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Saudi Vitrified Clay Pipes Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
- Thursday, 17 April 2025
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Vitrified Clay Pipes Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held at 7:30 PM on Tuesday, 22-11-1446H corresponding to 20-05-2025G, via modern technology. The second meeting will be held one hour after the end of the time specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein. |
| 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 | 2025-05-20 Corresponding to 1446-11-22 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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 | In accordance with Article (31) of the company’s bylaws, the Ordinary General Assembly Meeting shall not be valid unless attended by shareholders representing at least one quarter of the voting shares of the company.
If the required quorum is not met for the first meeting, a second meeting shall be convened under the same conditions stipulated in Article (91) of the Companies Law within thirty (30) days from the date set for the first meeting. However, the second meeting may be held one hour after the end of the period specified for the first meeting, provided that the invitation to the first meeting includes an indication that the second meeting may be convened accordingly. In all cases, the second meeting shall be valid regardless of the number of voting shares represented. |
| General Assembly Meeting Agenda | 1- Review and discuss the Board of Directors' report for the fiscal year ending on 31/12/2024 (attached).
2- Reviewing and discussing the financial statements for the fiscal year ending on 31-12-2024 (attached). 3- Voting on the auditor's report for the fiscal year ending on 31-12-2024 after discussing it(attached). 4- Voting on the appointment of the Company's auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2025 and the first quarter of the fiscal year 2026 and determine his fees. 5- Voting on the Board of Directors membership policy. 6- Voting on the Audit Committee Regulations. 7- Voting on the list of the Nomination and Remuneration Committee. 8- Voting on the remuneration policy of the members of the Board of Directors, its committees and the executive management. |
| 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 19/11/1446 Corresponding to 17/05/2025, 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 | |
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.