Ash-Sharqiyah Development Co. — AGM Information 2020

Jun 21, 2020

ASharqiyah Development Co. invites its shareholders to attend the Ordinary general assembly Meeting (1st meeting)

6060 · 21/06/2020 15:41:21 · Announcement #59437 · View on Saudi Exchange

ASharqiyah Development Co. invites its shareholders to attend the Ordinary general assembly Meeting (1st meeting)

Element List	Explanation
Introduction	Asharqiyah Development Company`s directors board pleased to invite its valued shareholders to attend the company's ordinary general assemply (the first meeting), by using the modern technology , TADAWULATY system, in the framework of supporting preventive efforts and measures by the relevant health authorities to address the emerging corona virus COVID- 19 Based on the decision of the Council of the Capital Market Authority on 16/03/2020, which includes suspending the association contract in attendance until further notice, and just holding it through modern technology means in order to ensure the safety of dealers in the capital market , which supporting efforts and protectiction procedures by the competent health authorities and relevant to address the emerging virus Corona( COVID-19 ), extension of the continuous efforts of 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	Dammam - Al Nakheel King Khalid Bin Abdul Aziz Street Clock Tower Building
URL for the Meeting Location	https://goo.gl/maps/nfux1Nhnguy
Date of the General Assembly's Meeting	2020-07-12 Corresponding to 1441-11-21
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Each shareholder registered in the company’s shareholders register has the right at the depository center at the end of the trading session preceding the meeting of the association has the right to register the electronic attendance and vote using the deliberative system in the assembly meeting according to the rules and regulations
Quorum for Convening the General Assembly's Meeting	The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least one quarter of the company paid up capital. If the quorum for the first meeting is not completed, a second meeting shall be conducted one hour after the time allocated for the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda	(1) Voting on the formation of the audit committee and determining its tasks, work controls and rewards of its members for the new session starting from 20-07-2020 until the end of the session on the date of 19-07-2023 AD The following candidates have their names: 1- Ali Al-Jaafari 2- Abdullah Al-Shaqha`a 3- Muhammad Al-Owaid (CV) ).
Proxy Form
E-Vote	Note that the shareholders who are registered in the Tadawulati services will be able to vote remotely on the association’s items starting from 10 AM on Wednesday 17/11/1441 AH corresponding to 08/07/2020 till the end time of the meeting . and the registration and voting in Tadawulati services will be available and free for all shareholders by using the link www.tadawulaty.com.sa, and if there is any inquiry we hope to contact the shareholders relations department Email IBRAHIM@ASHARQIYAH.COM.SA Phone 0138099439 ext 44
Eligibility for Attendance Registration and Voting	Noting that the eligibility to attend the meeting of the association ends at the time of the meeting, and the right to vote on the association’s items for the attendees ends when the counting committee finishes counting the votes.
Method of Communication	For inquiries, please call: 0138099439 EXT.44 or fax: 0138099438
Additional Information	The shareholders can discuss the topics included in the agenda of the General Assembly and ask questions about them by contacting the numbers and the e-mail shown below during the meeting of the association , for half an hour, starting in six thirty PM till seven PM , e-mail IBRAHIM@ASHARQIYAH.COM.SA phone 0138099439 Ext. 44
Attached Documents

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