Networkers GA approves distribution of SAR 14 million cash dividends for H2 of 2022

Saudi Networkers Services Co announced the results of its Ordinary General Assembly meeting (First Meeting) held on Monday 05.06.2023 at 19:30 p.m.

Voting Results on the Items of the General Assembly’s Meeting Agenda

1. Approval of the Board of Directors report for the fiscal year ending on 31/12/2022.

2. Approval and discussing the Company’s consolidated financial statements for the year ended on 31/12/2022.

3. Approval on the external auditor’s report for the fiscal year ended on 31/12/2022.

4. Approval on releasing the members of the Board of Directors from their liability for the fiscal year ending on 31/12/2022.

5. Approval on the appointment of Price Water House Coopers Public Accountants as the company’s external for the financial audit and review of the first half of the fiscal year 2023 ending on 30/06/2023 and the annual financial statements of the fiscal year ending on 31/12/2023, and determination of the external auditor fees.

6. Approval on the payment of SAR (909,000) as remuneration to members of the Board of Directors for the fiscal year ending on 31/12/2022.

7. Approval of the Board of Directors’ recommendation to distribute cash dividends for the second half of 2022 amounting to SAR 14.1 million at 2.35 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, where the distribution shall be on 19/06/2023.

The company also announced the relocation of its head office in Riyadh from Oruba Street to new premises on King Abdulaziz Road as per the below address:

Short address: RHSA8228

Building No: 8228

Secondary No: 4040 AL Sulaimaniyah Dist.

Postal Code: 12245