Arabian Internet and Communications Services Company (solutions) invites its shareholders to attend the Ordinary General Assembly meeting (first meeting) through modern technology means
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company’s (solutions) Board of Directors is honored to invite its shareholders to participate and vote in the Ordinary General Assembly's meeting (first meeting), which will be conducted at 6:30 PM on Wednesday 29-05-2024, via modern technology means. |
| City and Location of the General Assembly's Meeting | solutions headquarters Olaya Street, Riyadh City. Through modern technology means via Tadawulaty Platform. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-29 Corresponding to 1445-11-21 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Every Shareholder registered in solutions’ shareholders registry in the Depository Center at the end of the trading session preceding the general assembly’s meeting and in accordance with the laws and regulations are entitled to attend the meeting. Eligibility for registering the attendance of the Assembly’s meeting ends upon the beginning of the General Assembly’s meeting and eligibility for voting on the Assembly’s Meeting Agenda ends upon the counting committee concludes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | Meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing fifty percent of the Company's shares with voting rights. If such quorum to convene such meeting is not met, a second meeting may be convened one hour after the end of the period set for the first meeting the second meeting shall be deemed valid irrespective of the number of shares with voting rights represented therein. |
| General Assembly Meeting Agenda | Agenda: 1- View and discuss the report of the Board of Directors for the fiscal year ending on 31-12-2023 and discuss it (attached). 2- Voting on the company’s Auditor’s Report for the fiscal year ending on 31-12-2023 after discussing it (attached). 3- View and discuss the financial statements for the fiscal year ending on 31-12-2023 (attached). 4- Voting on discharging the liability of the Board of Directors members for the fiscal year ending on 31-12-2023. 5- Voting on appointing the External Auditors 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 quarter and annual financial statements, of the fiscal year 2024, and the first quarter of the fiscal year 2025, and the determination of the auditor's remuneration. 6- Voting on the Board of Directors’ recommendation to distribute cash dividends with a total amount of SAR 713,997,510 to the shareholders for the year 2023 at SAR 6 per share equivalent to 60% of the share par value, where the eligibility will be to the shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center (Edaa) at the end of the second trading day following the due date. The date of the dividends’ distribution will be announced later. 7- Voting on the payment of SAR 4,035,000 as remuneration to the Board of Directors and committee members for the fiscal year ending on 31-12-2023. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members and to the external auditor. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty service will be able to vote electronically on the General Assembly’s agenda. Electronic voting will start Saturday at 1:00AM on 25-05-2024, and will last until the end of the General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: http://tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Please note that there will be a live video and audio broadcasting link for the General Assembly thru Tadawulaty system. For inquiries, please contact Investor Relations department: - Email: IR@solutions.com.sa - Phone: +966 11 525 2985 - +966 11 525 2159 - Fax: +966 11 460 1110 |
| Attached Documents | |
Attachments
1714540607_12517_2302_2024-04-30_16-38-30_en.pdf1714540608_12517_2302_2024-04-30_16-38-28_en.pdf
