October 27: Networkers to vote on transferring statutory reserve balance to retained earnings

Saudi Networkers Services Co. announced that its Board of Directors has invited shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which will be held remotely through modern technology on Sunday, October 27, 2024, at 6:30 PM.

The meeting agenda includes key items such as:

1. Voting on the transfer of the statutory reserve balance of SAR 11,213,169 to the retained earnings balance of SAR 44,046,826, as per financial statements for the period ending June 30, 2024.
2. Voting on the amendment of the Corporate Governance Regulations.
3. Voting on the amendment of the Audit Committee Regulations.
4. Voting on the Nomination and Remuneration Committee Regulations.
5. Voting on the Remuneration Policy for Board Members, Committees, and Executive Management.
6. Voting on the Criteria and Procedures for Board Membership.
7. Voting on the Controls and Standards for Competition for Board Members and their Committees.