Saudi Vitrified Clay Pipes Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (Third Meeting)

Wednesday, 16 October 2024
 
Element ListExplanation
Introduction Saudi Vitrified Clay Pipe Co.’s Board of Directors is pleased to invite its shareholders to participate in the Extraordinary General Assembly Meeting (EGM) (the third meeting) which will be held virtually through the contemporary technology means on Tuesday 03/05/1446 Corresponding to 05/11/2024 at 19:00 hr The voting on the agenda items of the Meeting will be processed electronically solely through Tadawulaty
City and Location of the General Assembly's Meeting Through modern technology means from company headquarter in Aqaria Siteen – Al Malaz – Riyadh (using Tadawulaty system)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2024-11-05 Corresponding to 1446-05-03
Time of the General Assembly’s Meeting 19:00
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting The third meeting shall be valid regardless of the number of shares represented therein, after the approval of the competent authority as stated in article (31) of the Company's Statute.
General Assembly Meeting Agenda 1. Vote on amending the Company Bylaws to conform with the new Companies Law and renumber the articles accordingly. (attached)

2. Vote on transferring the statutory reserve balance of SAR (75,000,000) as in the annual financial statements as of 31/12/2023 to settle the company's accumulated losses of SAR (35,248,226), representing (23%) of the share capital, as in the interim financial statements for the period ending on 30/06/2024.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Each shareholder also has the right to discuss the topics on the agenda of the Assembly Meeting and ask questions. The shareholders can vote online by visiting the Tadawulaty web page at www.tadawulaty.com.sa, a free service available to all shareholders.
Details of the electronic voting on the Assembly’s agenda Eligible shareholders can cast their votes remotely via Tadawulaty electronic services. Voting will start at 01:00 a.m. on Saturday 30/04/1446 Corresponding to 02/11/2024, until the adjournment of the meeting. The Company encourages its shareholders to actively participate and vote online by visiting the Tadawulaty web page at www.tadawulaty.com.sa, a free service available to all shareholders.
Method of Communication in Case of Any Enquiries For Inquires about General Assembly Meeting Agenda, pls Contact:

Tel: 0114769192 , Fax: 0114782458

Email: svcp@svcp-sa.com
Attached Documents   
 
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