CATRION Catering Holding Co. — Proxy Solicitation & Information Statement 2017

Mar 21, 2017

Saudi Airlines Catering Co. invites its shareholders to attend the Extraordinary general assembly Meeting

6004 · 21/03/2017 15:13:39 · Announcement #46081 · View on Saudi Exchange

Saudi Airlines Catering Co. invites its shareholders to attend the Extraordinary general assembly Meeting

The Board of Directors of Saudi Airlines Catering Co. is pleased to invite its shareholders to attend the Extra Ordinary General Assembly Meeting which will be held in the King Abdulaziz International Airport Catering unit in Jeddah on 20-07-1438H corresponding to 17-04-2017G at 18:30 to consider the following agenda:

1- Approval on the annual report for the financial year ending 31st Dec 2016.

2- Approval of the financial statements of the company for the year ending 31st Dec 2016.

3- Approval on the external auditor report for the year ending 31st Dec 2016.

4- Approval on the appointment of the external auditors in accordance with the recommendation of the Audit Committee for the financial auditing of the company on a quarterly and annual basis for the year of 2017.

5- Approval on the discharge of the Board of Directors from liability for their activities during the year 2016 until the date of this AGM meeting.

6- Ratification of the distribution of dividends for the year 2016 with the total amount valued at (SR 537,100,000) which represents 65.50% of the share capital after Zakat and before income tax.

7- Approval on the authorizing the Board of Directors to distribute the biannual or quarterly dividends for the financial year of 2017.

8- Approval on the payment of the Board of Directors remunerations and compensations which are detailed within the Board of Directors annual report, against their work, from the period of 1st Jan 2016 till 31st Dec 2016 with the total amount of (SR.2,166,265).

9- Approval on of the amendments of the board of directors internal policy (as attached).

10- Ratification of the composition of the Audit Committee and determining its responsibilities, framework, and the remunerations for the period beginning from 26th Jan 2016 until 25th Jan 2019, based on the following members:

- Eng. Raed Ebraheem Al Mudaiheem

- Mr. Ayman Tarek Al Tayyar

- Mr. Khalid Ali Otein

11- Approval on amending the article four of the Company's bylaw related to the company's activates by adding new activities and amending other activities.

12- Approval on amending the article five of the Company's bylaw regarding the corporation of the company in other companies.

13- Approval on amending the article six of the Company's bylaw regarding the Term of Company.

14- Approval on amending the article nine of the Company's bylaw regarding the preferred Shares.

15- Approval on amending the article eighteen of the company's bylaw regarding the composition of the Board of Directors.

16- Approval on amending the article twenty one of the company's bylaw regarding the board of directors authority.

17- Approval on amending the article twenty third of the company's bylaw regarding the authority of the Board Chairman and Deputy Chairman.

18- Approval on amending the company's bylaw, in order to be in line with the new companies law, and the Capital Market Authority regulations (copy enclosed).

The quorum necessary for this scheduled meeting is shareholders representing 50% of the company's capital. Each shareholder preserves the right to attend the general assembly meeting whether in person or by proxy, subject to the presentation of corroborating evidence or a written power of attorney issued by the notary public or later of authorazation authenticated by the Chamber of Commerce or the shareholders employer, authorizing another person, other than the Board of Directors or employees of the company, to attend the meeting on their behalf. The relevant documents should be sent to P.O. Box 9178, SV City Khalidiya District, Jeddah 21413 and delivered to the company at least 3 days prior to the meeting date; while the original copies of documents should be present on the day of the AGM, with a copy of personal identification (please see attached a letter of authorization template and company location map).

For further inquiries, please do not hesitate to contact us via telephone 0126860011 (Ext.8185) or fax 0126860011 (Ext.7165).

Attached Documents

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