The Board of Molan steel co is pleased to invite the shareholders to participate and vote in the ordinary general assembly meeting (the first meeting), which is scheduled to be held at 8:30 on Monday May 29, 2023, through modern technology by using Tadawulaty system.
City and Location of the General Assembly’s Meeting
From company headquarters, at Riyadh city by using modern technology means (using Tadawulaty system only).
URL for the Meeting Location: www.tadawulaty.com.sa
Date of the General Assembly’s Meeting: 2023-05-29 Corresponding to 1444-11-09
Time of the General Assembly’s Meeting: 20:30
Shareholders registered in the issuer’s shareholders register at the Depository Center at the end of the trading session preceding the general assembly meeting and in accordance with the rules and regulations, and the shareholder has the right to discuss the topics on the agenda of the assembly and ask questions.
Quorum for Convening the General Assembly’s Meeting
The convening of the ordinary general assembly meeting shall not be valid unless attended by shareholders representing at least half of the company’s capital, if this quorum is not available in the first meeting, the invitation to a second meeting is issued an hour after the end of the period specified for the first meeting, and in all cases the second meeting shall be valid, regardless of the number of shares represented in it.
General Assembly Meeting Agenda
1- Review and Discuss the report of the Board of Directors for the fiscal year ended on December 31, 2022
2- To vote on the company’s auditor’s report for the fiscal year ended on December 31, 2022
3- Review and Discuss the financial statements for the fiscal year ended on December 31, 2022
4-To vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee to examine, review and audit the semi-annual and annual financial statements of the fiscal year 2023 and and determine wage
5-To vote to releasing the members of the Board of Directors from liability for the fiscal year ended on December 31, 2022
6-To vote on delegating the Board of Directors to distribute interim dividends for the fiscal year 2023 on bi-annually or quarterly
7- To vote on delegating to the Board of Directors, the General Assembly’s powers stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year from the General Assembly’s approval, or until the end of the Board of Directors’ term whichever is earlier, in accordance with the terms stated in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any)
Shareholders registered in Tadawul can vote electronically remotely on the items of the Ordinary General Assembly starting from one am on Sunday, May 25, 2023 until the end of the time of the General Assembly, and voting and registration in Tadawulaty service will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting
Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes.
Method of Communication
In the event of any inquiries ,please contact:
- the Shareholders Relations Department: +966112255601
- email: email@example.com