Saudi Steel Pipe Co. Invites its Shareholders to Attend The Extraordinary General Assembly Meeting (First Meeting) via Modern Technology Means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Steel Pipe Company (SSP or the Company) is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting scheduled to be held at 18:30 on 08/09/2025 corresponding to 16/03/1447H through modern technology means provided by Tadawulaty system via the following link (www.tadawulaty.com.sa). |
| City and Location of the General Assembly's Meeting | Company’s Headquarter in Dammam 2nd Industrial City via modern technology means, shareholders can join the meeting and participate via Tadawulaty system through the following link (www.tadawulaty.com.sa). |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-09-08 Corresponding to 1447-03-16 |
| 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 Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least fifty percent (50%) of the capital. If the quorum needed for convening this meeting is not present, the second meeting shall be convened one hour after elapsing the period designated for convening the first meeting. The second meeting shall be valid if attended by shareholders representing at least twenty-five percent (25%) of the capital. |
| General Assembly Meeting Agenda | 1. Voting on the Competing Standards for members of the Board of Directors and members of the Board’ committees of the Company. (attached)
2. Voting on amending the Remuneration Policy for Members of the Board of Directors, Committees and Senior Executives. (attached)
3. Voting on amending the Charter of the Audit Committee. (attached)
4. Voting on amending the Charter of the Remuneration and Nomination Committee. (attached)
5. Voting on the Board of Directors’ recommendation to transfer the statutory reserve balance amounting to 75,799,387 Saudi Riyals as per the interim condensed consolidated financial statements for the three-month and six-month period ended June 30, 2025 to retained earnings. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholders have the right to discuss the assembly agenda topics and ask related questions, shareholders can remotely vote on the assembly agenda through the electronic voting service using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who are registered with the Tadawulaty Services can vote remotely electronically on the Assembly’s agenda starting from 1:00 AM on 04/09/2025 corresponding to 12/03/1447H until the end of the General Assembly’s meeting time. Registration and voting through Tadawulaty Services shall be made available free of charge for all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For enquiry, please contact the Investor Relations Department phone no. 013-8122222 or email address
ssp-investors@tenaris.com |
| Attached Documents | |
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