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Al Hammadi Holding AGM Information 2016
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AGM Information
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AlHammadi Company for Development and Investment invites its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting)
4007 · 02/05/2016 15:14:07 · Announcement #42540 · View on Saudi Exchange
AlHammadi Company for Development and Investment invites its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting)
The Board of director of AlHammadi Company for Development and Investment is pleased to invite its shareholders owning 20 shares or more to attend Ordinary General Assembly Meeting to be held in Tadawul Media Center, Riyadh at 19:00 on Sunday 29-05-2016 corresponding to 22-08-1437 to discuss the Following Agenda:
1.Voting for approval on the Board of Director report for the financial year ended 31-12-2015G.
2.Voting for approval on the Companys external auditor report for the year ended 31-12-2015G.
3.Voting for approval on the Companys audited financial statements for the year ended 31-12-2015G.
4.Voting for discharging the Board of Director members from liability for the financial year ended 31-12-2015G.
5.Voting for selecting the Companys external auditor from the candidates recommended by the Audit Committee to review and audit the year end and interim financial statements for the financial year 2016 and first quarter 2017 and determine its fees.
6.Voting for approval on the Board of Director recommendation to distribute SR 0.75 per share dividends on the financial year 2015G. the total dividends amount is SR 90 million represents 7.5% of the shares par value. The dividends will be the right of the shareholders registered at Tadawul by the end of the ordinary general assembly meeting day.
7.Voting for approval on disbursing the Board of Director remunerations amounting to SR 1,800,000 (Saudi Riyals one million eight hundred thousand only) which represents SR 200,000 (Saudi Riyals two hundred thousand) for each member.
8.Voting on electing the Board of Director members from the candidates for the new Board of Director term which will start on 22-6-2016G for three years. According to the Companys article of association the accumulated voting system will be used to elect the Board of Director members.
9.Voting on the contracts and transactions with the related parties (contracts duration is one financial year and renewed by the General Assembly. There are no preferential conditions except the direct selection) as the following:
1)Member name: Mohammad Saleh AlHammadi
Company name: Mohammad Saleh AlHammadi Establishment for IT
Contract Nature: Computers provider
Contract Value: SR 34,935
2)Member name: Dr. Abdulaziz Mohammad AlHammadi
Company name: Aktel Company
Contract Nature: Catering
Contract Value: SR 559,630
3)Member name: Mohammad Saleh AlHammadi and Dr. Abdulaziz Mohammad AlHammadi
Company name: The union of AlHammadi Construction and Riyadh Development Company
Contract Nature: Construction work for AlHammadi Hospital AlNuzha and AlSweidi
Contract Value: SR 187,201,816
The condition for holding this General Assembly meeting is the attendance of shareholders representing 50% of the share capital. Each shareholder owns 20 shares and above has the right to attend the meeting. For shareholders who will not be able to attend wish to authorize other shareholders from who have the right to attend (other than Board of Director members and Company employees) send the power of attorney notarized from the chamber of commerce or from any bank or the employer to AlHammadi Company for Development and Investment P.O.Box 55004 Riyadh 11534 or fax number 011 2319999 at least three days before the meeting date. The original IDs of all shareholders attending the meeting should be available upon attending. (Power of attorney template attached)For more information please call 011 2329999 or Email: [email protected]
Attached Documents
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