Etihad Etisalat (Mobily)s Board of Directors invites shareholders to attend the Extraordinary General Meeting (EGM) to be held at 3:30 pm on Saturday 30/02/1434H corresponding to 12/01/2013AD in Paris ballroom at the Four Seasons Hotel, Riyadh, to discuss the following:
1- Approve the recommendation by the Board to increase the companys capital by (10%) from (7,000,000,000) Riyals to (7,700,000,000) Riyals through a bonus share issue of one share for every (10) owned by shareholders registered in the companys shareholders register at the end of trading on the day of the EGM. The increase in capital will be effected by transferring (700,000,000) Riyals from the retrained earnings as of 30/09/2012, and the total number of shares will increase by (70,000,000) from (700,000,000) to (770,000,000).
2- Approve amending clauses (7) and (8) of the company articles of association to show the increase in capital and the total number of shares according to the increase proposed in the clause above, so that the capital becomes (7,700,000,000) Riyals divided by (770,000,000) shares of equal value with a (10) Riyal par value for each share.
We inform shareholders that every shareholder owning 20 or more shares has the right to attend this meeting in person, or to appoint a proxy. Every shareholder or proxy attending must carry a national ID card and proof of share ownership and/or authorization from the shareholder. Shareholders can nominate another eligible shareholder (other than members of the Board of Directors, company employees, or those authorized to undertake full-time technical or administrative jobs for the company), to attend and vote based on a proxy duly stamped and notarized by commercial or industrial chambers, commercial banks, or a governmental office, so that it reaches the Company at least a week before the date of the EGM at the following address: Etihad Etisalat (Mobily), 26th Floor, Kingdom Tower, Riyadh; PO Box 9979, Riyadh 11423; or by fax to 056-031-6605. Authorization is an essential requirement to attend the EGM, which needs a quorum representing at least 50% of the companys capital to be formally constituted.
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.