ADES Holding Company announced on Wednesday, April 9 that its Board of Directors has invited shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), scheduled for Thursday, May 1, 2025, at 6:30 p.m., via modern technology.
The meeting agenda includes discussions on the Board and auditor reports, approval of the financial statements for the fiscal year ending December 31, 2024, and a vote on discharging the Board members from liability.
Shareholders will also vote on:
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Appointing external auditors for the 2025 financial quarters and Q1 2026.
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Approving SAR 2.65 million in Board and committee remuneration.
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Delegating the Board to distribute interim dividends on a semi-annual basis for FY2025.
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Amending the remuneration policy for Board, committee, and executive management members.
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Granting the Board the powers stipulated in Article 27(1) of the Companies Law for one year or until the end of its current term.
Electronic voting will commence at 1:00 a.m. on Sunday, April 27, 2025, and will continue until the meeting concludes.
