Maharah GA to vote on authorizing BOD for 2022 interim profit distribution

The Board of Directors of Maharah Human Resources Company are pleased to invite its shareholders to attend the fifth Ordinary General Assembly Meeting (the first meeting), which will be held remotely on Tuesday 29-11-1443 AH corresponding to 28-06-2022 AD, at (20:30) PM.

The First Ordinary General Assembly Meeting will be valid if attended by shareholders representing at least Quarter of the capital, and if the quorum required for holding this meeting is not meet, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it. According to the text of Article (32) of the company’s articles of association.

General Assembly Meeting Agenda:

1. 1. Voting on the Board of Directors’ report for the fiscal year ending on December 31, 2021.
2. 2. Voting on the company’s auditor’s report for the fiscal year ending on December 31, 2021 AD.
3. 3. Voting on the annual consolidated financial statements for the fiscal year ending on December 31, 2021.
4. 4. Voting to appoint the company’s external auditor from among the candidates based on the recommendation of the audit committee to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2022 AD and the first quarter of the fiscal year 2023 AD, and determine their fees.
5. 5. Vote to absolve the members of the Board of Directors from liability in relation to their management of the company’s business during the fiscal year 2021 AD.
6. 6. Voting to authorize the Board of Directors to distribute interim dividends, semi-annually, for the fiscal year 2021 AD.
7. 7. Voting to authorize the Board of Directors of the authority of the Ordinary General Assembly with the license mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year, starting from the date of the association’s approval or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the controls And the regulatory procedures issued in implementation of the Companies Law for listed joint stock companies.
8. 8. Voting on the business and contracts that have been concluded between the company and Atyaf Support Services Company, which the following board members have: Mr. Suleiman Al Majid, Mr. Abdullah Al Majid, Dr. Saud Al Shathry, Mr. Ali Al Damati, Dr. Abdullah Al Amro indirect interest in them, which are manpower service from 24-04-2021AD to 23-04-2022 AD without any preferential conditions, and the transaction value was 109,800,516 Saudi riyals.(attached)
9. 9. Voting on the business and contracts concluded between the company and Shifa Arabia Midical Company, which the following board members have: Dr. Abdullah Al-Amro, an indirect interest in them, which are manpower service from 20-02-2021AD to 20-2-2022 AD without any preferential conditions, and the transaction value was 1,230,547 Saudi riyals.(Attached)
10. 10. Voting on the business and contracts concluded between the company and Mozen Telecomm systems Company, which the following board members have: Dr. Abdullah Al-Amro, an indirect interest in them, which are rent a building from 07-04-2021AD to 07-04-2022 AD without any preferential conditions, and the transaction value was 1,230,547 Saudi riyals.(Attached)
11. 11. Vote to amend the policy of rewards and allowances of board members, committees and executive management. (Attached)
12. 12. To vote on disbursing an amount of (2,909,000) Saudi riyals, as remuneration and compensation for members of the Board of Directors for the fiscal year ending on December 31, 2022 AD.

Shareholders registered on the Tadawulati Services website will be able to vote remotely on the General Assembly’s Meeting Agenda through the (Electronic Voting) service, which will start from Friday morning (10:00 AM) dated 25-11-1443H 24-06-2022, and ending when the General assembly meeting finishes. The registration and voting on the Tadawulaty platform are freely available for all shareholders by using 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