SAUDI CABLE COMPANY
INVITES ITS SHAREHOLDERS TO ATTEND THE 41ST ORDINARY GENERAL ASSEMBLY (OGA) MEETING (FIRST MEETING)
The Board of Saudi Cable Company is pleased to invite the Shareholders of the Company owning 20 shares or more to attend the 41st Ordinary General Assembly Meeting which will be held in the Company’s industrial complex in Jeddah on Monday, 25-07-1437H corresponding to 02-05-2016G at 16:30 to consider the following agenda:
- Voting on the Board of Directors Report 2015.
- Voting on the final Financial Statements for the year ended 31 December 2015.
- Voting on the External Auditor’s Report for the financial year ended 31 December 2015.
- Voting on absolving the Directors from their responsibilities for the year ended 31 December 2015.
- Voting on the appointment of the External Auditors for auditing the company’s financial statements for the year 2016 and quarterly statements from among the auditors nominated by the Audit Committee and fix their fees.
- Voting on the amendments of the Charter of the Nomination and Remuneration Committee.
- Voting on the related party transactions as stated in detail in the Board of Directors Report 2015 and approve it for the coming year as follows:
- Midal Cables:
Dionysius Metzemaekers, Zalmi Fazeel and Guillermo Varela,
Nature of Transaction: Purchases of material
Period of transaction: One year renewable
Amount of transaction: SR 26,838,000
- Xenel Industries:
Khalid Alireza and Yousuf Alireza,
Nature of transaction: Sharing expenses,
Period of transaction: One year renewable
Amount of transaction: SR 2,377,000
- XECA Co:
Khalid Alireza and Yousuf Alireza,
Nature of transaction: IT Outsourcing services
Period of transactions: One year renewable
Amount of transaction: SR 4,105,000
There is no business conditions and previous decades.
Each Shareholder desires to attend the mentioned meeting shall present ID Card or Passport Copy and corroborating evidence of shares ownership and/or his proxies. Those who represent corporates should present copy of the CR that includes their names or a written Power of Attorney signed by someone whose name is included in the CR of the Company.
If the Shareholder is unable to attend in person, he may give a written authorization to attend the meeting on his behalf in favor of another Shareholder, who is not member of the Board of Directors or Employee of the Company, or those who are permanently assigned for a technical or advisory work of the Company; provided that the value of the issued proxies should not exceed 5% of the Company’s capital.
The Company requests the Shareholders to attend one hour prior to the meeting to complete the registration procedures.
The quorum of the first meeting is the attendance of Shareholders representing more than half of the Company’s capital.
The relevant proxies, in the format given below, should be duly attested by the Chamber of Commerce, Bank or the Company and sent to the address mentioned therein, at least, before two days prior to the meeting date. The Shareholders attending, either in person or by proxy, should also bring their ID Cards.
SAUDI CABLE COMPANY
SHAREHOLDERS DEPARTMENT
P.O. BOX 4403, JEDDAH 21491
KINGDOM OF SAUDI ARABIA
PHONE:012/6087600
FAX:012/6352220
EMAIL:msheheween@saudicable.com
