Fawaz Abdulaziz Alhokair Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Fawaz Abdulaziz Alhokair & Co. - a listed joint stock company - is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held at exactly 6:30 pm on Monday 4 Safar 1442 AH corresponding to September 21, 2020 G , By means of modern technology using the Tadawulaty system, based on the Capital Market Authority’s circular stipulating that the assemblies of listed joint-stock companies should be held by means of modern technology remotely and suspend assemblies in presence until further notice, in order to ensure the safety of people in the financial market and within the support of the efforts and preventive and precautionary measures by the competent and relevant health authorities to limit the new corona virus COVID19, and in extension to 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 | The city of Riyadh in the company's building in the commercial center "U-Walk." |
| URL for the Meeting Location | https://g.page/uWalk?share |
| Date of the General Assembly's Meeting | 2020-09-21 Corresponding to 1442-02-04 |
| Time of the General Assembly's Meeting | 18:30 |
| 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 | An assembly meeting is valid if attended by shareholders representing at least half of the capital |
| General Assembly Meeting Agenda | 1. Voting on the Board of Directors' report for the fiscal year ending on 3/31/2020. |
2. Voting on the company's auditor's report for the fiscal year ending on 3/31/2020.
3. Voting on the company's financial statements for the fiscal year ending on 3/31/2020
4. Voting to appoint the company's auditor, from among the candidates based on the audit committee’s recommendation, to examine, review and audit the financial statements for the first, second, third, fourth and annual quarters of the fiscal year 2020 AD-2021 and determine their fees.
5. Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 3/31/2020
6. Voting on disbursing an amount of 2,160,000 riyals as a bonus to the members of the Board of Directors for the fiscal year ending on 3/31/2020.
7. Voting on the business and contracts that have been concluded between the company and the Arabian Centers Company, in which members of the board of directors, Abdul Majeed Abdulaziz Al-Hokair and Omar Abdulaziz Al-Mohammadi, have a direct interest and in which members of the Board of Directors Sultan Fawaz Al-Hokair and Fahd Salman Al-Hokair have an indirect interest and to be licensed for the next year regarding rents, according to the prevailing market prices, noting that the amounts of works and contracts that were completed during the year ending on March 31, 2020 are 362,470,264 riyals. ( Attached )
8. Voting on the business and contracts concluded between the company and the food and entertainment company, in which members of the board of directors, Abdul Majeed Abdulaziz Al-Hokair and Omar Abdulaziz Al-Mohammadi, have a direct interest and in which members of the Board of Directors Sultan Fawaz Al-Hokair and Fahd Salman Al-Hokair have an indirect interest regarding a capital expenditure for operations expansion and opening of new locations, according to the prevailing market prices, at an amount of 17,049,746 riyals. ( Attached )
9. Voting on the business and contracts that have been concluded between the company and the Saudi Fas Holding Company, in which members of the board of directors, Abdul Majeed Abdulaziz Al-Hokair and Omar Abdulaziz Al-Mohammadi, have a direct interest, and in which members of the Board of Directors Sultan Fawaz Al-Hokair and Fahd Salman Al-Hokair have an indirect interest and to be licensed for the next year regarding constructions and decorations, according to the prevailing market prices, an amount of 109,284,003 riyals. ( Attached )
10. Voting on the business and contracts that have been concluded between the company and Al-Farida Company for Commercial Agencies (70 percent owned by the company), in which a member of the Board of Directors Abdul Majeed Abdulaziz Al-Hokair has a direct interest and to be licensed for the next year regarding business and service expenses, according to the prevailing market prices, in an amount of 1,218,056 riyals (attached)
11. Voting on the business and contracts concluded between the company and Nujoom Arena Trading Company (e-commerce) in which a member of the Board of Directors Abdul Majeed Abdulaziz Al-Hokair has a direct interest and in which members of the Board of Directors Omar Abdulaziz Al-Muhammadi, Sultan Fawaz Al-Hokair and Fahd Salman Al-Hokair have an indirect interest regarding revenues according to the prevailing market prices, at an amount of 203,903 riyals. ( Attached )
12. Voting on the business and contracts that have been concluded between the company and Haagen Company, in which members of the Board of Directors, Abdul Majeed Abdulaziz Al-Hokair, Omar Abdulaziz Al-Muhammadi, Sultan Fawaz Al-Hokair and Fahd Salman Al-Hokair have an indirect interest and to be licensed for the next year regarding print and advertisement according to the prevailing market prices, noting that the amounts of business and contracts that were concluded during the year ending on March 31, 2020 are 5,554,694 riyals ( Attached )
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