Etihad Atheeb appoints Maytham Hasan as member of BOD

The Board of Directors of Etihad Atheeb Telecommunication Co. (GO) announced on Thursday the results of the 15th Extraordinary General Assembly meeting (Second meeting), which was held at 08:00 pm on Wednesday 23/08/2023 in Riyadh at the company’s headquarters through modern technology (Remotely).

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

1. The Board of Directors Report for the fiscal year ending 31/03/2023, was Reviewed and discussed.

2. Approval of the auditors’ report for the fiscal year ending on 31/03/2023.

3. The financial statements for the fiscal year ending 31/03/2023, were reviewed and discussed.

4. Approval of the appointment of the company’s auditor Al-Azm, Al-Sudairi, Al-Sheikh & Partners Co from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second, third) and annual quarters of the fiscal year 2023/2024 and the first quarter of the fiscal year 2024/2025, and determine their fees.

5. Approval of the disbursement of an amount of 2,104,255 riyals as a bonus to the members of the Board of Directors for the fiscal year ending on 03/31/2023.

6. Approval of the Board of Directors’ recommendation to appoint a representative of the Bahrain Telecommunications Company (Batelco) Mr. Maitham Abdulla Ashoor Hasan (Non-Executive) to the Board of Directors starting from 01/03/2023 to complete the Board’s term until the end of the current session on 25/10/2023 replacing the previous member Mr. Faisal Mohd Nazih Qamhiyah (Non-Executive).

7. Approval of the business and contracts that will take place between the company and the Bahrain Telecommunications Company (Batelco) represented by the two Board members Mr. Maitham Abdulla Ashoor Hasan and Mr. Isa Abbas Alsabaea, who have an indirect interest in it. The contract is about passing and transferring the traffic of mutual international calls. Between the two companies and without any preferential advantages. Note that the transactions for the previous year are a debit of 670,582 Saudi riyals.

8. Approval on amending Article (3) of the company’s bylaw’ related to Company purposes.

9. Approval on amending Article (22) of the company’s bylaw’ related to Authorities of the Chairperson, Vice Chairperson, and Secretary.

10. Approval on amending the company’s bylaws in accordance with the new companies’ bylaws, to rearrange and numbering the articles of the bylaws; to comply with the proposed modifications.