Mohammed Hasan AlNaqool Sons Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Muhammad Hassan Al Naqul Sons Company is pleased to invite the honorable shareholders to attend the company’s extraordinary general assembly meeting (the first meeting) to be held, God willing, at exactly six thirty in the evening on Wednesday 11/16/1443 AH corresponding to 06/15/2022 AD Through modern technology, using the Tadawulaty service website (www.tadawulaty.com.sa). |
| City and Location of the General Assembly's Meeting | Online |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-06-15 Corresponding to 1443-11-16 |
| 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 extraordinary general assembly meeting shall be valid in the presence of shareholders representing at least half of the capital. |
| General Assembly Meeting Agenda | 1- Vote on the report of the Board of Directors for the financial year ending on 31/12/2021. 2- Vote on the company’s auditor’s report for the financial year ending on 12/31/2021. 3- Vote on the financial statements for the fiscal year ending on 12/31/2021. 4- Vote to absolve the members of the board of directors from liability for the fiscal year ending on 12/31/2021. 5- To vote on amending the company’s address in the company’s articles of association. (Attached) 6- Vote on the amendment of Article 1 of the company's articles of association related to the type of company. (Attachment) 7- Vote on the amendment of Article 2 of the company's articles of association related to the name of the company. (Attachment) 8- Vote on the amendment of Article 3 of the company’s articles of association related to the company’s objectives. (Attachment) 9- Vote on the amendment of Article 4 of the company's articles of association related to participation and ownership in companies. (Attachment) 10- Vote on the amendment of Article 7 of the company's articles of association related to the company's capital. (Attachment) 11- Vote on the amendment of Article 8 of the company's articles of association related to subscribing to shares. (Attachment) 12- Vote on the amendment of Article 9 of the company's articles of association related to the sale of undervalued shares. (Attachment) 13- Vote on the amendment of Article 10 of the company's articles of association related to the issuance of shares. (Attachment) 14- Vote to add a new article No. 11 related to preferred shares. (Attachment) 15- Vote on adding a new Article No. 12 related to the company's purchase, sale and pledge of its shares. (Attachment) 16- Vote on the amendment of Article 11 of the company's articles of association related to the trading of shares. (Attachment) 17- Vote on the amendment of Article 12 of the company's articles of association related to the shareholders' register. (Attachment) 18- Vote on the amendment of Article 13 of the company's articles of association related to the capital increase. (Attachment) 19- Vote on the amendment of Article 14 of the company's articles of association related to capital reduction. (Attachment) 20- Vote on the amendment of Article 15 of the company's articles of association related to the company's management. (Attachment) 21- Vote on amending Article 16 of the company's articles of association related to the termination of the board's membership. (Attachment) 22- Vote on the amendment of Article 17 of the company's articles of association related to the vacant position in the board. (Attachment) 23- Vote on the amendment of Article 18 of the company's articles of association related to the powers of the board of directors. (Attachment) 24- Vote on the amendment of Article 19 of the company's articles of association related to the remuneration of board members. (Attachment) 25- Vote on the amendment of Article 20 of the company's articles of association related to the chairman of the board of directors, the managing director and the secretary. (Attachment) 26- Vote on the amendment of Article 21 of the company's articles of association related to board meetings. (Attachment) 27- Vote on the amendment of Article 22 of the company's articles of association related to the quorum of the board meeting. (Attachment) 28- Vote on the amendment of Article 23 of the company's articles of association related to the deliberations of the board. (Attachment) 29- Vote on the amendment of Article 24 of the company's articles of association related to the attendance of assemblies. (Attachment) 30- Vote to delete Article No. 25 of the company's articles of association related to the transformational assembly. (Attachment) 31- Vote to delete Article No. 26 of the company's articles of association, which is related to the functions of the transformational assembly. (Attachment) 32- Vote on the amendment of Article 27 of the company's articles of association related to the powers of the ordinary general assembly. (Attachment) 33- Vote on the amendment of Article 28 of the company's articles of association related to the powers of the extraordinary general assembly. (Attachment) 34- Vote on amending Article 29 of the company's articles of association related to inviting assemblies. (Attachment) 35- Vote on the amendment of Article 31 of the company's articles of association related to the quorum of the ordinary general assembly meeting. (Attachment) 36- Vote on the amendment of Article 32 of the company's articles of association related to the quorum of the extraordinary general assembly. (Attachment) 37- Voting on the amendment of Article 33 of the company's articles of association related to voting in assemblies. (Attachment) 38- Vote on the amendment of Article 34 of the company's articles of association related to the resolutions of the assemblies. (Attachment) 39- Vote on amending Article 36 of the company's articles of association related to chairing associations and preparing minutes. (Attachment) 40- Vote on the amendment of Article 37 of the company's articles of association related to the formation of the committee. (Attachment) 41- Vote on the amendment of Article 39 of the company's articles of association related to the committee's competencies. (Attachment) 42- Vote on amending Article 40 of the company's articles of association related to the committee's reports. (Attachment) 43- Vote on the amendment of Article 42 of the company's articles of association related to the auditor's powers. (Attachment) 44- Vote on the amendment of Article 43 of the company's articles of association related to the fiscal year. (Attachment) 45- Vote on amending Article 44 of the company's articles of association related to financial documents. (Attachment) 46- Vote on the amendment of Article 45 of the company's articles of association related to the distribution of profits. (Attachment) |
| Proxy Form |  |
| E-Vote | Only shareholders registered in the Tadawulaty service (www.tadawulaty.com.sa) have the right to vote electronically on the agenda items of the Extraordinary General Assembly meeting, which will start on 06/13/2022 at 10.00 am and end when the voting is closed before the vote count is announced within Procedures for convening the assembly meeting on 15/6/2022 AD at (7:30 pm), noting that registration in the Tadawulaty and voting service is available free of charge to all shareholders. |
| 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 you have any questions, please contact the Shareholders Relations Department Phone: 8001010990 Email: alnaqool@alnaqool.com |
| 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.