AnnouncementDetails

Actions

Saudi Telecom Company (stc) announces the results of the Ordinary General Assembly meeting (first meeting and the second meeting to be held one hour after the first meeting).

Element ListExplanation
Introduction stc is delighted to announce the results of the Ordinary General Assembly meeting.
City and Location of the General Assembly's Meeting The Assembly meeting was held remotely through modern technology.
Date of the General Assembly's Meeting 2021-11-30 Corresponding to 1443-04-25
Time of the General Assembly's Meeting 19:30
Percentage of Attending Shareholders 84.14
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1. HRH Prince Mohammed K. A. Al-Faisal (Chairman of the Board)

2. H.E. Dr. Khaled H. Biyari (Member)

3. H.E. Mr. Mohammed T. Alnahhas (Member)

4. Mr. Yazeed A. AL-Humied (Vice Chairman)

5. Ms. Rania M. Nashar (Member)

6. Ms. Sarah J. AL-Suhaimi (Member)

7. Mr. Jameel A. AlMulhem (Member)

8. Mr. Waleed I. Shukri (Member)

9. Mr. Ahmed M. Alomran (Member)

Members of the Board of Directors Mr. Arndt Rautenberg and Mr. Sanjay Kapoor apologized for not being able to attend.

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1. HRH Prince Mohammed K. A. Al-Faisal (Chairman of the Board, the Executive Committee, and the Investment Committee)

2. Mr. Jameel A. AlMulhem (Member of the Board and Chairman of the Nomination and Remuneration Committee).

3. Ms. Rania M. Nashar (Member of the Board and Chairperson of the Risk Committee).

4. Mr. Waleed I. Shukri (Member of the Board and Chairman of the Audit Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approve stc dividends policy for the next three years starting from the fourth quarter of 2021.

2. Approve the Company’s entry and execution of the Bookrunners Agreement.

3. Approve authorizing the Company’s Board of Directors, or any person delegated by the Board of Directors to approve the terms and conditions of the Bookrunners Agreement and any other related agreements, applications, documents instruments relating to the Secondary Offering including the offering document (prospectus); and execute such agreements and documentation and negotiate the same; and to carry out all other actions to execute the Secondary Offering.

4. Approve ratifying all previous actions carried out by the Company’s Board of Directors in relation to the Secondary Offering including preparatory work carried out with the Public Investment Fund in relation to the Secondary Offering and appointment of the relevant advisors.

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
116.0 2.0 (+1.75%)
Value Traded (SAR) Volume Traded
227,273,178.2 1,973,254