Advanced Building Industries Co. — AGM Information 2013

Mar 11, 2013

ZAMIL INDUSTRIAL INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL ASSEMBLY MEETING

2240 · 11/03/2013 17:11:53 · Announcement #29463 · View on Saudi Exchange

ZAMIL INDUSTRIAL INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL ASSEMBLY MEETING

The Board of Directors of Zamil Industrial is pleased to invite all shareholders owning 20 shares or more to attend its general assembly to convene in an ordinary session on Saturday, 13 April 2013, at Zamil Air Conditioners Auditorium in Dammams First Industrial City at 4 pm. The following items on its agenda will be reviewed and discussed:

1. Approve the Board of Directors' report for the year 2012;

2. Approve Zamil Industrial final accounts and auditors report for the fiscal year ending 31 December 2012;

3. Agree to hold the Board of Directors free from any liabilities for the fiscal year ending 31 December 2012;

4. Approve the Board's recommendation for the distribution of second half 2012 dividends at SAR 0.75 per share which represents 7.5 percent of paid-up capital, in addition to previously distributed first half 2012 at SAR 0.75 per share. This brings the total distribution for the year ending 31/12/2012 to SAR 1.50 per share representing 15% of paid-up capital. Dividends eligibility will be for shareholders registered at the close of trading on the general assembly date;

5. Approve distribution of SAR 1,800,000 as Board Remuneration at SAR 200,000 per Board Director for the year ending 31/12/2012;

6. Approve the related party transactions between the company and affiliated companies of Zamil Group Holding company that took place during 2012 as per the Auditors Report;

7. Electing new Board members for its sixth term (01/05/2013 to 30/04/2016). It is worth noting that the voting process will be by Normal Voting as per the company by-laws.

8. Approve the appointment of external auditors as per the recommendation of the Audit Committee to audit the companys quarterly and annual accounts for the year 2013 and agree to their service fee.

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