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Al-Omran Industrial Trading Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Omran Company for Industry and Trade is pleased to invite the shareholders to the Ordinary General Assembly meeting (first meeting) through modern technological means, scheduled to be held, God willing, on Sunday at exactly eight thirty in the evening on 18/11/1445 AH corresponding to 26/05/ 2024 AD at the company’s headquarters located in the city of Riyadh via modern technical means remotely using the Tadawulati service website |
| City and Location of the General Assembly's Meeting | The company's main headquarters is in Riyadh using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-26 Corresponding to 1445-11-18 |
| Time of the General Assembly’s Meeting | 20:30 |
| 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 (22) of the company’s bylaws, the assembly meeting will be valid if it is attended by shareholders representing at least a quarter of the company’s capital. In the event that a quorum is not reached for this meeting, a second meeting will be held an hour later and it will be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | First item: Reviewing the Board of Directors’ report for the year ending 31/12/2023 AD and discussing it. The second item: Review and discuss the company’s consolidated financial statements for the year ending on 31/12/2023 AD The third item: Vote on the auditor’s report for the year ending 31/12/2023 AD after discussing it. fourth item: Vote on appointing an auditor for the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the (second and third) and annual quarters of the fiscal year 2024 AD, and the first quarter of the fiscal year 2025 AD, and determine his fees. Fifth item: Voting on the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad bin Omran, and Mr. Abdul Rahman Muhammad bin Omran, have an indirect interest in it, which is (financing), as the transactions in 2023 AD were It amounted to (382,000 riyals) without preferential conditions (attached) Sixth item: Voting on the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Muhammad Omran Al-Omran, Mr. Nasser Muhammad bin Omran, and Mr. Abdul Rahman Muhammad bin Omran, have an indirect interest in which are (rents for the company’s employees’ housing and warehouses), where the transactions were In 2023 AD, it amounted to (1,179,800 riyals) without preferential conditions (attached) Seventh item: Voting on the business and contracts concluded between the company and Abaad Real Estate Investment Company, in which the members of the Board of Directors, Mr. Mohammed Omran Al-Omran, Mr. Nasser Mohammed bin Omran, and Mr. Abdul Rahman Mohammed bin Omran, have an indirect interest in which are (acting expenses), as the transactions were in 2023 AD. It amounted to (34,206 riyals) without preferential conditions (attached) Eighth item: Voting on the business and contracts concluded between the company and the member of the Board of Directors, Mr. Abdul Rahman Mohammed bin Omran, in which he has a direct interest, which is (financing), as transactions in 2023 amounted to (800,000 riyals) without preferential conditions (attached) Clause nine: Voting on the business and contracts concluded between the company and the member of the Board of Directors, Mr. Nasser Mohammed bin Omran, in which he has a direct interest, which is (purchasing assets), as transactions in 2023 amounted to (166,783 riyals) without preferential conditions (attached) Item ten: Vote on discharging members of the Board of Directors from their liabilities for the year ending on 31/12/2023 AD |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The right to register attendance at the Assembly meeting ends at the time of the Assembly meeting, and the right to vote on the Assembly’s items for attendees ends when the sorting committee finishes counting the votes. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote remotely on the assembly’s items starting at one o’clock in the morning on Wednesday 14/11/1445 AH corresponding to 22/05/2024 AD until the end of the meeting time. Registration and voting in Tadawulati services will be available and free for all shareholders by using the link. the next : https://tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any questions, please contact the Shareholder Relations Department, phone number 0112305566 – Ext. 117 Or to the following email: ayedh@alomranco.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.
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Last Price 37.6
Net Change -0.35 (-0.92%)
Value Traded (Sar) 4,038,937.75
Volume Traded 107,031
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