Ataa Educational Co. — AGM Information 2022

Dec 25, 2022

Ataa Educational Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting by means of modern technology

4292 · 25/12/2022 16:13:11 · Announcement #71459 · View on Saudi Exchange

Ataa Educational Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting by means of modern technology

Element List	Explanation
Introduction	The Board of Directors of Ataa Educational Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, at exactly 06:30 pm on Sunday 25-06-1444 AH corresponding to 18-01-2023 AD, via modern technology means
City and Location of the General Assembly's Meeting	Ataa’s Head Office at Riyadh, Al-Izdihar district via modern technology
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the General Assembly's Meeting	2023-01-18 Corresponding to 1444-06-25
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Shareholders Registered in the company 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	As per Article (33) of the Company Articles of Association, The Ordinary General Meeting shall be valid only if attended by shareholders representing at least 50% of the Company’s Capital. In case of non-completion of the Quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be deemed quorate regardless of the number of the Shareholders represented therein.
General Assembly Meeting Agenda	The first item: Voting on the Board of Directors' Annual Report for the fiscal year ending on 07/31/2022 AD.

Second item: Voting on the company’s auditor’s report for the fiscal year ending on 07/31/2022 AD.

Third item: Voting on the company's financial statements for the fiscal year ending on 07/31/2022 AD.

Fourth item: Voting on the board of directors’ recommendation to distribute dividends to shareholders for the fiscal year ending on 07/31/2021 AD, with a total value of (42,087,215) Forty-tow million, eihty-seven Thousand, tow hundred and fifteen Saudi riyals, so that the share of each share is one (1) Saudi riyal at a rate of (10%) of the paid-up capital, provided that the eligibility is for the shareholders who own shares at the end of trading on the day of the general assembly and who are registered in the company’s shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the eligibility date, and the date of dividend payment will be determined later.

Fifth item: Voting on the business and contracts that took place between the company and the vice-chairman of the Board of Directors, Dr. Ahmed bin Nasser Al-Mutib, in which he has a direct interest, and a member of the Board of Directors, Ms. Farah bent Ahmed Al-Mutib, has an indirect interest in them, which are lease contracts for the Middle East and Al-Feker complexes. With a total value of (13,596,333) Saudi riyals without preferential conditions. (attached)

Sixth item: Voting on the participation of the Board of Directors' member, Mr. Othman bin Tariq Al-Qasabi, in a work that competes with the company's business. (attached)

Item Seven: Voting to absolve the Board of Directors' members from liability for the fiscal year ending on 07/31/2022 AD.

Eighth item: Voting to disburse the amount of (1,350,000) Saudi riyals as a bonus to the members of the Board of Directors at the rate of (150,000) Saudi riyals for each member, for the fiscal year ending on 07/31/2022 AD.

The ninth item: Vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee; This is for examining, reviewing and auditing the financial statements for the (second, third and fourth) quarters and the annual of the fiscal year ending on 07/31/2023 and for the first quarter of the financial year ending on 07/31/2024AD and determining his fees. Proxy Form E-Vote Shareholders registered on the Tadawulaty Services website will be able to vote remotely on the General Assembly’s meeting agenda through the (Electronic Voting) service, which will start from Saturday morning (01:00 am) dated 21 /06 /1444 corresponding to 14 / 01 /2023 , and ending when the General assembly meeting ends. The registration and voting on the Tadawulaty platform is freely available for all shareholders by using the following link

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 For inquiries, please contact the Investor Relations Department by phone number 0114563121 during the company's official working hours or by the E-mail of the Investor Relations Department.

ir@ataa.sa 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.