Al Hassan Ghazi Ibrahim Shaker Company’s Announcement to invite its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting) by means of Modern Technology

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Clarification

Introduction

The Board of Directors of Al Hassan Ghazi Ibrahim Shaker Company is pleased to invite its shareholders to attend the Extraordinary General Assembly’s meeting , which will be held on Monday 12/10/1442H corresponding to 24/05/2021 at 8:30 p.m. via Tadawulat Platform, for the safety of the shareholders of the company and to support the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona virus pandemic (COVID-19), and as an extension of continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

City and Location of the General Assembly’s Meeting

Head quarter of Shaker Company located in El Shafah – Riyadh ,

URL for the Meeting Location

https://zoom.us/j/97409392034?pwd=SmcwZkx0V2MzMVhlalFjUk1Qa2hiZz09

Date of the General Assembly’s Meeting

24-05-2021 Corresponding to 12-10-1442

Time of the General Assembly’s Meeting

20:30

Attendance Eligibility

Each shareholder registered in the shareholders register in the Securities Depository Center Company (Edaa) at the end of trading preceding prior to the Extraordinary General Assembly Meeting, have the right to attend the Extraordinary General Assembly Meeting thru the services of Tadawulaty as per the Laws and Regulations

Quorum for Convening the General Assembly’s Meeting

According to article 34 of the company’s Articles of Association, The quorum necessary for this Extraordinary General Assembly meeting is shareholders representing 50% of the Company’s capital; however, if the quorum was not present for the first meeting, a second meeting will convene an hour after the allocated time slot of the first, and that meetings’ quorum necessary is shareholders representing 25% of the Company’s capital.

General Assembly Meeting Agenda

1-     Vote on the Board of Directors’ Annual Report for the fiscal year ending on 31st December 2020.

2-     Vote on the external auditor report for the year ending on 31st December 2020.

3-     Vote on the financial statements of the Company for the year ending on 31st December 2020.

4-     Vote on the appointment of an external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the Company’s financial statements for the second, third, and 2021 year end, and the first quarter of 2022 and determining their fees.

5-     Vote on releasing SAR 1,654,339 as a remuneration of the Board of Directors’ members for the year ended on 31/12/2020.

6-     Vote on the discharge of the Board of Directors from the liability for their activities for the year ended on 31/12/2020.

7-     Vote to amend Article No. (17) of the Company’s Articles of Association, related to Company’s Management (Attached).

8-     Vote to amend Article No. (22) of the Company’s Articles of Association, related to The Authorities of the Chairman of the board of directors, Vice Chairman and the Secretary of the board (Attached).

9-     Vote on the Board of Directors resolution to appoint Eng. Azzam Saud Almudaiheem as a Non-Executive member of the Board of Directors, starting from the date of his appointment in 1st October 2020, to succeed Mr. Francesco Toscano an independent member.(Attached)

10-  Vote on the Board of Directors resolution to appoint Mr. Musaed Abdullah AlQasim as an Independent member of the Board of Directors, starting from the date of his appointment in 1st October 2020, to succeed Mr. Enrique Martinez an independent member.(Attached)

Proxy Form

 

E-Vote

Please note that the shareholders are able to electronically vote on agenda items through the services of Tadawulaty starting from Thursday 20/05/2021G. Corresponding to 8/10/1442H at 10:00 a.m. until the end of the Extraordinary General Assembly, and the electronic voting mechanism is available with no cost for all shareholders through 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

All shareholder’s inquires and questions for Board of Directors will be receive from Wednesday 07/10/1442H corresponding to 19/05/2021G. until 03:00 pm from the same day of the Extraordinary General Assembly meeting via:

0112638900 ext:11503

Email : k_benjelayel@shaker.com.sa

Note: In order to accept the inquiry, a copy of the shareholder’s ID is required.

Additional Information

Remote voting will suffice

Attached Documents

   

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