SGS GA to vote on business, contracts with concerned parties

The Board of Directors of Saudi Ground Services Company are pleased to invite its shareholders to participate and vote on the Ordinary General Assembly Meeting (First Meeting) on 22-06-2022G at 8:30 pm corresponding to 23-11-1443H, in Jeddah City, by using modern technology.

General Assembly Meeting Agenda:

1. Vote on the Board of Directors’ Annual Report of the fiscal year ended 31st December 2021.
2. Vote on the External Auditor report of the fiscal year ended 31st December 2021.
3. Vote on Financial Statements for the fiscal year ended 31^st December 2021.
4. Vote on approving the absolving of the Board of Directors of their responsibility for managing the company of the fiscal year ended 31st December 2021.
5. Vote on the appointment of the company’s external auditor among the candidates based on the recommendation of the audit committee to review, and audit the financial statements for the second, third quarters and annual for the year 2022 and the first and second quarter of 2023 and determine their fees.
6. Vote on the Board of Directors delegated the authority of the Ordinary General Assembly to the license mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the Ordinary General Assembly or until the end of the period of the authorized Board of Directors, whichever is earlier, per the conditions mentioned in the controls and procedures regulatory issued in implementation of the system of private companies listed contributed companies.
7. Vote on the business and contracts that will be concluded between the company and the Saudi Airlines Air Transport Company, and a member of the Board of Directors Mr Korfiatis and Eng. Fahd Cyndy has an indirect interest in it ,which is about the provision of ground handling services at the Kingdom’s airports, noting that transactions in the year 2021 amounted to 951,730,827 SAR annually with the knowledge that these transactions take place on a commercial basis and without preferential terms.

The right to record attendees for the meeting ends in the beginning of the Assembly’s meeting and the right to vote on the terms of the Assembly for those who expire when the sorting committee ends.