Arabian Internet and Communications Services Co. — Proxy Solicitation & Information Statement 2023

Dec 5, 2023

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

7202 · 05/12/2023 08:06:46 · Announcement #77204 · View on Saudi Exchange

Arabian Internet and Communications Services 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 Communications Services Company (SOLUTIONS) Board of Directors is honored to invite its shareholders to attend the Extraordinary General Assembly's meeting of SOLUTIONS (First meeting), which will be conducted virtually via Tadawulaty Platform.
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	2023-12-27 Corresponding to 1445-06-14
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Shareholders registered in SOLUTIONS’ shareholders registry in the Depository Center 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 quorum for holding the Extraordinary General Assembly meeting shall be valid only if attended by shareholders representing at least 50% of the company’s voting shares. If such quorum is not met, a second meeting shall be held within an hour following the time set for the first meeting, the second meeting shall be valid if attended by shareholders representing at least 25% of the company’s voting shares.
General Assembly Meeting Agenda	1- Voting on the amendment of the Company’s Bylaws in accordance with the new Companies Law, rearranging and renumbering the articles of the Bylaws; to comply with the proposed amendments (attached).

2- Voting on the amendment of the Board Audit Committee Charter (attached).

3- Voting on the amendment of the Company’s Competition Standards and Rules Policy (attached).

4- Voting on transferring the balance of the statutory reserve amounting to SAR (308,758,320), as shown in the Financial Statements for the year ended 31 December 2022, to the retained earnings. Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) Shareholders are entitled to discuss matters listed in the agenda of the General Assembly and raise relevant questions to the Board members. Shareholders registered in Tadawulaty service will be able to vote electronically on the General Assembly’s agenda. Electronic voting will start Saturday at 01:00 AM on 23/12/2023, and will last until the end of the 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 Assembly’s meeting ends upon the beginning of the General Assembly’s meeting. Eligibility for voting on the Assembly’s Meeting Agenda ends upon the counting committee concludes counting the votes. Method of Communication Please note that there will be a live video and audio broadcasting link for the General Assembly thru Tadawulaty system.

For inquiries, please contact Investor Relations department:

- Email: IR@solutions.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.