‎“Zoujaj” GA to vote on electing BOD members

The Board of Directors of the National Glass Industries Company (Zoujaj) called on shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held on Thursday 09-22-1444 AH corresponding to 04-13-2023 AD at 10:30 pm, on behalf of The way of modern technology

Each shareholder registered in the company’s shareholder register at the Depositary Center (Edaa) at the end of the trading session that precedes the meeting of the General Assembly has the right to attend the meeting of the General Assembly, and according to the rules and regulations, shareholders have the right to discuss the topics on the agenda of the Assembly and direct their inquiries.

The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a quarter of the capital. If the necessary quorum for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.

Assembly agenda:

1- Review and discuss the report of the Board of Directors for the year ending 12-31-2022.

2- Voting on the company’s auditor’s report for the fiscal year ending on 12-31-2022 AD, after discussing it.

3- Reviewing and discussing the financial statements for the fiscal year ending on 12-31-2022.

4- Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 12-31-2022 AD.

5- Voting to pay an amount of (1,600,000) riyals as a reward for the members of the Board of Directors, at the rate of (200,000) for each member for the fiscal year ending on 12-31-2022 AD.

6- To vote on the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the (second and third) and annual quarters of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD, and determine his fees.

7- Voting to authorize the Board of Directors to distribute interim profits on a semi/quarterly basis for the fiscal year 2023 AD.

8- To vote on the election of the members of the Board of Directors of the company for the next session, which starts from the date of 04/13/2023 AD and its duration is three years, ending on the date of 04/12/2026 AD. (CV attached).

9- To vote on the formation of the Audit Committee for the new session, which starts from 04-13-2023 AD and for a period of three years ending on 04-12-2026 AD, and to approve its tasks, work controls and rewards for its members, and to approve the appointment of the following candidates: Attached are their CVs:

– Muhammad Ahmed Yassin Al-Sheikh

Othman Riyad Muhammad Al-Humaidan

– Ahmed Yaqoub Youssef Al-Farih

Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the Ordinary General Assembly starting from 1 am on Sunday on 09-18-1444 AH corresponding to 04-09-2023 AD until the end of the Ordinary General Assembly meeting time, and registration and voting will be in Tadawulaty services.