Ataa Educational Co. — AGM Information 2024

Jan 8, 2024

Ataa Educational Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )

4292 · 08/01/2024 08:32:13 · Announcement #77719 · View on Saudi Exchange

Ataa Educational Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )

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 monody 17-07-1445 AH corresponding to 29-01-2024 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
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-01-29 Corresponding to 1445-07-17
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
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: Review and discuss the Board of Directors’ report for the financial year ending on 07/31/2023

Second item: Voting on the company’s auditor’s report for the fiscal year ending on 07/31/2023 AD.

The third item: Review and discuss the company’s financial statements for the fiscal year ending on 07/31/2023.

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 (46,295,936) Forty-six million two hundred and ninety-five thousand nine hundred and thirty-six Saudi riyals, so that the share of each share is one (1.10) Saudi riyal at a rate of (11%) 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 Dr. Ahmed bin Nasser Al-Mutib, in which the Board of Directors, Ms. Farah bent Ahmed Al-Mutib, and Ms.Reem 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 (14,088,333)Saudi riyals without preferential conditions. (attached)

Item Six : Voting to absolve the Board of Directors' members from liability for the fiscal year ending on 07/31/2023 AD.

Seven item: Voting to disburse the amount of (1,331,507) 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 07/31/2023 AD.

Eighth 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 07/31/2024 and for the first quarter of the financial year ending on 07/31/2025AD and determining his fees.

The ninth item: Voting on the Board’s resolution to appoint (Khaled Naser ALmoamar) as a (Non - Executive) board member starting from the date of his appointment on 24/07/2023. to complete the Board term until the end of the current term on 07/11/2024., succeeding the former member (Thinain Bin Thinain and Non - Executive). (CV attached)

The ten item: Voting on the Board’s resolution to appoint (Reem Ahmed bin Nasser Al-Mutib) as a (Non - Executive) board member starting from the date of his appointment on 24/07/2023. to complete the Board term until the end of the current term on 07/11/2024., succeeding the former member (Ahmed bin Nasser Al-Mutib and Non - Executive). (CV attached) Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right 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 Thursday morning (01:00 am) dated 13 /07 /1445 corresponding to 25 / 01 /2024 , 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 Details of the electronic voting on the Assembly’s agenda 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 in Case of Any Enquiries 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  

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