Nov. 04: Jahez Assembly Votes to Elect BOD Members

Jahez International Company for Information System Technology invited shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting) scheduled to be held on Monday, Nov. 04. The Meeting included voting on the election of Board of Directors members from among the candidates for the next session, starting on Dec. 17, 2024 and lasting for 4 years.

The vote will also be held on authorising the elected Board of Directors with the authority of the General Assembly with the licence mentioned in paragraph (1) of Article 27 of the Companies Law. This will be for one year from the approval date of the General Assembly or until the term end of the authorised Board of Directors, whichever comes first, in accordance with the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies.

Each shareholder registered in the Company’s shareholders’ register at the Securities Depository Centre at the end of the trading session preceding the Ordinary Assembly Meeting has the right to attend the Meeting in accordance with the rules and regulations. The shareholder has the right to delegate whomever they choose from other than members of the Board of Directors. They shall register their attendance and vote through the electronic Tadawulaty platform. Note that the eligibility to register to attend the General Assembly ends at the time of the meeting. The eligibility to vote on the items of the Assembly ends when the Screening Committee finishes screening the votes.

According to Article (29) of the Company’s articles of association, the legal quorum for holding a meeting of the Company’s Ordinary General Assembly is the attendance of shareholders representing at least 25% of the capital. If the quorum required holding this meeting is not available, the Second Meeting will be held one hour after the duration end of the specified for the First Meeting. In all cases, the Second Meeting will be valid regardless of the number of shares with voting rights represented therein.