Saudi Azm GA discuss business, contracts with related parties

The Board of Directors of the Saudi AZM for Communication and Information Technology Company is pleased to invite shareholders to participate and vote in the Extraordinary General Assembly meeting (The first meeting), which is scheduled to be held, God Almighty, at 06:30 pm on (Sunday) on 29-06-1444AH corresponding to 22-01-2023AD, by means of modern technology.

Meeting Agenda:

– Voting on the business and contracts that were concluded with Azm Financial Technology Company in the year 2022 AD, in which the Chairman of the Board Majid Al-Osaimi and the members of the Board of Directors Ali Al-Ballaa and Firas Al-Jariwi have a direct interest in them, noting that the nature of the transaction is business under a framework agreement to provide services Consulting at a value of 28.8 million riyals, bearing in mind that there are no preferential conditions.

According to Article 32 of the Company’s Bylaws, the meeting of the Extraordinary General Assembly shall not be valid unless attended by shareholders representing at least half of the capital, If this quorum is not met during the first meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be valid if attended by shareholders representing at least one quarter of the capital.

The registered shareholders in the Tadawulati services will be able to vote remotely on the items of the assembly, starting from one in the morning on (Wednesday) 25-06-1444 AH corresponding to 18-01-2023AD, and registration and voting in the Tadawulati services will be available and free for all Shareholders using the following link: www.tadawulaty.com.sa

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.