March 10.. Al-Yamamah Steel GA votes to authorize BOD to distribute interim dividends for 2024

The Board of Directors of Al Yamamah Steel Industries Company invited shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) scheduled to be held on March 10, 2024, via modern technology.

According to the company, the assembly will vote on authorizing the Board of Directors to distribute interim dividends semi-annually or quarterly for the fiscal year 2024, and will also vote on the business and contracts that will be concluded between Al-Mojil Trading and Contracting Company.

The right to attend shall be for shareholders registered in the register of shareholders of the issuer at the Depository Center at the end of the trading session that precedes the General Assembly meeting and in accordance with the rules and regulations. The right to register attendance for the Assembly meeting ends at the time of the Assembly meeting, and the right to vote on the Assembly items for those present ends when the screening committee finishes categorizing voices.

The ordinary general assembly meeting is also valid if it is attended by shareholders representing at least a quarter of the capital. If the quorum necessary to hold this meeting is not available, 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.

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