The Board of Directors of Zamil Industrial is pleased to invite all shareholders owning 20 shares or more to attend its general assembly to convene in an extraordinary session on Wednesday, 31 March 2010, at Zamil Air Conditioners Auditorium in Dammams First Industrial City at 4 pm. The following items on its agenda will be reviewed and discussed:
1. Approve the Board of Directors' report for the year 2009;
2. Approve Zamil Industrial final accounts and auditors report for the fiscal year ending 31 December 2009;
3. Agree to hold the Board of Directors free from any liabilities for the fiscal year ending 31 December 2009;
4. Approve the Board's recommendation for the distribution of profits at SR 1.5 for each share (15% from the capital). Dividends eligibility prior to capital increase will be for shareholders registered as at the close of trading on the general assembly meeting date;
5. Approve the Boards recommendation to increase the capital from SAR 450 million to SAR 600 million representing a 33% increase whereby the number of outstanding shares will increase from 45 million shares to 60 million shares by issuing one bonus share for every 3 shares owned as at the close of trading on the general assembly meeting date. The increase of SAR 150 million will paid through capitalization from the retained earnings as of 30/09/2009.
6. Approve amending Article 6 in the company by-law to reflect the new capital.
7. Approve amending Article 2 of the company by-law to add new activities.
8. Approve amending Article 33 of the company by-law pertaining to dividends policy.
9. Electing new Board members for its fifth term (01/05/2010 to 30/04/2013).
10. Approve new Corporate Governance charters.
11. Approve the appointment of external auditors as per the recommendation of the Audit Committee to audit the companys quarterly and annual accounts for the year 2010 and agree to their service fee.
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