Aseer General Assembly Discusses Changing its Name to Sinad Holding

Aseer Company for Trading, Tourism, Manufacturing, Agriculture, Real Estate and Contracting said on Wednesday that it invites the shareholders to participate in the Extraordinary General Assembly meeting to vote on amending the name of the Company to be Sinad Holding Company.

The first meeting will be held at 6:30 pm on Sunday, 09.01.2022. This is for the safety of the shareholders and to supports the efforts and precautionary measures to prevent the spread of Coronavirus (COVID-19) issued by the health ministry and in continuation of support government authorities efforts to enforce measures that prevent the spread of the pandemic in the Kingdom of Saudi Arabia.

The Meeting schedule included:

• Voting on amending article No. (2) of the Company’s article of association, concerning the name of the Company to be Sinad Holding company – (Joint Stock Company – Listed).
• Voting on amending article No. (3) of the Company’s article of association, concerning the purposes of the Company.
• Voting on amending article No. (5) of the Company’s article of association, concerning the head office of the Company.

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 Extraordinary General Meeting of the General Assembly shall be held in the presence of shareholders representing half of the company’s capital.

In case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting.

The second meeting shall be valid if attended by shareholders representing at least 25% of the Company’s capital.

The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Wednesday website www.tadawulaty.com.sa.

The remote voting will start on Wednesday 05-01-2022 at 10:00 AM, and the voting will end once the Ordinary General Meeting ended. Please note that registration in Tadawulaty service and voting is provided free of charge.

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.