Alkhorayef Water and Power Technologies invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) through Modern Means of Technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alkhorayef Water and Power Technologies Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) scheduled to be held, God willing, at 19:45 PM on Sunday, 27/11/1446 H, corresponding to 25/05/2025, through modern technology using the Tadawulaty system. |
| City and Location of the General Assembly's Meeting | AWPT HQ- Riyadh - through modern technology using the Tadawulaty system. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-05-25 Corresponding to 1446-11-27 |
| Time of the General Assembly’s Meeting | 19:45 |
| 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 | Based on Article (39) of the company's Articles of Association, an ordinary general assembly meeting is not considered valid unless shareholders representing at least one-quarter of the capital are present. If this quorum is not met in the first meeting, the second meeting is held one hour after the end of the time scheduled for the first meeting. In all cases, the second meeting is considered valid regardless of the number of voting shares represented in it. |
| General Assembly Meeting Agenda | 1. Review and discuss the Board of Directors’ report for the fiscal year ending 12/31/2024. (Attached)
2. Review and discuss the financial statements for the fiscal year ending 12/31/2024. (Attached) 3. Vote on the company's auditor's report for the fiscal year ending 12/31/2024 after discussion.(Attached) 4. Vote on disbursing remuneration to the board members for the fiscal year ending 12/31/2024, amounting to 3,419,000 SAR, in accordance with the board’s report. 5.Vote on the Board of Directors’ recommendation to distribute cash dividends to shareholders totaling 52,500,000 SAR, equivalent to 1.5 SAR per share, representing 15% of the nominal share value, for the fiscal year 2024. Eligibility will be limited to shareholders who own shares at the end of the trading day on which the General Assembly meeting is held and who are registered in the company’s shareholders register at the Securities Depository Center (Edaa) by the end of the second trading day following the General Assembly. The distribution shall be made within 15 working days from the due date determined by the resolution of the General Assembly 6. Vote on discharging the board members from liability for the fiscal year ending 12/31/2024. 7. Vote on appointing the company's auditor from among the nominated candidates based on the Audit Committee’s recommendation, to examine, review, and audit the financial statements for the second and third quarters and the annual period of the fiscal year 2025, and the first quarter of the fiscal year 2026, and determine their fees. 8. Vote on authorizing the Board of Directors with the authority of the Ordinary General Assembly as mentioned in paragraph (1) of Article 27 of the Companies Law, for a one-year period from the date of the General Assembly approval or until the end of the authorized board term, whichever is earlier, in accordance with the conditions stated in the Executive Regulations of the Companies Law for listed joint-stock companies. 9. Vote on authorizing the Board of Directors to distribute interim dividends on an annual or semi-annual basis for the fiscal year 2025. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss matters listed in the agenda of the Ordinary General Assembly and raise relevant questions, noting that the voting is available free of charge for all Shareholders via: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services may vote remotely (online) on the items of the assembly starting from 01:00 AM Tuesday
11/23/1446 AH corresponding to 2025/05/20 AD up to end of the time of holding the assembly, and registration and voting in Tadawulaty will be available free of charge for all shareholders through use of the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiries, please contact with the department of Investor relations on telephone No: 0114049404, extension (1222) during official work hours of the company from Sunday to Thursday from 8:00 o’clock in the morning to 4:00 o’clock in the evening, or email: Awpt-ir@alkhorayef.com. |
| Attached Documents | |
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