EXTRA

17 April, 2024 08:48

United Electronics Company (eXtra) Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)

Element ListExplanation
Introduction United Electronics Company (eXtra) is pleased to announce the results of the Extraordinary General Assembly Meeting – Second meeting, which was held on Tuesday 16 April 2024 (07 Shawwal 1445H) at 08:00 PM Where the quorum for the first meeting was not complete, and the second meeting was held an hour after the time specified for the first meeting, with an attendance rate of 43.62%, as the quorum for the second meeting is the attendance of a number of shareholders representing 25% of the capital at least.
City and Location of the General Assembly's Meeting By Means of Modern Technology - Khobar - United Electronics Company (eXtra) Head Office
Date of the General Assembly's Meeting 2024-04-16 Corresponding to 1445-10-07
Time of the General Assembly’s Meeting 20:00
Percentage of Attending Shareholders 43.62 %
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The meeting was attended by each of the following board members By Means of Modern Technology: 1. Abduljabbar AbdulRahman Mohamed AlAbduljabbar (Chairman) 2. Mansour AbdulAziz Rashid AlBosaily 3. Mohamed Galal Ali Fahmy (MD & CEO) 4. Ali Mohamed Ali Faramawy 5. Adel Omar Al Farouq Merheb 6. Abdullatif Ali Abdullatif Al Fozan The following board members were unable to attend: 1. Abdullah Ali Ibrahim Al-Majdouie 2. Fozan Mohammed Ahmed AlFozan
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1. Mansour AbdulAziz Rashid AlBosaily (Chairman of the Audit Committee) 2. Adel Omar Al Farouq Merheb (Nomination and Remuneration Committee member)
Voting Results on the Items of the General Assembly's Meeting Agenda's Approval of the material transaction of United International Holding Company by offering 7,500,000 shares, representing 30% of the capital of United International Holdings Company, for public subscription on the main market.

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