Sustained Infrastructure Holding Co. — AGM Information 2022

Apr 19, 2022

Saudi Industrial Services Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting NO.32 through modern technology

2190 · 19/04/2022 15:44:07 · Announcement #67798 · View on Saudi Exchange

Saudi Industrial Services Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting NO.32 through modern technology

Element List	Explanation
Introduction	The Board of Directors of Saudi Industrial Services Co. is pleased to invite the valued shareholders to participate and vote in the General Assembly meeting (the first meeting ) scheduled to be held through modern technology methods, at (18:30) on Thursday 05/12/2022 AD corresponding to October 11, 1443 AH
City and Location of the General Assembly's Meeting	Head Office – Jeddah - through modern technology methods
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the General Assembly's Meeting	2022-05-12 Corresponding to 1443-10-11
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Shareholders Registered in the Issuer’s 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	The General Assembly meeting shall be valid if attended by shareholders representing at least one-fourth of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented.
General Assembly Meeting Agenda	1. Voting on the Board of Directors Report for the fiscal year ended 31 December 2021.

2. Voting on the consolidated Financial Statements for the fiscal year ended 31 December 2021.

3. Voting on the Auditors Report for the fiscal year ended 31 December 2021.

4. Voting on the appointment of the External Auditors for the Company’s from the nominees, and determine their fees based on the Audit Committee recommendation to review and audit the Company’s Interim Financial Statements for the second, third and fourth quarters of the fiscal year 2022 and full year as well as the first quarter of the fiscal year 2023.

5. Voting on the absolving the Board of Directors from their liabilities pertaining to the management of the Company for the fiscal year ended 31 December 2021.

6. Voting on authorizing the Board of Directors to distribute interim dividends to the shareholders for the financial year 2022.

7. Voting on increasing the number of AC seats from (3) to (4) seats, whereby the number of AC becomes (4) members by appointing Mr. Nader Ashour (Member from outside the Board) starting from the date of the Annual General Assembly until the end of the current AC committee's cycle which will end on June 30, 2023.(CV attached)

8. Voting on the transactions and contracts between SISCO subsidiary Saudi Trade and Export Development Company (LogiPoint) with Xenel Industries Limited, which owns 14.69% shares in SISCO (note that Mr. Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, current Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint). The value of transaction for 2021 was SR 0.38 million and it mainly pertained to cross charge of actual expenses which are shared by the Group companies.(attached)

9. Voting on the transactions and contracts between SISCO subsidiary Red Sea Gateway Terminal Co. (RSGT) and Karam Al Arabi Catering, an affiliate of Xenel Industries Limited, which owns 14.69 % shares in SISCO (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of RSGT and Chairman of the Board of Directors of SISCO). The value of transaction for 2021 was SR 19.30 million and it mainly pertained to provision of meals and management of employees’ housing camps for RSGT. Those transactions are on general commercial terms executed without any preferential treatment.(attached)

10. Voting on the transactions and contracts between SISCO subsidiary Saudi Trade and Export Development Company (LogiPoint) and Arabian Bulk Trade Company, a subsidiary of Xenel Industries Limited, which owns 14.69 % shares in SISCO (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint). The value of transaction for 2021 was SR 0.35 million and it mainly pertained to lease of land and warehouses by LogiPoint. Those transactions are on general commercial terms executed without any preferential treatment.(attached)

11. Voting on SISCO to acquire 31.66% shares in Green Dome Investments Limited from its subsidiary LogiPoint, of which SISCO owns 76% shares (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint. Also, Eng. Saleh Hefni has an indirect interest as he is one of the members of Board of Directors of SISCO and one of the members of Board of Directors of LogiPoint). The value of the transaction is SAR 44.5 million. The transaction is being conducted at fair value and on general commercial terms executed without any preferential treatment. Proxy Form E-Vote The company assures to all its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 10:00 am on Sunday 7/10/1443 Corresponding 8/5/2022 until the end of the assembly time.

Registration and voting for Tadawulaty services will be available free of charge to all shareholders 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 In the event of an inquiry, we hope to contact the Shareholders Relations Department through

Phone number: 0126619500

Email: Maqbool@sisco.com.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.