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Banan Real Estate Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting
20/08/2023
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Banan Real Estate Company is pleased to invite it’s shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which is scheduled to be held through modern technology, at exactly 6:30 pm, on Monday, 11/09/2023 corresponding to 26/02/1445H. |
| City and Location of the General Assembly's Meeting | Company’s Headquarter, Riyadh City- via modern technology. |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2023-09-11 Corresponding to 1445-02-26 |
| Time of the General Assembly's Meeting | 18:30 |
| Attendance Eligibility | 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. |
| Quorum for Convening the General Assembly's Meeting | According to Article (29) of the company's articles of association, the Extraordinary General Assembly meeting is valid if attended by shareholders representing half of the capital. |
| General Assembly Meeting Agenda | 1- To vote on the amendment of Article No. (13) of the company's bylaws which is related to the shareholder register. Attached. 2- To vote on the amendment of Article No. (14) of the company's bylaws which is related to the capital increase. Attached. 3- To vote on amending Article No. (19) of the company's bylaws which is related to the powers of the board. Attached. 4- To vote on the amendment of Article No. (20) of the company's bylaws which is related to the remuneration of board members. Attached. 5- To vote on amending Article No. (21) of the company's bylaws which is related to the powers of the president, deputy, managing director and secretary. Attached. 6- To vote on amending Article No. (26) of the company's bylaws which is related to the invitation to assemblies. Attached. 7- To vote on amending Article No. (28) of the company's bylaws which is related to the quorum of the Ordinary General Assembly meeting. Attached. 8- To vote on amending Article No. (29) of the company's bylaws which is related to the quorum of the Extraordinary general assembly meeting. Attached. 9- To vote on the amendment of Article No. (30) of the company's bylaws related to voting in assemblies. Attached. 10- To vote on amending Article No. (31) of the company's bylaws which is related to decisions in assemblies. Attached. 11- To vote on amending Article No. (34) of the company’s bylaws which is related to taking decisions of the assembly by circulation. Attached. 12- To vote on the amendment of Article No. (35) of the company's bylaws related to the appointment of the auditor. Attached. 13- To vote on the amendment of Article No. (36) of the company's bylaws related to the powers of the auditor. Attached. 14- To vote on the amendment of Article No. (37) of the company's bylaws related to the fiscal year. Attached. 15- To vote on the amendment of Article No. (38) of the company's bylaws related to financial documents. Attached. 16- To vote on the amendment of Article No. (39) of the company's bylaws related to the distribution of profits. Attached. 17- To vote on amending Article No. (40) of the company's bylaws which is related to the entitlement to profits. Attached. 18- To vote on amending Article No. (41) of the company’s bylaws which is related to the company’s losses. Attached. 19- To vote on the amendment of Article No. (42) of the company’s bylaws related to the liability claim. Attached. 20- To vote on amending Article No. (43) of the company's bylaws which is related to the termination of the company. Attached. 21- To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (2) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, for (Real Estate Activity - Construction and Building Activity - Real Estate Development activity). 22- To vote on the participation of a member of the Board of Directors, Mr. Naif Abdullah Al-Sufian, in a business competing with the company's business. Attached. 23- To vote on the participation of a member of the Board of Directors, Mr. Faisal Muhammad Al-Haqbani, in a business competing with the company's business. Attached. 24- To vote on the participation of a member of the Board of Directors, Mr. Ahmed Suliman Al-Muzaini, in a business competing with the company's business. Attached 25- To vote on the amendment of Article No. (44) of the company's bylaws related to the companies' system and its regulations. Attached. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) | Shareholders registered in the Tadawulati services can vote electronically on the items of the assembly starting from 1:00 AM on Thursday, 07/09/2023 corresponding to 22/02/1445H, until the end of the time of the assembly. Registration and voting in the Tadawulati services will be available and free for all shareholders using the link below: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly's Meeting Ends upon the Convenience of the General Assembly's Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | In case of any queries, don't hesitate to contact us through Investor Relations Department Banan Real Estate Company Tel: +966-11-4808085 Fax: +966-11-4801457 Email: info@bananrealestate.com |
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