ACWA POWER Invites Shareholders to Attend First Meeting of General Assembly

The Board of Directors ACWA POWER Company (ACWA Power) invited the company’s shareholders to participate and vote in the company’s Ordinary General Assembly Meeting (First Meeting) scheduled to be held on Thursday February 17, 2022. Following the precautionary measures by the competent and relevant health authorities in the Kingdom of Saudi Arabia to control Covid-19, the meeting will be virtual as an extension of the continuous efforts made by all government entities in the Kingdom of Saudi Arabia to prevent its spread.

The company indicated that the 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.

It added that the quorum for convening the General Assembly’s meeting is in accordance with Article (37) of the Company’s Bylaws, The first meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least 50% of the Company’s capital.

It also added if quorum is not met at this meeting, then a second meeting will be held within one hour of the scheduled time of the first meeting. The second meeting shall be valid irrespective of the number of shares represented therein.

The shareholders can vote remotely at the Ordinary General Assembly Meeting agenda via the free E-voting services on Tadawul starting from Monday 14 February 2022, and the E-voting will end once the Ordinary General Meeting concludes.