At the invitation of the Board of Directors of Etihad Etisalat Company (Mobily), the Ordinary General Assembly of the Shareholders of the Company was held in Riyadh Four Seasons Hotel, at 06:00 pm, Saturday, 23/03/1432H corresponding to 26/02/2011.
According to the voting on the meeting agenda items, the General Assembly approved the following:
1.The Board of Directors Report for the fiscal year ending on 31/12/2010.
2.The Companys financial statements and the auditor's report for the fiscal year ending on 31/12/2010.
3.Board members discharge, for the fiscal year ending on 31/12/2010.
4.The appointment of Deloitte & Touche (Bakr Abulkhair & Co.) to audit the Companys annual and quarterly financial statements for the fiscal year 2011 as well as the auditors fees.
5.The recommendation of the Board of Directors to distribute dividends for the year 2010 amounting to SAR 2 per share and the delegation of the Board to take the relevant necessary actions, taking into account that the person entitled to receive the dividends is the holder of share registered in the register of shareholders at the end of trading day on which the Ordinary General Assembly was held. Dividends will be paid as of 08/04/1432H corresponding to 13/03/2011 through direct transfer to the bank accounts linked to the investment portfolios of the shareholders.
6.Authorizing the Board of Directors to distribute semi-annual dividends starting from the fiscal year 2011 and to take the relevant necessary actions.
7.Nomination and Remuneration Committee members rules of selection and term of office and the Committees method of operation.
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.