January 12 …. Saudi Cable GA votes on works and contracts concluded with related parties

Saudi Cable Company’s Board of Directors invited the valued shareholders to participate and vote in the Extraordinary General Assembly meeting (First Meeting) scheduled to be held on Thursday 12/01/2023, in person at the Company headquarter and via modern technology means using Tadawulaty.

General Assembly Meeting Agenda:

1. Vote on the Board’s report for the financial year ended 31-12-2021.

2. Vote on the financial statements for the financial year ended 31-12-2021.

3. Vote on the auditor’s report for the financial year ended 31-12-2021.

4. Vote to absolve the members of the Board of Directors for the financial year ended 31-12-2021.

5. Voting on business and contracts between the Company and (Medal Cable Company) in which members of the Board of Directors (Abdulrahman Al-Khayal and Abdulhadi Abu Al-Khair) have an indirect interest: (purchases of raw materials, dividends and bonuses of Board members and others in the form of financing fees on purchases. The duration of the transaction is one year) in the amount of (SR32.645.000) for the financial year ended 31-12-2021.

6. Vote on Amendment to (article 3) of the Company’s bylaws, relating to (the purposes of the Company).

7. Vote on amending the Working Regulations of the Nominations and Remuneration Committee.

8. Vote on amending the Board Membership’s Policies, Standards, Procedures and Controls.

9. Vote on the Working Regulation of the Audit Committee.

10. Vote on social responsibility policy.

11. Vote on The Policy of Nominating Members of the Board of Directors and Members of its Committees’ and the Executive Management.

It explained that the shareholders registered in the Tadawulaty services will be able to vote remotely on the items of the Assembly starting on Sunday 08/01/2023, until the end of the time of the assembly.

The eligibility for attendance registration and voting ends upon the convenience of the General Assembly’s Meeting. Eligibility for voting on the Meeting Agenda ends upon the Counting Committee concludes counting the votes.

The shareholder has the right to authorize another person to attend under written power of attorney, provided that the agent is not a member of the Board of Directors or an employee of the Company, and is certified by chambers of commerce when the shareholder is affiliated with one of them or if the shareholder is a company or corporate institution, a licensed bank or licensed persons in the Kingdom provided that the agent has an account with the bank or licensee who certifies, writes justice or authorized persons for authentication.

The shareholder or his/her agent shall provide the Company with a copy of the power of attorney at least two days prior to the meeting of the Assembly. The agent must present the original power of attorney before the Assembly, and all shareholders/agents must bring the identification.