| Element List | Explanation |
|---|---|
| Introduction | The board of directors of the Saudi Industrial Investment Group (“SIIG”) is pleased to invite SIIG’s shareholders to attend the Extraordinary General Meeting -First Meeting- (“EGM”) scheduled for 7:00 pm on Thursday, 8-11-1445 H (corresponding to 16-5-2024G), remotely and online using the Tadawulaty platform. |
| City and Location of the General Assembly’s Meeting | The meeting will be held Online from SIIG Headquarter Riyadh, Hitten area. Shareholders can login using Tadawulaty platform only. |
| Hyperlink of the Meeting Location | Click here |
| Date of the General Assembly’s Meeting | 2024-05-16 Corresponding to 1445-11-08 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly’s Meeting | The Extraordinary General Meeting will be in Quorum if attended by at least 50% of the company shares that have voting rights, if Quorum of the first meeting is not reached, the second meeting will be held one hour after the specified time of the first meeting, Second Meeting will be in quorum if at least 25% of the company shares that have voting rights attend. |
| General Assembly Meeting Agenda | 1- To review and discuss the Board of Director Report for the fiscal year ending on 31/12/2023G.
2- To review and discuss the Financial Statements for the fiscal year ending on 31/12/2023G. 3- To discuss and vote on the Auditor’s Report for the fiscal year ending on 31/12/2023G. 4- To vote on the absolution of the members of the Board of Directors from liability for the fiscal year ending on 31/12/2023G. 5- To vote on the disbursement of SAR 3.2 million as remuneration for the members of the Board of Directors for the fiscal year ending on 31/12/2023. 6- To vote on the delegation of the Board of Directors to declare the distribution of interim dividends, semi-annual or quarterly, for the 2024 fiscal year. 7- To vote to end the current board period, so that the period ends on May 16, 2024, instead of June 30, 2024. 8- To vote on the amendment to article 17 of the Bylaw concerning the management of the company, (reducing the number of members of the board of directors from 10 to 7 members), if item 7 is approved (end the current board period) (attached) 9- To vote on the election of members of the Board of Directors from among the candidates for the tenth period, which begins on May 17, 2024, for a period of four years, ending on May 16, 2028, if item 7 (end the current board period) is approved. (curriculum vitae attached for all the candidates) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the matters listed on the agenda of the General Assembly and raise relevant questions, noting that Voting is free of charge to all shareholders by using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who are registered on the website of (Tadawulaty) electronic trading services can remotely vote on the items of the EGM through (electronic voting) service. The remote voting will start at 01:00 am on Sunday 4-11-1445H (corresponding to 12-5-2024G) and the voting will end once the EGM concludes. Registration and voting via Tadawulaty services will be available and free of charge for all shareholders using the following link: www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | For enquires, please contact Investor Relations at Tel: 0112792522 Ext. 301 and or e-mail: info@siig.com.sa |
| Attached Documents | |
