AnnouncementDetails

Actions

Saudi Arabian Mining Company (Ma’aden) Invites its Shareholders to Attend the 12th Ordinary General Assembly Meeting (First Meeting)

Element ListExplanation
Introduction The Board of Directors of Saudi Arabian Mining Company (Ma’aden) is pleased to invite the Company’s shareholders to attend the 12th Ordinary General Meeting (First Meeting) via modern technology means provided by Tadawulaty.

In compliance with the circular issued by Capital Market Authority’s Board of directors that includes the General Assembly Meetings of listed joint-stock companies should be held remotely via modern technology means and the suspension of conducting General Assembly Meetings by physical attendance until further notice, which is in the interest of the safety of stock exchange dealers and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the new Corona virus (COVID-19) and as an extension of the continuous efforts made by all government entities in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

City and Location of the General Assembly's Meeting Company Head Quarters in Riyadh
URL for the Meeting Location Click here
Date of the General Assembly's Meeting 2020-10-22 Corresponding to 1442-03-05
Time of the General Assembly's Meeting 18:30
Attendance Eligibility All shareholders registered at the Securities Depositary Center Registry at the end of the trading session preceding the General Assembly Meeting and as per the laws and regulations.
Quorum for Convening the General Assembly's Meeting The Meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least 50% of the Company’s capital.
General Assembly Meeting Agenda 1. Vote on the Board of Directors' Resolution to appoint Eng. Mosaed Sulaiman AL Ohali as an Executive Director, effective from his appointment date 1/04/2020 to complete the Board term until the end of the current term on 24/10/2020. (CV attached)

2. Voting on the election of the Board of Directors from among the candidates for the next term, which begins on 25/10/2020 for a period of three years, ends on 24/10/2023 (CVs attached)

3. Voting on the formation of the Audit Committee for the new term, which begins on 25/10/2020 for a period of three years, ends on 24/10/2023 and on its role, responsibilities, processes and the remuneration of its members candidates are: (CVs attached)

a. H.E. Suliman bin Abdulrahman AlGwaiz (Chairman)

b. H.E. Eng. Khalid bin Saleh AlMudaifer (Member)

c. Mr. Walid bin Ibrahim Shukri (Member)

d. Mr. Mike Cheng (Member)

Proxy Form
E-Vote Shareholders can vote remotely at the 12th Ordinary General Assembly Meeting agenda via the free E-voting services on Tadawulaty website (https://www.tadawulaty.com.sa), starting from 10:00 AM on Sunday 18 October 2020 (corresponding to 01/03/1442H) and it will end once the Ordinary General Meeting ended.
Eligibility for Attendance Registration and Voting Eligibility for attendance registration and voting ends upon the convening of the General Assembly Meeting. Eligibility for voting on the meeting agenda ends upon the Counting Committee concluding counting of the votes.
Method of Communication If there are any enquiries regarding the General Assembly agenda, please contact the Governance and Market Compliance Department at:

Tel:

0118748290,

0118748276

E-mail:

MarketCompliance@maaden.com.sa

Attached Documents     

The Capital Market Authority and the Saudi Stock 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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
41.05 -0.1 (-0.24%)
Value Traded (SAR) Volume Traded
19,785,328.7 483,720