Saudi Telecom Company (stc) invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) by Means of Modern Technology.
| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company (stc) Board of Directors is honored to invite its shareholders to attend the Ordinary General Assembly's meeting of stc, which will be conducted virtually via Tadawulaty Platform. |
| City and Location of the General Assembly's Meeting | stc HQ, Riyadh (Building 41, Northern Gate No.3, Imam Saud Bin Abdul Aziz Road, Al Mursalat district). |
| URL for the Meeting Location | http://tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-04-19 Corresponding to 1443-09-18 |
| Time of the General Assembly's Meeting | 22:30 |
| Attendance Eligibility | Shareholders registered in stc shareholders registry in the Depository Center 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 | As per Article No. (31) of stc’s Articles of Association, “a meeting of the Ordinary General Assembly shall be valid only if attended by shareholders representing at least half (50%) of the share Capital. If such quorum cannot be attained at the first meeting, a second meeting shall be held within an hour following the time set for the first meeting”. In all cases, the second meeting shall be valid regardless of the number of the shares represented therein. |
| General Assembly Meeting Agenda | 1. Voting on the Board of Directors report for the fiscal year ending on 31-12-2021. 2. Voting on the report of stc auditor for the fiscal year ending on 31-12-2021. 3. Voting on stc consolidated financial statements for the year ending on 31-12-2021. 4. Voting on delegating the Board of Directors with the authority of the General Assembly relating to the permission 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. 5. Voting on paying (6,315,329.68) Saudi Riyal as remunerations for the members of Board of Directors for the fiscal year ending on 31-12-2021. |
| Proxy Form |  |
| E-Vote | All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start Friday at 10:00AM on 15-04-2022 corresponding to 14-09-1443 and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: http://tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for registering the attendance of the Assembly’s meeting ends upon the beginning of the Ordinary General Assembly’s meeting. Eligibility for voting on the Assembly’s Meeting Agenda ends upon the Counting committee concludes counting the votes. |
| Method of Communication | For more inquiries please contact the Shareholders Affairs Section in the General Department of Investor Relations, building No.2, P.O. Box 87912 Riyadh 11652 Toll Free: 8001161100 E-mail: IRU@stc.com.sa |
| Attached Documents | |
