| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Jazan Development and investment Company is pleased to invite the valued shareholders to participate and vote in the Ordinary General Assembly meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | By using modern technology from the company's headquarter in Jazan |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2024-05-15 Corresponding to 1445-11-07 |
| Time of the General Assembly’s Meeting | 18:30 |
| 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 Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least 25% of the Company’s capital. In the absence of a quorum required for holding this 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) Review and discuss the Board of Director's report on the fiscal year that has ended on December 31, 2023.
2) Voting on the auditor's report for the fiscal year ending on December 31, 2023 after discussing it. 3) Review and discuss the financial statements for the fiscal year that has ended on December 31, 2023. 4) Voting on the appointment of the company's auditors from the candidates based on the recommendation of the Audit Committee, for the examination, review, and auditing of the financial statements for the second and third quarters and the annual fiscal year 2024, and the first quarter of the financial year 2025, and determining their fees. 5) Voting on amending the Corporate Social Responsibility policy regulations. (Attached) 6) Voting on the Competition Policies and Standards regulations. (Attached) 7) Voting on granting a bonus of 700,000 Saudi Riyals to the members of the Board of Directors for the fiscal year that has ended on December 31, 2023. 8) Voting on the decision of the Board of Directors to appoint Dr. Abdullah bin Ali Al-Dubaikhi as a non-executive member of the Board of Directors, starting from his appointment date on January 3, 2024, to complete the Board's term until the end of the current term on April 12, 2025, replacing the former member Ms. Badour Nasser Al-Rashoudi - non-executive. (Attached is the curriculum vitae). 9) Voting on the decision of the Board of Directors to appoint Mr. Ibrahim bin Abdullah Al-Jasser as an independent member of the Board of Directors, starting from his appointment date on January 3, 2024, to complete the Board's term until the end of the current term on April 12, 2025, replacing the former member Mr. Mohammed bin Abdullah Al-Khattaf - independent. (Attached is the curriculum vitae). 10) Voting on the decision of the Board of Directors to appoint Mr. Sultan bin Abdullah Al-Shalash as an independent member of the Board of Directors, starting from his appointment date on January 7, 2024, to complete the Board's term until the end of the current term on April 12, 2025, replacing the former member (Engineer Majid bin Abdullah Al-Issa - independent). (Attached is the curriculum vitae). 11) Voting on authorizing the Board of Directors with the authority of the Ordinary General Assembly, as stated in paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the authorized Board's term, whichever comes first, according to the conditions stated in the Executive Regulations of the Companies Law for listed joint-stock companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics on the Assembly's agenda and ask questions. Registration and voting will be available free of charge to all shareholders using the following link:
(www.tadawulaty.com.sa) |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty will be able to vote electronically on the Assembly Agenda. Electronic voting will start from 01.00 a.m. of Saturday 03-11-1445 AH. corresponding to 11-05-2024 AD and will last until the end of the Assembly time. |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, you may contact Shareholders Relations on tel. No. 017-3222162 during company office hours from Sunday until Thursday from 08:00 a.m. to 04:00 p.m.
Inquiries about Assembly Agenda may also be sent through email: ir@jazadco.com.sa |
| Attached Documents | |
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