L’azurde GA to discuss authorizing BOD for 2022 interim profit distribution

L’azurde Company for Jewelry’s Board of Directors is pleased to invite its shareholders to participate in the Extraordinary General Assembly meeting (the third Meeting) which will be held virtually via modern technology means provided by Tadawulaty on Tuesday 01/12/1443H corresponding to 30/06/2022 at 19:30 pm.

General Assembly Meeting Agenda:

1. To vote on the Board Report for the fiscal year ended 31st December 2021.
2. To vote on the Auditors Report for the fiscal year ended 31st December 2021.
3. To vote on the Financial Statements for the fiscal year ended 31st December 2021.
4. To vote on the appointment of external auditors from among the candidates recommended by the Audit Committee to audit the Company’s financial statements for the second, third quarter and the annual financial statements for the fiscal year 2022 and the first quarter of the fiscal year 2023 along with determining their fees.
5. To vote on the Board of Directors’ and Committees remunerations and compensation for their membership (SR 2,544,349) for the fiscal year ended 31st December 2021.
6. To vote on the recommendation of the Board of Directors to distribute cash dividends to the shareholders for the financial year ended on 31 December 2021, amounting to (SR 14,375,000) at (SR 0.25) per share representing (2.5%) of the company’s capital. The eligibility will be to the Shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center at the end of the second trading day following the due date. The dividend payment date will be announced later.
7. To vote on authorizing the Board of Directors to distribute interim dividends to shareholders for the fiscal year 2022 on bi-annually or quarterly basis and determine the due and disbursement date in accordance with the regulatory rules and procedures issued in implementation of the Companies’ Law.
8. To vote on delegating to the Board of Directors, the General Assembly’s powers stipulated in paragraph (1) of Article (71) 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 Regulatory Rules and Procedures issued pursuant to the Companies Law related to listed joint-stock companies.
9. To vote on releasing Board of Directors members from liability for the fiscal year ended 31 December 2021.
10. To vote on amending Article (24) of the Company’s bylaws relating to (Quorum of Meetings and Decisions). (Attached).
11. To vote on amending the Audit Committee Charter (Attached).
12. To vote on amending the Conflict of Interest Policy (Attached).

The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 10:00 AM on Sunday 27/11/1443H corresponding to 26/06/2022 and shall continue until the end of the General Assembly meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link:

www.tadawulaty.com.sa.

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

Extraordinary General Assembly Meeting will be held by the shareholders who attended regardless attendance percent