October 12: Catering GA to vote on amending some articles of ‎bylaws

The Board of Directors of Saudi Airlines Catering Company invited shareholders to participate and vote in the extraordinary general assembly meeting (first meeting), which is scheduled to be held via modern technology on October 12, 2023.

The General Assembly articles were as follows:

‎1. Vote on amending the company’s bylaws in accordance with the new companies’ bylaws (attached).

‎2. Vote on amending Article Two (2) of the company’s bylaws related to the company’s name (attached).

1. Vote on amending Article Four (4) of the company’s bylaws related to the company’s purposes (attached).
2. Vote on amending Article Five (5) of the company’s bylaws related to partnerships with other companies (attached).
3. Vote on amending Article Nine (9) of the company’s bylaws relating to preferred shares (attached).
4. Vote on amending Article Eleven (11) of the company’s bylaws relating to the issuance of shares (attached).
5. Vote on amending Article Thirteen (13) of the company’s articles of association, which relates to the company’s purchase of its shares (attached).
6. Vote on amending Article Twenty-Two (22) of the company’s bylaws related to the remuneration of members of the Board of Directors (attached).
7. Vote on amending Article Twenty-Three (23) of the company’s bylaws relating to the Chairman of the Board of Directors, his deputy, the Managing Director and the Secretary (attached).

‎10. Vote on amending Article Twenty-Eight (28) of the company’s bylaws related to the General Assembly (attached).

‎11. Vote on amending Article Forty-seven (47) of the company’s bylaws, related to the distribution of profits (attached).

‎12. Vote on rearranging and numbering the articles of the company’s bylaws to comply with the proposed amendments, if approved.

‎13. Vote on amending the company’s governance regulations (attached).

‎14. Voting on the Board of Directors’ decision to appoint Dilip Nijhawan (an independent Board Member) to the vacant seat on the Audit Committee, starting from May 11, 2023 until the end of the current committee’s term on January 25, 2025. This appointment comes in accordance with the regulations. The work of the company’s audit committee

‎15. Vote on the Board of Directors’ decision to appoint Faisal Saeed Sabbagh (from outside the Board) as a new member of the Audit Committee, starting on 9/4/2023 AD until the end of the current committee’s term on 01/25/2025 AD.

The company confirmed that every shareholder registered in the company’s shareholder registry at the Depository Center at the end of the trading session that precedes the general assembly meeting has the right to attend the assembly meeting in accordance with the rules and regulations.

It added that the extraordinary general assembly meeting is valid if it is attended by shareholders representing at least half of the capital, and if the quorum necessary to hold this meeting is not met, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid if It was attended by shareholders representing at least a quarter of the capital.