Quara Finance Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Quara Finance Company are delighted to invite the Shareholders of the Company to participate and vote in the Extraordinary General Assembly (First Meeting) Scheduled to be conveyed on Wednesday evening at 19:30 PM on 13/04/1446, corresponding to 16/10/2024, electronically through Tadawulaty. |
| City and Location of the General Assembly's Meeting | In Riyadh city at the company’s location, the meeting will be virtual through modern means of technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-10-16 Corresponding to 1446-04-13 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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 | The Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the capital. If the quorum is not met in the first meeting, a second meeting will be held one hour after the end of the time specified for the first meeting. In all cases, the second meeting shall be valid if attended by shareholders representing at least a quarter of the capital |
| General Assembly Meeting Agenda | 1) Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2023. (Attached) 2) Review and discuss the financial statements for the fiscal year ending December 31, 2023. (Attached) 3) Vote on the external auditor's report for the fiscal year ending December 31, 2023, after discussion. (Attached) 4) Vote on the appointment of the company's external auditor from among the candidates based on the recommendation of the Audit Committee to examine and review the financial statements for the second and third quarters and the annual financial statements for the year 2024, as well as the first quarter of the fiscal year 2025, and determine their fees. (Attached) 5) Vote on the contracts and transactions between the company and Al-Khair Capital Saudia, in which Board Members Mr. Abdullah bin Abdulrahman Al-Shalash , Mr. Abdulrahman bin Abdulaziz Al-Masnad and Mr. Majid bin Abdulrahman Al-Qassim (previous Board of Directors Member for the period ended on 29/02/2024) have an indirect interest, specifically an investment portfolio management agreement. In 2023, the revenue balance amounted to SAR 3,330,772, and these contracts and resulting balances were executed without any preferential terms or advantages. (Attached) 6) Vote on amending the company's articles of association to align with the new Companies Law, including rearranging and renumbering the articles in accordance with the proposed amendments. (Attached) 7) Vote on the remuneration policy for Board members, sub-committees, and executive management. 8) Vote on the dividend distribution policy. 9) Vote on the corporate social responsibility policy. 10) Vote on granting an amount of SAR 245,250 (two hundred forty-five thousand two hundred fifty Saudi Riyals) as remuneration to Board members for the fiscal year ending December 31, 2023. 11) Vote on the exoneration of the Board members for the fiscal year ending December 31, 2023. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The attending shareholders are entitled to discuss the agenda items and ask questions |
| Details of the electronic voting on the Assembly’s agenda | Esteemed shareholders can vote remotely on the items of the assembly's agenda through the electronic voting service. Please note that registration for the service and voting is free for all shareholders, starting from 01:00 AM on Saturday, October 10, 2024, corresponding to 07 Rabee' Al-Thani, 1446 AH, until the end of the assembly meeting. the vote remotely visit Tadawulaty website https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | To learn how to join the meeting or for inquiries, you can contact the company's management through the following channels: Phone: 8001188999 Fax: 0118295198 Email: Governance@QuaraFinance.com |
| Additional Information | N/A |
| Attached Documents | |
Attachments
1727241399_19692_5526_2024-09-24_20-43-28_en.pdf1727241402_19692_5526_2024-09-24_20-43-34_en.pdf
1727241404_19692_5526_2024-09-24_20-43-39_en.pdf
1727241404_19692_5526_2024-09-24_20-43-57_en.pdf
1727241406_19692_5526_2024-09-24_20-45-18_en.pdf
