Middle East Specialized Cables Co. — Proxy Solicitation & Information Statement 2024

Nov 18, 2024

Middle East Specialized Cables Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (Third Meeting)

2370 · 18/11/2024 15:30:38 · Announcement #83711 · View on Saudi Exchange

Middle East Specialized Cables Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (Third Meeting)

Element List	Explanation
Introduction	The Board of Directors of Middle East Specialized Cables Company is pleased to invite the honorable shareholders to participate and vote in the extraordinary general assembly meeting (third), which is scheduled to be held, God willing, at Six-thirty in the evening on Tuesday, 11-06-1446 corresponding to 12-12-2024, through modern technology.
City and Location of the General Assembly's Meeting	Riyadh - the company's headquarters, King Abdulaziz District, Salah Al-Din Al-Ayoubi Street - through modern technology.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-12-12 Corresponding to 1446-06-11
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	According to Article (32) of the Company's Articles of Association, the third meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda	1.Voting on delegating the authority of the Board of Directors to the General Assembly with the license mentioned in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions contained in the Executive Bylaws of the Companies Law for Listed Joint Stock Companies.

2.Voting on transferring the company's entire statutory reserve in the amount of (28,985,180) riyals as in the financial statements ending on 31/12/2023 to the retained earnings item.

3.Voting on the amendment of Article (3) of the Company's Articles of Association related to the Company's purposes. (attached)

4.Voting on the amendment of Article (16) of the Articles of Association of the company related to the management of the company (attached)

5.Voting on the amendment of Article (19) of the Articles of Association of the company related to the powers of the Board of Directors. (attached)

6.Voting on the amendment of Article (20) of the Company's Articles of Association related to the remuneration of the members of the Board of Directors (attached)

7.Voting on the amendment of Article (21) of the Articles of Association of the company related to the powers of the President, Deputy, Managing Director and Secretary. (attached)

8.Voting on the amendment of Article (23) of the Company's Articles of Association related to the quorum of the Board of Directors meeting. (attached)

9.Voting on the amendment of Article No. (41) of the Company's Articles of Association related to the distribution of profits. ( attached ) Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The shareholder has the right to discuss the topics on the agenda of the General Assembly and ask questions to the members of the board of directors, noting that voting in tadawulaty services is available free of charge to all shareholders using the following link : www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda Shareholders registered on the Tadawulaty services website can vote remotely on the items of the General Assembly starting from 01:00 am on Sunday (7 Jumada Al-akhir 1446 corresponding to December 8, 2024) until the end of the General Assembly.

Registration and voting in Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa Method of Communication in Case of Any Enquiries In the event of an inquiry, we hope to contact the Investor Relations Department during office hours from 8:00 am to 4:00 pm through

Phone number: 00966114767373 Ext:1066

Email: IR@mesccables.com 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.