Equipment House GA to discuss amending own basic rules

The Board of Directors of SCIENTIFIC & MEDICAL EQUIPMENT HOUSE CO.is pleased to call the honored shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting) to be held, inshallah, at 19:15 pm on Wednesday 30/11/1443 corresponding to 29/06/2022 (according to Umm Al-Qura calendar), via modern technology (remotely), in order to discuss the Assembly’s agenda and vote on its items.

The General Meeting Agenda items include:

1 Voting on the report of the Board of Directors for the financial year ended on 31/12/2021.

2 Voting on the auditor report of the company for the financial year ended on 31/12/ 2021.

3 Voting on the financial statements for the financial year ended on 31/12/ 2021.

4 Voting on the audit committee report for the year 2021.

5 Voting on disbursement of (694,000) riyals as a award to the members of the Board of Directors for the financial year ended on 31/12/ 2021.

6 Voting on discharging of the Board of Directors members for the year 2021.

7 Voting on the formation of the Audit Committee, determining its tasks, its work disciplines, and the rewards of its members for the new round, starting from the date of 14/10/2022 AD for a period of (3) years until the end of the round on the date of 13/10/ 2025 AD, noting that the nominees (attached their CVs) are:

1-Loay Ali Al-Saratawy (independent)

2-Ahmed Nahad Al-Zaem (independent)

3-Muhammed Abdul Fattah Muhammed (independent)

8 Voting on authorization the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article No. 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 authorized Board of Directors round, whichever is earlier, in accordance with the conditions set forth in the Regulation and procedures Issued in implementation of the Companies Law for Listed Joint Stock Companies.

9 Voting on the business and contracts that took place between the company and Rawabi International Marketing Company, in which the members of the board of directors/ Basil Saud Al Arifi, Bandar Saud Al Arifi, Barakat Saud Al Arifi and Bashir Saud Al Arifi have a direct interest. It is a lease contract for the company’s building located on Prince Abdulaziz bin Jalawi Street in Sulaymaniyah The contract for maintenance and operation works for the building, as well as a labor lease contract and purchase orders for the supply of cleaning materials for projects for a period of a calendar year, automatically renewed without preferential terms, at an annual amount of (18,055.602) riyals. (attached)

10 Voting on the business and contracts that took place between the company and Rawabi Smart Services and Devices Company, in which the members of the Board of Directors/ Basil Saud AlArefi, Bandar Saud Al-Arifi, Barakat Saud Al-Arifi and Bashir Saud Al-Arifi have a direct interest, which is a contract to provide technical and technical support to the Medical Equipment House Company, and the contract includes works Maintenance and operation of the company’s networks, computers and servers, and follow-up business in the computerized SAP system with the executing company, for a period of five Gregorian years without preferential conditions, at an annual amount of (3,798.817) riyals. (attached)

11 Voting on the business and contracts that took place between the company and the National Company for Sulfur Products, in which the members of the board of directors/Basel Saud AlArifi, Bandar Saud Al-Arifi, Barakat Saud Al-Arifi and Bashir Saud Al-Arifi have a direct interest. The contract is to lease labor and purchase orders for building rehabilitation works for a period of one calendar year, automatically renewed without preferential terms, at an annual amount of (7.856,379) riyals. (attached)

According to Article (34) of the Company Articles of Association, the Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the capital. The second meeting shall be valid if attended by shareholders representing at least a quarter of the capital.

Each of the shareholders registered in the Company shareholders register at a deposit center at the end of the deliberation hearings preceding the meeting of the Assembly shall be entitled to attend the Assembly meeting according to the rules and regulations.

The right to register attendance at the Assembly meeting ends at the time of the assembly meeting, and the right to vote on the Assembly’s items for those present ends once the counting committee finishes counting the votes.