Tadweeer GA to discuss amending profit distribution article

The Board of Directors of National Environmental Recycling Company (Tadweeer) is pleased to invite the shareholders to participate and vote in the Company Extraordinary General Assembly Meeting (First meeting) which will be held on 27 Muharram 1444 H, corresponding to 25 August 2022 at 06:30 PM through means of modern technology.

The quorum for holding the Extraordinary General Assembly shall be considered valid if attended by shareholders who represent at least 50% of the bank’s capital.

General Assembly Meeting Agenda:

1. Voting on the Financial Statement of the year ending 31 December 2021.
2. Voting on the external auditor report for the year ending 31 December 2021.
3. Voting on the annual Board report for the year ending 31 December 2021.
4. Voting on the Aduit Committee report for the year ending 31 December 2021.(Attached)
5. Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on December 31, 2021.
6. Voting to assign external auditor from the nominated offers based on the recommendation of the Audit Committee to audit the financial statement of the semi-annual and annual for the fiscal year ending on December 31, 2022, as well as determining their fees.
7. Voting to disburse an amount of 180,000 Saudi Riyals as a reward for board members for the fiscal year 2021.
8. Vote to disburse an amount of 35,000 Saudi Riyals as a reward for Audit Committee members for the fiscal year 2021
9. Voting to disburse an additional amount of 75,000 Saudi Riyals to the external auditors “ Al-Azm & Al-Sudairy & Al-Sheikh” for the fiscal year 2021, in return for his carrying out additional work.
10. Voting on the amendment of Article (2) of the TADWEEER By-Law related to (Company Name).(Attached)
11. Voting on the amendment of Article (3) of the TADWEEER By-Law (Company Purpose).(Attached)
12. Voting on the amendment of Article (7) of the TADWEEER By-Law (Company Capital).(Attached)
13. Voting on the amendment of Article (8) of the TADWEEER By-Law (IPO).(Attached)
14. Voting on the amendment of Article (14) of the TADWEEER By-Law (Shareholders Register).(Attached)
15. Voting on the amendment of Article (19) of the TADWEEER By-Law (The vacant position in the Board of Directors).(Attached)
16. Voting on the amendment of Article (20) of the TADWEEER By-Law (Board of Directors Authorities).(Attached)
17. Voting on the amendment of Article (22) of the TADWEEER By-Law (Powers of the President, Vice President, Managing Director, and Secretary).(Attached)
18. Voting on the amendment of Article (24) of the TADWEEER By-Law (Quorum of Board Meeting).(Attached)
19. Voting on the amendment of Article (26) of the TADWEEER By-Law (Attendance of Assembly Meetings).(Attached)
20. Voting on the amendment of Article (31) of the TADWEEER By-Law (Invitation for Assemblies).(Attached)
21. Voting on the amendment of Article (32) of the TADWEEER By-Law (Assemblies Attendance Register).(Attached)
22. Voting on the amendment of Article (35) of the TADWEEER By-Law (Voting in the Assemblies).(Attached)
23. Voting on the amendment of Article (36) of the TADWEEER By-Law (Resolutions of the Assemblies).(Attached)
24. Voting on the amendment of Article (39) of the TADWEEER By-Law (Committee Formation).(Attached)
25. Voting on the amendment of Article (44) of the TADWEEER By-Law (Powers of the Auditor).(Attached)
26. Voting on the amendment of Article (45) of the TADWEEER By-Law (Fiscal Year).(Attached)
27. Voting on the amendment of Article (46) of the TADWEEER By-Law (Financial documents).(Attached)
28. Voting on the amendment of Article (47) of the TADWEEER By-Law (Distribution of Dividends).(Attached)
29. Voting on the amendment of Article (50) of the TADWEEER By-Law (Company losses).(Attached)
30. Voting to add an article no. (26) to the TADWEEER By-Law, which is related to (Conflict of Interest).(Attached)
31. Voting to add an article no. (43) to the TADWEEER By-Law, which is related to (Nominations and Remuneration Committee).(Attached)
32. Voting to add an article no. (44) to the TADWEEER By-Law, which is related to (Board Committees).(Attached)
33. Voting to delete an article no. (27) of TADWEEER By-Law, which is related to (Constituent Assembly).(Attached)
34. Voting to delete an article no. (28) of TADWEEER By-Law, which is related to (Competences of the Constituent Assembly).(Attached)
35. Voting to delete an article no. (49) of TADWEEER By-Law, which is related to (Dividend Distribution of Preferred Shares).(Attached)
36. Voting on rearranging and numbering the articles of the TADWEEER By-Laws.(Attached)

The shareholders may remotely vote in the Extraordinary General Assembly Meeting’s agenda via (E-voting service) starting from 10:00 AM Sunday 23/01/1444 H Corresponding to 21/08/2022 G, through Tadawulaty website

www.tadawulaty.com.sa