Etihad Etisalat Company (Mobily) will hold an Ordinary General Meeting of shareholders on Sunday, March 11, 2012 in the Paris Hall, Four Seasons Hotel, Riyadh, to consider the following agenda:
1.Approve the financial statements and the Auditors' report for the financial year ended December 31, 2011.
2.Approve the Board of Directors Report for the financial year ended December 31, 2011.
3.Discharge the members of the Board of Directors for the financial year ended December 31, 2011.
4.Approve the appointment of the Company auditors from among the candidates of the Audit Committee to review the Company financial statements for the financial year 2012 and its quarterly financial statements and determine the Auditors' fees.
5.Approve the recommendation of the Board of Directors to distribute a cash dividend of SAR 1,400 million for the second half of 2011 (SAR 2.00 per share), in addition to the already distributed initial dividend of SAR 875 million for the first half of 2011 (SAR 1.25 per share). Shareholders entitled to receive the dividend are those registered in the Company Shareholders Register as at the end of the trading day on which the Ordinary General Meeting is held. Thus, the total dividends for the financial year 2011 becomes SAR 2,275 million (SAR 3.25 per share), representing 44.75% of the Company's net profits in 2011.
6.Authorize the Board of Directors to distribute quarterly dividends as of the financial year 2012 and to take the related necessary actions.
7.Authorize the engagement of the United Electronics Co. (eXtra) as a distributor for Etihad Etisalat Company (Mobily).
8.Approve the appointment of Eng. Abdulrahman Alfehaid as a member of the Board of Directors replacing Dr. Fahad Almubarak, as of December 20, 2011 for the remaining period of the current office of the Board, which will end on November 30, 2012.
Every shareholder holding 20 shares or more of the Company shall be entitled to attend the Ordinary General Meeting, personally or by proxy. The proxy shall not be a member of the Board of Directors, a staff member or a person engaged to carry out work on behalf of the Company. The proxy shall be entitled to attend the meeting and vote on behalf of the shareholder who appoints him, subject to a certified proxy. The quorum for the Ordinary General Meeting is the presence of shareholders and/or proxies representing at least 50% of the share capital of the Company.
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.