad Al-Otaibi

You can also direct your inquiries to the Council Secretariat's e-mail via the company's e-mail

sara.alotaibi@mis.com.sa

Address: Al-Thumamah Road, Al-Sahafa District, Riyadh, Kingdom of Saudi Arabia info@mis.com.sa

Additional Information NONE

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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Last Price Net Change
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Value Traded (SAR) Volume Traded
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