Arabian Internet and Communications Services Company (solutions) announces the results of the Ordinary General Assembly meeting (first meeting)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) is delighted to announce to its esteemed shareholders the results of the Ordinary General Assembly’s meeting (first meeting). |
| City and Location of the General Assembly's Meeting | solutions headquarters Olaya Street, Riyadh City. Through modern technology means via Tadawulaty Platform. |
| Date of the General Assembly's Meeting | 2025-05-06 Corresponding to 1446-11-08 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 86.04% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | -Mr. Riyadh Muawad (Chairman of the Board )
-Mr. Haithem AlFaraj (Deputy Chairman of the Board) -Mr. Mathad AlAjmi (Board Member) -Mr. Omar AlShabibi (Board Member) -Mr. Fahad AlAmoud (Board Member) -Mr. Abdulatif AlSeif (Board Member) -Mr. Mohammad AlAseeri (Board Member) -Mr. Mohammed AlAbbadi (Board Member)
Absent from attendance was: -Mr. Emad AlOudah (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1-Mr. Riyadh Muawad (Executive Committee & Investment Committee Chairman)
2-Mr. Abdulatif AlSeif (Audit Committee Chairman). 3-Mr. Fahad AlAmoud (Nomination and Remuneration Committee Chairman). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1-The Board of Directors’ report has been viewed and discussed for the fiscal year ending on 31-12-2024.
2-Approve the company’s Auditor’s Report for the fiscal year ending on 31-12-2024 after discussing it.
3-The financial statements have been viewed and discussed for the fiscal year ending on 31-12-2024.
4-Approve the Board of Directors’ recommendation to distribute cash dividends with a total amount of SAR 1,190,408,520 to the shareholders for the year 2024 at SAR 10 per share equivalent to 100% of the share par value, where the eligibility will be to the shareholders owning shares on the General Assembly Meeting date, and are registered in the Company’s share registry at the Depository Center (Edaa) at the end of the second trading day following the due date. The date of the dividends’ distribution will be on 27-5-2025.
5-Approve paying SAR 3,895,000 as remuneration to the Board of Directors and committee members for the fiscal year ending on 31-12-2024. |
| Additional Information | The Board of Directors of solutions would like to thank all respected shareholders for their participation and attendance to the Ordinary General Assembly Meeting (First Meeting).
For inquiries, please contact Investor Relations department: - Email: IR@solutions.com.sa - Phone: +966 11 525 1174 - +966 11 525 2621 - Fax: +966 11 460 1110 |
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