Advanced Building Industries Co. — AGM Information 2014

Mar 16, 2014

Zamil Industrial Investment Co invites its shareholders to attend the Ordinary general assembly Meeting

2240 · 16/03/2014 09:04:45 · Announcement #33656 · View on Saudi Exchange

Zamil Industrial Investment Co invites its shareholders to attend the Ordinary general assembly Meeting

The board of directors of Zamil Industrial Investment Co is pleased to invite its shareholders owning 20 shares or more to attend Ordinary general assembly Meeting to be held in the Zamil Air Conditioners Auditorium in Dammam's First Industrial City on 16-04-2014 corresponding to 16-06-1435 at 18:30 to consider the following agenda:

Agenda1:- Approve the Board of Directors' report for the year 2013.

Agenda2:- Approve Zamil Industrial final accounts and auditors report for the fiscal year ending 31 December 2013.

Agenda3:- Agree to hold the Board of Directors free from any liabilities for the fiscal year ending 31 December 2013.

Agenda4:- Approve the Board's recommendation for the distribution of second half 2013 dividends at SAR 1.00 per share which represents 10 percent of paid-up capital for a total amount of SAR 60 million, in addition to previously distributed first half 2013 at SAR 0.75 per share. This brings the total distribution for the year ending 31/12/2013 to SAR 1.75 per share representing 17.5% of paid-up capital. Dividends eligibility will be for shareholders registered at the close of trading on the general assembly date.

Agenda5:- Approve distribution of SAR 2,000,000 as Board Remuneration for the year ending 31/12/2013 at SAR 200,000 per Board Director.

Agenda6:- Approve the related party transactions between the company and affiliated companies of Zamil Group Holding Company that took place during 2013 and approve of it for another year. It is worth noting that all the following agreements are annual or for a specific period and is automatically renewed, they have been agreed upon for years and are related to prolonged relationship. They have been agreed upon with normal and standard applied commercial terms and as per internal company policies (please refer to the attached PDF file).

Agenda7:- Approve the appointment of the external auditors as per the recommendation of the Audit Committee to audit the company's quarterly and annual accounts for the year 2014 and the first quarter of 2015 and agree to their service fee.

The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50% of the company's capital. Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to PO Box 14441 Dammam 31424 and delivered to the company prior 3 day of the meeting. Contact details : 013 8108180 or email investors@zamilindustrial.comAdditional information :

Attached Documents

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