Thimar Development GA to discuss authorizing BOD to file a ‎liability suit against former board members ‎

The Company’s Board of Directors invites the honorable shareholders to attend the Ordinary General Assembly Meeting (the first meeting), which is scheduled to be held, at 7:00 PM on Monday 21-03-1444 H corresponding to 17-10-2022, in the presence and through the means of modern technology.

General Assembly Meeting Agenda:

1- Vote on authorizing the current board of directors to file a liability lawsuit against the former board members in their session from 6-3-2017 to 4-7-2021, and do all necessary legal procedures to implement it, according to the request of the shareholders.

The quorum for holding the Ordinary General Assembly shall be considered valid if attended by shareholders who represent at least 25% of company’s capital. If the required quorum has not been met, a second meeting will be held one hour from the time the first meeting was supposed to convene. The second meeting will be valid regardless of the number of shares attend in it.

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

The shareholders registered in Tadawulaty services may vote electronically on the items of the General Assembly agenda online starting at 1:00 AM on Thursday 17-03-1444 corresponding to 13-10-2022 until 19:30 from the time of the meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders thru www.tadawulaty.com.sa