Etihad Etisalat Co. has announced that the company held its Extraordinary General Assembly Meeting in the Novotel Hotel in Riyadh, Latifah Hall on 04-06-2017 corresponding to 09-09-1438 H at 21:30. with total quorum of 56.23%. All resolutions of the meeting are as follows:
1. Approval on the amendments on the Company article of association, according to the requirements of the New Saudi Companies Law.
2. Approval on the amendments on the Company article of association to article 3.
3. Approval on the amendments on the Company article of association to article 4.
4. Approval on the amendments on the Company article of association to article 19.
5. Approval on the Company financial statements for the fiscal year ending 31-12-2016.
6. Approval on the auditor report for the fiscal year ending 31-12-2016.
7. Approval on the Board of Directors report for the fiscal year ending 31-12-2016.
8. Approval on releasing the members of the Board of Directors from their liabilities for the fiscal year ending 31-12-2016.
9. Approval on reappointment of the auditors by the Audit Committee to audit the Company annual and quarterly financial statements for the fiscal year 2017 till the end of the second quarter of 2018, and determine their fees.
10. Approval on businesses and contracts that would be held between the Company and Emirates Telecommunications Corporation noting that during 2016 the interconnection and roaming services rendered amounted to (78,002) thousand SR, interconnection and roaming services received of (72,968) thousand SR, administrative fee of (36,681) thousand SR, other administrative expenses of (63,364) thousand SR, telecommunications services of (4,488) thousand SR, and other services of (4,350) thousand SR .
11. Approval on businesses and contracts that would be held between the Company and Communications Solutions Co. noting that during 2016 the contracts amounted to (3,139,870.70) thousand SR, due to an indirect interest for the Board member/ Dr. Khalid Abdulaziz Al Ghunaim.
12. Approval on a new technical services and support agreement with Etisalat Group.
13. Approval on the formation of the Audit Committee, its functions and work controls, and the rewards of its members for the current session till 01-12-2018 noting that the candidates are: Mr. Jameel Almulhem (Head of Audit Committee), Mr. Mohamed Hadi Al Hussaini (Board member / non-executive), Mr. Khalid Mohammed Alsolai (External member), Mr. Homoud Abdullah Al Tweijry (Board member / Independent) and Mr. Serkan Okandan (Board member / non-executive).
14. Approval on Audit Committee charter.
15. Approval on The Nomination and Remuneration Committee charter.
16. Approval on the policy of remuneration for Board of Directors, its committees and the executive management.
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.