Fitaihi Group Votes on Electing Members of BOD

The Board of Directors of Fitaihi Holding Group invited its shareholders to participate and vote in the Ordinary General Assembly Meeting No. 23 (the first meeting), on Tuesday 15.03.2022, through means of modern technology, using Tadawulaty System.

Fitaihi Holding Group added that this is in order to ensure the safety of the shareholders in the Capital Market, in support of the preventive and precautionary efforts, applied by the relevant and competent Health Authorities, and as an extension of the continuous efforts of the Government Agencies in the Kingdom of Saudi Arabia in taking the necessary preventive measures to stop its spread.

It also 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.

Il also added that as per Article (30) of the Company’s Articles of Association, the quorum for holding the GA Meeting will be at least (25%) of the capital. In case of non-completion of the quorum at this meeting, a second meeting will be held within an hour of the scheduled time for the first meeting, and this meeting will be valid regardless of the number of the shares represented therein.

General Assembly Meeting Agenda:

1. Voting for the election of the Board members from among the candidates for the next term, starting on 22.04.2022, for three years, ending on 21.04.2025.

All shareholders registered in the Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start on Saturday 12.03.2022, and will last until the end of the Ordinary General assembly time.

The eligibility to register attendance at the Assembly Meeting ends at the convening time of the GA. The right to vote on the items of the agenda for attendees ends when the Counting Committee finishes counting the votes, the company concluded.