| Element List | Introduction |
| Explanation | Saudi Telecom Company –stc- (the company) is delighted to announce to its esteemed Shareholders the results of the Extraordinary General Assembly meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | |
| Explanation | The Assembly meeting was held remotely through modern technology |
| Date of the General Assembly's Meeting | |
| Explanation | 2021-04-26 Corresponding to 1442-09-14 |
| Time of the General Assembly's Meeting | |
| Explanation | 22:00 |
| Percentage of Attending Shareholders | |
| Explanation | 83.7% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | |
| Explanation | 1. HRH Prince Mohammed K. A. Al-Faisal. (Chairman of the Board).
2. H.E. Dr. Khaled H. Biyari (Vice Chairman) 3. H.E. Mr. Mohammed T. Alnahhas (Member). 4. Mr. Rashid Ibrahim Sharif (Member). 5. Dr. Ibrahim A. Kadi (Member). 6. Mr. Osama Y. Alkhiary (Member). 7. Mr. Ahmed M. Alomran (Member). 8. Mr. Roy Chestnutt (Member). While Mr. Sanjay Kapoor, Member of the Board of Directors apologized for not being able to attend due to emergency situation at his end. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | |
| Explanation | 1. HRH Prince Mohammed K. A. Al-Faisal. (Chairman of the Board, the Executive Committee, and the Investment Committee).
2. Dr. Ibrahim A. Kadi. (Member of the Board and Chairman of the Audit Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | |
| Explanation | 1. Approve the Board of Director's report for the fiscal year ending on 31-12-2020.
2. Approve the report of stc auditor for the fiscal year ending on 31-12-2020. 3. Approve stc consolidated financial statements for the year ending on 31-12-2020. 4. Approve the amendment of Article No. (17) of stc Incorporation document relating to the company board of directors. 5. Approve the election of members of the board of directors from among the candidates for the next term through cumulative voting process which starts on 28-4-2021 and lasts for three years, ending on 27-4-2024, and their names are as follows: 1. HRH Prince Mohammed K. A. Al-Faisal. 2. H.E. Dr. Khaled H. Biyari 3. H.E. Mr. Mohammed T. Alnahhas 4. Mr. Yazeed A. AlHumied 5. Ms. Rania M. Nashar 6. Mr. Sanjay Kapoor 7. Mr. Arndt F. Rautenberg 8. Ms. Sara J. AlSuhaimi 9. Mr. Ahmed M. Alomran 10. Mr. Jameel A. AlMulhem 11. Mr. Waleed I. Shukri 6. Approve appointing the auditor Ernest & Young (EY) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third, and fourth) quarter and annual financial statements of the fiscal year 2021, and the first quarter of the fiscal year 2022, and the determination of the auditor's remuneration. 7.Approve the Board of Directors recommendation for the additional one-time distributions for the year 2020, of SR (1) per share which represents 10% of the share’s par value with a total amount of SR 2,000 million, the eligibility for dividend will be to Shareholders who own the shares on the day of Company’s general assembly and registered in the company’s shareholders register at Securities Depository Center by the end of the second trading day following the day of general assembly, thus the total dividends distributed and proposed to be distributed for the year 2020 is SR (5) per share which represents 50% of the share’s par value with a total amount of SR 10,000 million, the Dividends distribution for 2,000 million eligible shares shall be in 24/05/2021, as previously announced. 8. Approve delegating the authority of the General Assembly to the Board of Directors with the license mentioned in Paragraph (1) of Article 71 of the Companies Bylaw for a period of one year from the date of approval of the General Assembly or until the end of the term of delegated Board of Directors, whichever is earlier, and in accordance with the conditions mentioned in the related regulations. 9. Approve the business and contracts that have been signed between the Company and Masdr Data Solutions, "a subsidiary of the General Organization for Social Insurance (GOSI)". In which Mr. Ahmed bin Mohammed Al-Omran "a member of the Board of Directors" has an indirect interest within the ordinary course of business and did not grant any preferential benefits, with an amount of (215,000) Saudi riyals in 2020. 10. Approve paying (4,425,000) Saudi riyals as remunerations for the board of directors members for the fiscal year ending on 31/12/2020. |
ELEMENT LIST |
EXPLANATION |
|---|---|
| Introduction | Saudi Telecom Company –stc- (the company) is delighted to announce to its esteemed Shareholders the results of the Extraordinary General Assembly meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | The Assembly meeting was held remotely through modern technology |
| Date of the General Assembly's Meeting | 2021-04-26 Corresponding to 1442-09-14 |
| Time of the General Assembly's Meeting | 22:00 |
| Percentage of Attending Shareholders | 83.7% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. HRH Prince Mohammed K. A. Al-Faisal. (Chairman of the Board).
2. H.E. Dr. Khaled H. Biyari (Vice Chairman) 3. H.E. Mr. Mohammed T. Alnahhas (Member). 4. Mr. Rashid Ibrahim Sharif (Member). 5. Dr. Ibrahim A. Kadi (Member). 6. Mr. Osama Y. Alkhiary (Member). 7. Mr. Ahmed M. Alomran (Member). 8. Mr. Roy Chestnutt (Member). While Mr. Sanjay Kapoor, Member of the Board of Directors apologized for not being able to attend due to emergency situation at his end. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. HRH Prince Mohammed K. A. Al-Faisal. (Chairman of the Board, the Executive Committee, and the Investment Committee).
2. Dr. Ibrahim A. Kadi. (Member of the Board and Chairman of the Audit Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approve the Board of Director's report for the fiscal year ending on 31-12-2020.
2. Approve the report of stc auditor for the fiscal year ending on 31-12-2020. 3. Approve stc consolidated financial statements for the year ending on 31-12-2020. 4. Approve the amendment of Article No. (17) of stc Incorporation document relating to the company board of directors. 5. Approve the election of members of the board of directors from among the candidates for the next term through cumulative voting process which starts on 28-4-2021 and lasts for three years, ending on 27-4-2024, and their names are as follows: 1. HRH Prince Mohammed K. A. Al-Faisal. 2. H.E. Dr. Khaled H. Biyari 3. H.E. Mr. Mohammed T. Alnahhas 4. Mr. Yazeed A. AlHumied 5. Ms. Rania M. Nashar 6. Mr. Sanjay Kapoor 7. Mr. Arndt F. Rautenberg 8. Ms. Sara J. AlSuhaimi 9. Mr. Ahmed M. Alomran 10. Mr. Jameel A. AlMulhem 11. Mr. Waleed I. Shukri 6. Approve appointing the auditor Ernest & Young (EY) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third, and fourth) quarter and annual financial statements of the fiscal year 2021, and the first quarter of the fiscal year 2022, and the determination of the auditor's remuneration. 7.Approve the Board of Directors recommendation for the additional one-time distributions for the year 2020, of SR (1) per share which represents 10% of the share’s par value with a total amount of SR 2,000 million, the eligibility for dividend will be to Shareholders who own the shares on the day of Company’s general assembly and registered in the company’s shareholders register at Securities Depository Center by the end of the second trading day following the day of general assembly, thus the total dividends distributed and proposed to be distributed for the year 2020 is SR (5) per share which represents 50% of the share’s par value with a total amount of SR 10,000 million, the Dividends distribution for 2,000 million eligible shares shall be in 24/05/2021, as previously announced. 8. Approve delegating the authority of the General Assembly to the Board of Directors with the license mentioned in Paragraph (1) of Article 71 of the Companies Bylaw for a period of one year from the date of approval of the General Assembly or until the end of the term of delegated Board of Directors, whichever is earlier, and in accordance with the conditions mentioned in the related regulations. 9. Approve the business and contracts that have been signed between the Company and Masdr Data Solutions, "a subsidiary of the General Organization for Social Insurance (GOSI)". In which Mr. Ahmed bin Mohammed Al-Omran "a member of the Board of Directors" has an indirect interest within the ordinary course of business and did not grant any preferential benefits, with an amount of (215,000) Saudi riyals in 2020. 10. Approve paying (4,425,000) Saudi riyals as remunerations for the board of directors members for the fiscal year ending on 31/12/2020. |
