Marafiq to discuss authorizing BOD to distribute interim profits for the year 2023

The Board of Directors of Power and Water Utility Company for Jubail and Yanbu (Marafiq) announced to invite its shareholders to participate and vote in the company’s Ordinary General Assembly meeting (First meeting), which is scheduled to be held, at exactly 6:30 pm on Wednesday 17 May 2023, from the Company’s main headquarters in Jubail Industrial City, utilising modern technology through the use of Tadawulaty system.

General Assembly Meeting Agenda

1. voting on the external auditor report for the fiscal year ended on December 31, 2022, after discussing it.

2. Review and discuss the financial statements for the fiscal year ended on December 31, 2022.

3. Review and discuss the Board of Directors report for the fiscal year that ended on December 31, 2022.

4. Voting on the discharge of the Board of Directors members for the fiscal year ended December 31, 2022.

5. Voting on the payment of SR 1,050,481 as a remuneration for the members of the Board of Directors for the year ended December 31, 2022.

6. Voting on authorizing the Board of Directors to distribute interim, semi-annual dividends for the fiscal year 2023.

Attendance Eligibility for Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre at the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations

The legal quorum for holding the ordinary general assembly is the presence of shareholders who represent at least half of the capital. If the quorum required to hold the meeting is not complete, 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.

Shareholders can remotely vote on the General Assembly Meetings agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa please note that registration in Tadawulaty service and voting is provided free of charge to all shareholders. The remote voting will start on Saturday, May 13, 2023, at 01:00 am the voting will end once the Ordinary General Meeting ended.

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.