May 24 .. “L’azurde” GA to discuss BOD recommendation to ‎distribute SR17.3 mln cash dividends for 2022‎

The Board of Directors of L’azurde Company for Jewelry called the shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held through modern technology at exactly (20:00) evening on Wednesday 04/11/1444 AH corresponding to 24 -05-2023AD, using Tadawulaty system.

Assembly agenda:

1. Review and discuss the report of the Board of Directors for the fiscal year ending on December 31, 2022.
2. Reviewing and discussing the financial statements for the fiscal year ending on December 31, 2022.
3. Voting on the company’s auditor’s report for the fiscal year ending on December 31, 2022, after discussing it.
4. To vote on the appointment of the auditor of the company from among the candidates based on the recommendation of the audit committee; This is to examine, review and audit the preliminary financial statements for the (second and third) quarters and the annual financial statements of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD, and determine his fees.
5. To vote on the recommendation of the Board of Directors to distribute cash dividends to shareholders for the fiscal year ending on December 31, 2022 AD, in a total amount of (17,250,000) Saudi riyals, at the rate of (0.30) Saudi riyals per share, which represents (3%) of the company’s capital, on The eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date. The date of dividend distribution will be announced later.
6. To vote on authorizing the Board of Directors to distribute interim profits on a semi-annual or quarterly basis for the fiscal year 2023 AD, and to determine the date of maturity and disbursement in accordance with the executive regulations of the companies’ system for listed joint-stock companies.
7. To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions mentioned. In the executive regulations of the Companies Law for listed joint stock companies.
8. Vote to absolve the members of the Board of Directors from liability for the year ending on December 31, 2022.
9. Voting on the amendment of the Board of Directors work regulations and the criteria for membership of the Board of Directors.
10. Vote on amending the audit committee work regulations.
11. Voting on amending the Nominations and Remunerations Committee’s bylaws.
12. Vote on amending the policy for the remuneration of the Board of Directors and the committees emanating from the Board and the Executive Management.
13. Voting on amending the company’s bylaws in line with the new companies’ bylaws, and rearranging the articles of the bylaws and their numbering to comply with the proposed amendments.

Each shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the meeting of the General Assembly has the right to attend the meeting of the Assembly, according to the rules and regulations.

Shareholders are also entitled to discuss the topics on the agenda of the assembly and ask questions

The meeting of the Extraordinary General Assembly shall be valid if attended by shareholders representing at least half of the capital at least.