Baazeem Trading Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Baazeem Trading Company is pleased to invite its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) scheduled for 11:30 PM on Thursday 10/09/1442H (corresponding to 22/04/2021G) remotely through modern technology. This is within the support of the preventive and precautionary efforts and measures by the competent health authorities to address the emerging corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. |
| City and Location of the General Assembly's Meeting | By Means of Modern Technology |
| URL for the Meeting Location | https://www.any-meeting.com |
| Date of the General Assembly's Meeting | 2021-04-22 Corresponding to 1442-09-10 |
| Time of the General Assembly's Meeting | 23:30 |
| Attendance Eligibility | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | the Quorum for holding the meeting will be half of the shareholding capital. In case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and this meeting will be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1-Voting on the Board of Directors' report for the fiscal year ending on2020/12/31 G. |
2-Voting on the auditor’s report for the fiscal year ending on 31/12/2020G.(Attached)
3-Voting on the financial statement for the fiscal year ending on 31/12/2020G.
4-Voting on the clearance of the members of the Board of Directors for the fiscal year ending on 31/12/2020G.
5-Voting on the appointment of external auditor from among the candidates recommended by the Audit Committee to audit the company’s annual financial statements for the first, second, third quarters and annual financial statements for the fiscal year 2021G and the first quarter of the fiscal year 2022G. (attached).
6-Voting on the Board of Director’s recommendation to distribute cash dividends amounted to SAR (17,718,750) to shareholders for the year 2020, with the value of (1.75) SAR per share and at rate of (17.5%) of the capital, provided that the shareholders who own the shares are eligible by the end of the day of the general assembly meeting and those registered in the company’s shareholders register at the Securities Depository Centre Company (Edaa) are traded at the end of the second trading day following the maturity date. the distribution date to be announced later.
7-Voting on the business and contracts concluded or that will be concluded between the Company and Baazeem Establishment In Qatar, in which the Board member Mr.: Salem Saleh Baazeem has direct interest. These businesses and contracts are in the amount of SAR 9,868,961 in the year ending on 31/12/2020. (Attached)
8-Voting on paying an amount of SAR 2,645,000 as remuneration to the Board members for the fiscal year ending on 31/12/2020G.
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.