EGM second meeting 2023
Saudi Industrial Services Co. announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)
| Element List | Explanation |
| Introduction | The Board of Directors of Saudi Industrial Services Co. “SISCO” is pleased to announce the
results of the Extraordinary General Assembly (Second Meeting) |
| City and Location of the General Assembly's Meeting | Head Office – Jeddah using modern technological
means |
| Date of the General Assembly's Meeting | 2023-11-21 Corresponding to 1445-05-07 |
| Time of the General Assembly's Meeting | 19:30 |
| Percentage of Attending Shareholders | 35.11% |
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of
the Absentees | The following Board members attend the meeting: - Mr. Aamer Abdullah Alireza (Chairman)
- Eng. Rayyan Mohammed Nagadi (Vice Chairman)
- Eng . Saleh Ahmed Hefni (Board Member)
- Ms. Muneera Hejab AlDossary (Board Member)
- Mr. Talal Nasir AlDakhil (Board Member)
- Mr. Ahmed Mohammed AlRabiah (Board Member)
- Mr. Nader Mohammed Saleh Ashoor (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 | Eng. Rayyan Mohammed Nagadi (Chairman of the Investment Committee) Mr. Talal Nasir AlDakhil (Chairman of the Nomination and Remuneration Committee
(Mr. Nader Mohammed Saleh Ashoor (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1) Approved to amend the company's bylaws in line with the new companies' law.
2) Approved to amend Article (2) of the company's bylaws, which is related to the name of the company.
3) Approved to amend Article (3) of the company's bylaws, which is related to the company's objectives.
4) Approved the amendment of the Audit Committee's Regulations.
5) Approved the company's purchase of a number of its shares and a maximum of (8,160,000) shares and keep them as treasury shares, as the Board of Directors or the authorized persons consider that the share price in the market is less than its fair value. The purchase will be financed from the company's own resources and authorizing the Board of Directors to complete the process within 12 months of the extraordinary general assembly's approval date, and the company will keep the purchased shares for a maximum period of (5) years from the date of approval of the extraordinary general assembly. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations. |
| Additional Information | In the event of an inquiry, we hope to contact the Shareholders Relations Department through Phone number: 0126619500
Email: IR@sisco.com.sa |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
