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Obeikan Glass Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

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Introduction The Board of Directors of Obeikan Glass Company is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting No. 01 (the first meeting (, which is scheduled to be held, God willing, at 8:30 PM on Monday 29-10-1443 AH corresponding to 30-05-2022, via modern technology means provided by Tadawulaty (www.tadawulaty.com.sa).
City and Location of the General Assembly's Meeting Riyadh - Head Office - By Means of Modern Technology using Tadawulty platform
URL for the Meeting Location https://www.tadawulaty.com.sa/
Date of the General Assembly's Meeting 2022-05-30 Corresponding to 1443-10-29
Time of the General Assembly's Meeting 20:30
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 quorum for holding the Extraordinary General Assembly shall be considered valid if attended by shareholders who represent at least 50% of company’s capital.
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) Vote to absolve the members of the Board of Directors from liability for the financial year ending on 31-12-2021.

5) 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, third 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 remuneration.

6) Voting on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2022 G.

7) Voting on the dividends that has been distributed for the year 2021 which equals a total of 1 Saudi Riyal per share, and (10%) of the capital with a total of (24 Million) Saudi Riyal. (Attached)

8) Voting on the business and contracts that took place between the company and Obeikan Investment Company in which the Chairman of the Board of Directors, Eng. Abdullah Al-Obeikan, and a member of the Board of Directors, Mr. Omran Al-Obeikan, have a direct interest, which is the services of the employee’s salary program during the year 2021 and there are no preferential conditions, at an amount of 219,158 riyals Saudi. (Attached)

9) Voting on the business and contracts that took place between the company and Obeikan Investment Company, in which the Chairman of the Board of Directors, Eng. Abdullah Al-Obeikan, and a member of the Board of Directors, Mr. Omran Al-Obeikan, have a direct interest, which is customs clearance services, consultancy and accounting software services during the year 2021, and there are no preferential conditions, An amount of 871,423 Saudi riyals. (Attached)

10) Voting on the business and contracts that took place between the company and Obeikan Investment Company, in which the Chairman of the Board, Eng. Abdullah Obeikan, and a member of the Board of Directors, Mr. Omran Obeikan, have a direct interest, which is consultations for the Industrial Excellence Software during the year 2021 and there are no preferential conditions, at an amount of 534,942 Saudi Riyals. (Attached)

11) Voting on the business and contracts that took place between the company and Obeikan Digital Solutions, in which the Chairman of the Board of Directors, Eng. Abdullah Al-Obeikan, and a member of the Board of Directors, Mr. Omran Al-Obeikan, have a direct/indirect interest, which is the services and consultations of the digitization software during the year 2021, and there are no preferential terms, at an amount of 164,409 Saudi Riyals. (Attached)

12) Voting on the business and contracts that took place between the company and Obeikan Education Company, in which the Chairman of the Board, Eng. Abdullah Al-Obeikan, and a member of the Board of Directors, Mr. Omran Al-Obeikan, have a direct/indirect interest, which is the services and consultations of the robot software during the year 2021 and there are no preferential terms, at an amount of 151,369 Saudi Riyals. (Attached)

13) Voting on the business and contracts that took place between the company and Obeikan Printing and Packaging Company, in which the Chairman of the Board, Eng. Abdullah Al-Obeikan, and a member of the Board of Directors, Mr. Omran Al-Obeikan, have a direct/indirect interest in them, which is purchases of packaging materials during the year 2021, and there are no preferential terms, at an amount of 249,780 Saudi Riyals. (Attached)

14) Voting on the works and contracts that were made between the company and AGC Obeikan Glass Company, in which the Chairman of the Board of Directors, Eng. Abdullah Al-Obeikan, Board member Mr. Omran Al-Obeikan, Board member Mr. Yazeed Al-Shathri, and Board member Mr. Turki Al-Baiz have an indirect interest, which is support expenses during the year 2021, and there are no preferential terms, at an amount of 2,977,457 Saudi Riyals. (Attached)

15) Voting on the business and contracts that were made between the company and AGC Obeikan Glass Company, in which the Chairman of the Board of Directors, Eng. Abdullah Al-Obeikan, Board member Mr. Omran Al-Obeikan, Board member Mr. Yazeed Al-Shathri, and Board member Mr. Turki Al-Baiz have an indirect interest, which is other expenses charged to the company during the year 2021, and there are no preferential terms, at an amount of 171,990 Saudi Riyals. (Attached)

16) Voting on the business and contracts that took place between the company and AGC Obeikan Glass Company, in which the Chairman of the Board of Directors, Eng. Abdullah Al-Obeikan, Board member Mr. Omran Al-Obeikan, Board member Mr. Yazeed Al-Shathri, and Board member Mr. Turki Al-Baiz have an indirect interest, which is glass sales during the year 2021, and there are no preferential terms, at an amount of 49,217,772 Saudi Riyals. (Attached)

17) Voting on the business and contracts that took place between the company and AGC Obeikan Glass Company, in which the Chairman of the Board of Directors Eng. Abdullah Al-Obeikan and Board Member Mr. Omran Al-Obeikan and Board Member Mr. Yazeed Al-Shathri and Board Member Mr. Turki Al-Baiz have an indirect interest, which is a shared services (rent of land, warehouses, shipping and other services) during the year 2021, and there are no preferential terms, at an amount of 6,385,466 Saudi Riyals. (Attached)

18) Voting on the amendment to article No. (2) of the company’s bylaws which is relating to the Company name, (Attached).

19) Voting on the amendment to article No. (23) of the company’s bylaws which is relating to Board meetings, (Attached).

Proxy Form
E-Vote The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 10:00 AM on Thursday 25-10-1443 H corresponding to 26-05-2022 G until the closure of the meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by 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 Phone: 014–5040356,

Fax: 014-3931071,

Or Email: info.glass@obeikan.com.sa

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.

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