Mobily GA to vote on SR654.5mln Profit Distribution for 2021

The Board of Directors of Etihad Etisalat Co. (Mobily) is pleased to invite the Company shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting) that will be conducted on Monday 22/10/1443H corresponding to 23/05/2022 at 19:00 via modern technologies using Tadawulaty systems.

General Assembly Meeting Agenda:

1. To vote on the Company financial statements for the fiscal year ending 31/12/2021.

2. To vote on the auditor report for the fiscal year ending 31/12/2021.

3. To vote on the Board of Directors report for the fiscal year ending 31/12/2021.

4. To vote on releasing the members of the Board of Directors from their liabilities for the fiscal year ending 31/12/2021.

5. To vote on the businesses and contracts made with Emirates Telecommunications Group Company, where following members of the Board of Directors were indirectly interested: (for the previous term: Eng. Saleh Al Abdooli, Eng. Khalifa Al Shamsi and Mr. Serkan Okandan); (and the current term: Eng. Khalifa Al Shamsi, Eng. Hatem Dowidar and Dr. Mohammed Karim Bennis). Details of which are:

Interconnection and roaming services rendered of (43,813) thousand SAR, interconnection and roaming services received of (347,635) thousand SAR, managements fees of (120,838) thousand SAR, other management expenses of (6,645) thousand SAR, and other telecommunications services of (4,294) thousand SAR, without preferential conditions. (Attached)

6. To vote on the businesses and contracts made between the company and Public Pension Agency, where Mr. Suliman Al-Gwaiz, Chairman of the Board of Directors and Mr. Hussain Al Asmari, Member of the Board of Directors were indirectly interested. Details of which are to establish a call center, for a period of one year starting from 11-04- 2021 until 10-04-2022 and without preferential conditions, at a value of SAR 4,087,235 (Attached)

7. To vote on the businesses and contracts made between the company and the Company for Cooperative Insurance (Tawuniya), where the member of the Board of Directors, Eng. Homood Al Tuwaijri was indirectly interested. Details of which are to provide medical insurance services to Mobily employees, for a period of one year starting from 01-04-2021 until 31-03-2022 and without preferential conditions, at a value of SAR 53,279,897.90 (Attached)

8. To vote on delegating the Ordinary General Assembly its authorization powers stipulated in paragraph (1) of Article 71 of the Companies Law to the company’s board of directors, for a maximum of one year from the date of approval by the General Assembly to delegate its powers, or until the end of the term of the delegated board of directors, whichever is earlier, in accordance with the conditions contained in the Regulatory Rules and Procedures issued pursuant to the Companies Law relating to Listed Joint Stock Companies.

9. To vote on the recommendation of the Board of Directors to distribute cash dividends to the shareholders for the fiscal year ending 31 December 2021 in the amount of (SAR 654,500,000) at (SAR 0.85) per share, representing (8.5%) of the nominal value per share. The eligibility of cash dividends will be to shareholders who own the company shares by the end of the trading day of the General Assembly of the company and enrolled in the Company’s registry at Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. Distribution date will be announced later.

10. To vote on amending the Audit Committee Charter. (Attached)

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.

Shareholders who registered in Tadawulaty services can vote online on its General Assembly agenda through visiting Tadawulaty website (https://www.tadawulaty.com.sa).

Tadawulaty provides registration and voting services free of charges to all shareholders.

Voting on the items of the General Assembly agenda online will be start from 10:00 am, Thursday 18/10/1443H corresponding to 19/05/2022, until the end of the Ordinary General Assembly.