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ADES

14 August, 2024 08:58

The Board of Directors of ADES Holding Company invite its Shareholders to attend the (First Meeting) Ordinary General Assembly Meeting through modern technology means

Element ListExplanation
Introduction The Board of Directors of ADES Holding Company is pleased to invite its shareholders to participate and vote at the company’s Ordinary General Assembly meeting (first meeting) scheduled to be held on Sunday, 12/03/1446H corresponding to 15/09/2024G at exactly 18:30 pm through modern technology means.
City and Location of the General Assembly's Meeting Through modern technology means (via Tadawulaty System platform) at the company’s premises located at Prince Turki Road, Al Kurnaish District, Al Khobar, Kingdom of Saudi Arabia
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2024-09-15 Corresponding to 1446-03-12
Time of the General Assembly’s Meeting 18:30
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 The assembly meeting is valid if it is attended by shareholders representing at least one quarter of the capital. If this quorum is not present in the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting will be valid regardless of the number of voting Shares represented therein.
General Assembly Meeting Agenda 1. Voting on the Board’s recommendations to distribute dividends amounting to SAR 237,498,443, to the shareholders for the financial period of ended 30/06/2024 G, at 0.216 riyals per share, at a rate of 21.6% of the nominal value of the share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the assembly date, and who are registered in the Company's shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date, and provided that the distribution date to be announced later. 2. Approval of authorizing the Board of Directors to distribute interim cash dividends to the shareholders on a semi basis for the financial year 2024G.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders registered in Tadawulaty service will be able to vote electronically on the ordinary general assembly’s agenda. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: www.tadawulaty.com.sa The shareholder has the right to discuss items on the General Assembly’s agenda and to direct questions.
Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty service will be able to vote electronically on the ordinary general assembly’s agenda. Electronic voting will start 1 AM on Wednesday, 08/03/1446H Corresponding to 11/09/2024G, and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: www.tadawulaty.com.sa The shareholder has the right to discuss items on the General Assembly’s agenda and to direct questions.
Method of Communication in Case of Any Enquiries In the event of any inquiries about the terms of the meeting, please contact us via email at legal@adesgroup.com or at +966 538663210.
Additional Information Shareholders may direct questions and inquiries related to items of the Ordinary General Assembly during the meeting via the broadcasting link that will be forwarded to the shareholders via Tadawulaty service, the full name of the shareholder should be mentioned, to accept an enquiry.

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