Saudi Telecom Co. — AGM Information 2016

Mar 3, 2016

Saudi Telecommunications invites its shareholders to attend the Ordinary General Assembly

7010 · 03/03/2016 15:52:07 · Announcement #41518 · View on Saudi Exchange

Saudi Telecommunications invites its shareholders to attend the Ordinary General Assembly

The Saudi Telecommunications Company board of directors invites its respectful shareholders who hold 20 shares or more to attend Ordinary general assembly scheduled, Allah willing, on Monday 26/06/1437 Hijri corresponding to 04/04/2016 at 6:30 pm in the King Faisal Convention Hall at the Intercontinental Hotel Riyadh. to deliberate the following agenda items::

(1) voting the Board of Directors report for the financial year ending 31/12/2015.

(2) Voting the auditor report of the company for the financial year ended 31/12/2015.

(3) voting the consolidated financial statements of the Company for the year ended 31/12/2015.

(4) voting the Board of Directors recommendation to distribute the dividend for the fourth quarter of the financial year 2015 for the amount of (1) Riyal per share for a total amount of (2) billion Riyals (10% of share capital) in addition to what has been distributed for the first three quarters of 2015 which is (3) Riyals per share bringing the total amount of dividend distributed for the financial year 2015 to (4) Riyals per share. Eligibility for fourth quarter dividend for the financial year 2015 shall be for shareholders registered as of the end of trading day on the date of the General Assembly; dividend will be distributed on Thursday 21/07/1437 Hijri corresponding to 28/04/2016, the remaining earnings to be retained for the coming years.

(5) voting the appointment of accounts auditor who is nominated by the audit committee to provide audit services and zakat & tax of the company for the financial year ended 31/12/2016 and the quarterly financial statements, and also determine his fees.

(6) voting the company's dividends payout policy for the three-year period commencing the fourth quarter of 2015.

(7) voting the remuneration of the members of the Board of Directors for the amount of (200,000) Riyals for each member for the financial year ending on 31/12/2015.

(8) voting Give quietus to the Board of Directors members for the year ending on 31/12/2015.

In order to have a quorum, 50% of the capital shareholding must be represented, and each shareholder who owns at least (20) shares has the right to attend the Ordinary General Assembly. Shareholders unable to attend on the said date who wish to give proxy to another shareholder entitled to attend other than the members of the Board of Directors and the company employees are kindly requested to send the required proxy notarized by the Chamber of Commerce or any bank or place of employment to the following address:

Saudi Telecommunications Company

General Directorate for Investor Relations - Shareholders Section

Building 2

P.O. Box 87912

Riyadh 11652

The notarized proxy must be received at least three days prior to the assembly meeting date, the shareholder (whether in person or an authorized representatives) must bring a personal identification card, pursuant to the decree of the Minister of Commerce number 294 dated 13/02/1422 Hijri. Shareholders who wish to attend must register their names in the attendance log, knowing that this log shall be closed half an hour before the start of the meeting. For information, please call: 8001161100 or fax: 0112152732

May Allah grant us success.

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