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Red Sea Housing Services Co. invites its shareholders to attend the Extraordinary general assembly

Red Sea Housing Services Company invites its shareholders to attend the Extraordinary General Assembly Meeting. (First Meeting)

The Board of Directors of Red Sea Housing Services Company would like to invite the respected shareholders to attend the Extraordinary General Assembly Meeting (EGM), which is scheduled to convene in Al Dana Ballroom at Jeddah Elaf Hotel in Jeddah, on Thursday, 16-02-2017 corresponding to 19-05-1438 at (06:30 pm) to discuss the following agenda items:

1- To vote on the amendment of Article (2) of the Company's Bylaws, by changing the name of the Company to (Red Sea International Company).
2- To vote on the amendment of Article (3) of the Company's Bylaws, which is related to Objectives of the Company.
3- To vote on the incorporation of Article (17) in the Company's Bylaws, which is related to authorizing the Company to purchase and pledge its shares.
4- To vote on the amendment of Article (18) of the Company's Bylaws, which is related to the Constitution of the Board of Directors.
5- To vote on the amendment of Article (19) of the Company's Bylaws, which is related to the expiry of Board Membership.
6- To vote on the amendment of Article (21) of the Company's Bylaws, which is related to the authority of the Board.
7- To approve the amendments to the Company's Bylaws in accordance with the Companies Law issued by the Ministry of Commerce and Investments.
8- To vote on the appointment of Mr. Abdullah Farid Shaker as a Member of the Board of Directors effective from 25-07-2016 corresponding to 20-10-1437.
9- To vote on the formation of the Audit Committee and determining its responsibilities, framework, and the remunerations of its Members, to complete the current three-year cycle which started on 25-04-2015. The nominated Members are:
- Mr. Sami Ahmed BinMahfooz (Independent Member)
- Dr. Muhammad Ali Hasan Ikhwan (Independent Member)
- Mr. Mohamed Husnee Jazeel (Non-Executive Member)
- Mr. Jamal Abdullah Al Dabbagh (Non-Executive Member)
- Mr. Abdullah Farid Shaker (Independent Member)
10- To vote on the amendments to the Audit Committee Charter in accordance with the Companies Law issued by the Ministry of Commerce and Investments and CMA Charters.

For the EGM to convene, attending shareholders shall represent at least 50% of the share capital. All shareholders have the right to attend the EGM. For those who may not be able to personally attend, they may provide a Power of Attorney (POA) to a person other than, Members of the Board of Directors or employees of the Company, to attend on their behalf, subject to having the POA attested by the Notary Public, Chamber of Commerce, a local bank, or one of the Authorized Persons. The POA must be submitted in the Head Quarter of the Company at least two days before the EGM date on the following address: (RSH HQ, Jeddah, Prince Mohammed Bin Abdulaziz Street). Attending shareholders (in person or through POA) should ensure bringing their personal identification cards and the original POA.

Contact Details:
Telephone: 012 6221095
Fax: 012 6221346
Email: mohammed.mallawi@redseahousing.com

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.

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