Arabian Internet and Communications Services Co. — Proxy Solicitation & Information Statement 2022

Feb 8, 2022

Arabian Internet and Telecommunication Company (solutions) invites its shareholders to attend the Extraordinary General Assembly meeting (first meeting) through modern technology means

7202 · 08/02/2022 15:41:24 · Announcement #66618 · View on Saudi Exchange

Arabian Internet and Telecommunication Company (solutions) invites its shareholders to attend the Extraordinary General Assembly meeting (first meeting) through modern technology means

Element List	Explanation
Introduction	Arabian Internet and Telecommunication Company (solutions) (the company) Board of Directors is honored to invite its shareholders to attend and participate in the Extraordinary General Assembly's meeting (First meeting). The Extraordinary General Assembly will be conducted virtually via Tadawulaty Platform )www.tadawulaty.com.sa(, for the safety of the shareholders of the company and to support the preventive and precautionary efforts and measures exerted by the relevant health authorities to address the emerging Corona virus pandemic (COVID-19), and as an extension of continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly's Meeting	Company headquarters Olaya Street, Riyadh City. through modern technology means via Tadawulaty Platform.
URL for the Meeting Location	http://tadawulaty.com.sa
Date of the General Assembly's Meeting	2022-03-02 Corresponding to 1443-07-29
Time of the General Assembly's Meeting	19:00
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	According to Article 35 of the company bylaw, The Extraordinary General Assembly Meeting (EGM) shall be held unless attended by shareholders representing at least 50% of the company share capital. If such quorum is not present, a second meeting shall be held after a lapse of an hour from the preceding meeting. The second meeting shall be deemed valid if attended by a number of Shareholders representing at least 25% of the company Share Capital.
General Assembly Meeting Agenda	Agenda:

1- Voting on the amendment of article (2) of the company’s bylaw relating to Name of the Company. (Attached)

2- Voting on the amendment of article (3) of the company’s bylaw relating to Objectives of the Company. (Attached)

3- Voting on the amendment of article (4) of the company’s bylaw relating to Participation and Ownership in Companies. (Attached)

4- Amendment of article (21) of the company’s bylaw relating to Powers of the Board of Directors. (Attached)

5- Voting on appointing the External Auditors for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the first, second, third quarter and annual financial statements, of the fiscal year 2022, and the first quarter of the fiscal year 2023, and the determination of the auditor's remuneration. Proxy Form E-Vote All shareholders registered in Tadawulaty service will be able to vote electronically on the Extraordinary General Assembly’s agenda. Electronic voting will start at 10:00 AM on 26/02/2022, corresponding to 25/07/1443 and will last until the end of the Extraordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via:

http://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 For inquiries, please contact Investor Relations department:

- Email: IR@silutions.com.sa

- Phone: +966 11 525 2985 - +966 11 525 2159

- Fax: +966 11 460 1110 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.