Al Hassan Ghazi Ibrahim Shaker Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Hassan Ghazi Ibrahim Shaker Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held through modern technology, God willing, at 07:00 pm on Sunday 20/11/1446 AH corresponding to 18/05/2025 AD. |
| City and Location of the General Assembly's Meeting | The company's head office located in Riyadh, Al-Sahafa District - by means of modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-05-18 Corresponding to 1446-11-20 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | In reference to Article (30) of the Company's Bylaws, the Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least one-quarter of the Company’s voting shares. If such quorum is not attained in the first meeting, a second meeting shall be held one hour after the lapse of time set for the first meeting. the second meeting shall be valid regardless of the number of voting shares represented therein. |
| General Assembly Meeting Agenda | 1- Review and discuss the Board of Directors' report for the fiscal year ended 31/12/2024. |
2- Voting on the External auditor's report for the fiscal year ended 31/12/2024 after discussing it.
3- Review and discuss the financial statements for the fiscal year ended 31/12/2024.
4- Voting on the appointment of the External Auditor of the Company among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third quarters and the annual of the fiscal year 2025 and the first quarter of the fiscal year 2026, and determine their fees.
5- Voting on the Board of Directors’ recommendation to distribute dividends to shareholders for the fiscal year ended 2024, with a total amount of (27,750,000) riyals equivalent to (0.5) riyals per share representing (5%) of the share par value, provided that the dividend eligibility shall be to Shareholders who are enrolled in the issuer’s shareholders register by the end of the eligibility date the date of the Company’s General Assembly (the “Eligibility Date”), provided that the distribution of profits begins within fifteen (15) business days from the due date of these profits specified in the General Assembly’s resolution.
6- Voting on the discharge of the members of the Board of Directors from liability for the financial year ended 31/12/2024.
7- Voting on the election of Board members from among the candidates for the upcoming term, which begins from 1446-11-27 corresponding to 2025-05-25 and lasts for four (Gregorian) years ending on 1451-1-11 corresponding to 2029-05-24 (Candidates' resumes attached)
8- Voting on authorizing the Board of Directors to distribute interim dividends semi-annually or quarterly basis for the fiscal year 2025.
9- Voting on the delegation of the Board of Directors with the authority of the Ordinary General Assembly with the license mentioned in paragraph (1) of Article seventy-first of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance to the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies.
www.tadawulaty.com.sa
Registration and voting via (Tadawulaty) services will be available and free of charge for all shareholders through the following link:
https://tadawulaty.com.sa
Email: investorrelations@shaker.com.sa
And on the phone 011-2638900 Ext. 11534
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.