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Al Moammar Information Systems Co. AGM Information 2021
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AGM Information
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Al Moammar Information Systems Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
7200 · 05/05/2021 16:40:31 · Announcement #63260 · View on Saudi Exchange
Al Moammar Information Systems Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | Al Moammar Information System (MIS) would like to invite the shareholders to participate and vote in the Ordinary General Assembly (First Meeting) that will be held at 18:30 PM on 26-05-2021G corresponding to 14-10-1442H via modern technology means for the safety of the participants in the capital market and in support of the preventive and precautionary efforts and measures exerted by the relevant health authorities to address the emerging novel Coronavirus (Covid-19) and as an extension of the continuous efforts exerted by all governmental authorities in Kingdom of Saudi Arabia in taking the necessary preventive measures to curb its spread it. |
| City and Location of the General Assembly's Meeting | Through modern technology means from the company's headquarters in Riyadh - Al Sahafa district - Al Thumamah Road (by using only tadawulaty system) |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2021-05-26 Corresponding to 1442-10-14 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | The meeting of the ordinary General Assembly shall be valid if it is attended by shareholders representing at least a quarter of the capital, and if the quorum necessary for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1. To vote on the Board Report for the fiscal year ending 31st December 2020. |
2. To vote on the Auditors Report for the fiscal year ending 31st December 2020.
3. To vote on the Financial Statements for the fiscal year ending 31st December 2020.
4. To vote on the paying a dividend, for the fiscal year ending 31st December 2020, of SAR 2.10 per share totaling SAR 42,000,000 (This cash dividend represents 21.0% of the capital share, based on 25,000,000. shares),
5. To vote on a technical services contract, which was done in 2020, with a value of 17,066,704 SAR at the prevailing commercial terms between MIS Company and Esri in which both Mr. Khalid Al-Moammar (Non-executive member) and Mr. Ibrahim Al-Moammar (Non-executive member) has a direct interest.
6. To vote on a technical services contract, which was done in 2020, with a value of SAR 1,312,946 at the prevailing commercial terms between MIS Company and Electronic Maps Company in which both Mr. Khalid Al-Moammar (Non-executive member) and Mr. Ibrahim Al-Moammar (Non-executive member) has a direct interest.
7. To vote on Technical Infrastructure services contract, which was done in 2020, with a value of SAR 14,160,812 at the prevailing commercial terms between MIS Company and Emmar Executive Est. in which the member of the Board of Directors Mr. Abdullah Al-Moammar has a direct interest.
8. To vote on the participation of Board Member Mr. Khalid Al-Moammar., in a competing activity within the Information management system segment. for the fiscal year 2021
9. To vote on the participation of Board Member Mr. Ibrahim Al-Moammar., in a competing activity within the Information management system segment. for the fiscal year 2021
10. To vote on the participation of Board Member Mr. Abdullah Al-Moammar., in a competing activity within the Information management system segment. for the fiscal year 2021
11. To release Board of Directors members from liability for the fiscal year ending 31st December 2020.
12. To vote to pay the directors’ remuneration amounting in total to SAR 1,127,182 basis for the financial year ending 31st December 2020.
13. To Vote on authorizing the Board of Directors to disburse interim dividends on a semiannual/ quarterly basis for the FY 2021.
14. To vote on delegating the authorization powers of the Ordinary General Assembly stipulated in Paragraph (1) of Article (71) of the Companies Law to the Board of Directors, for one year from the date of approval by the General Assembly to delegate its powers, to the Board of Directors, or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance to Article 56 of the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.
15. To vote on the appointment of the External Auditor of the Company based on the recommendation of the Audit Committee to audit the Financial Statements of the fiscal years 2021 and 2022 and to review the first quarter Interim Financial Statements of the fiscal year 2021 and determined their fees. Proxy Form 
E-Vote Shareholders registered in the Tadawul services will be able to vote remotely on the assembly’s items starting at 10 am on Monday24-05-2021 corresponding to12-10-1442 AH, and until the end of the assembly time, and registration and voting in (Tadawul) services will be available and free for all Contributors using the following link
https://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 If there is an inquiry about the Ordinary assembly agenda items, we hope to contact the Secretary of the Board of Directors, Miss. Sara Mohammad Al-Otaibi
You can also direct your inquiries to the Council Secretariat's e-mail via the company's e-mail
Address: Al-Thumamah Road, Al-Sahafa District, Riyadh, Kingdom of Saudi Arabia [email protected] Additional Information NONE Attached Documents
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.