The board of directors of Etihad Etisalat Co is pleased to invite its shareholders owning 20 shares or more to attend Ordinary general assembly Meeting to be held in the Paris Hall, Four Seasons Hotel, Kingdom Tower, Riyadh on 16-02-2014 corresponding to 16-04-1435 at 16:00 to consider the following agenda:
1-To approve the Company financial statements and the auditor's report for the fiscal year ending 31/12/2013.
2-To approve the Board of Directors report for the fiscal year ending 31/12/2013.
3-To discharge the members of the Board of Directors from their liabilities for the fiscal year ending 31/12/2013.
4-To approval the appointment the Auditors from among the candidates selected by the Audit Committee to audit the Company annual and quarterly financial statements for the fiscal year 2014, and to determine their fees.
5-To approve the recommendation of the Board of Directors of the payment of cash dividends of (962.50) million riyals for the fourth quarter of 2013, namely (1.25) riyals per share (12.5% of the nominal value of a share), in addition to interim dividends of (2,733.50) million riyals distributed to shareholders for the 1, 2 and 3 quarters of 2013 i.e. (3.55) riyals per share. The dividends will be paid to the shareholders, whose names are recorded in the Company Shareholder Register (at Tadawul) at the end of trading on the General Assembly date. The dividend of the fourth quarter brings the total dividends for the financial year 2013 to (3,696) million riyals, i.e. (4.80) riyals per share, representing 55.36% of the net profits achieved in 2013.
6-To authorize the Company to enter into an annual (one-year period) contract with United Electronics Company (eXtra) a Saudi joint stock company as a distributor for Mobily, as Abdulaziz Alsaghyir Commercial Investment Co. holds an interest in Extra share capital, which means that Mobily Chairman, Engineer has an indirect interest in this contract, amounting to 763,407.35 riyals for the fiscal year 2013.
7-To approve a bonus payment to the Board members for a total amount of (2,100) thousand riyals as per the following, (250) thousand riyals to the Executive Board member, (250) thousand riyals to the Chairman, and (200) thousand riyals to each Non-Executive Board member.
The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50% of the company's capital. Each shareholder owning 20 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to Etihad Etisalat (Mobily), Yabis Building (Mobily C1), 3rd Floor, Investor Relations Department, PO Box 9979, Riyadh 11423 and delivered to the company prior 3 day of the meeting.
Contact details : by Fax on 056-031-6605
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