Dur Hospitality Company Invites Its Shareholders To Attend Meeting Of The Ordinary General Assembly (First Meeting) Through Modern Means Of Technology

May 04 2021
EXPLANATION ELEMENT LIST
Introduction Board of Directors of Dur Hospitality Company is pleased to invite the shareholders to attend (first meeting) ordinary meeting of the general assembly to participate and vote in the fifty second ordinary general assembly meeting determined to be held on Tuesday 13/10/1442H corresponding to 25 May 2021 through modern means of technology. The company is holding the meeting through the modern means of technology due to its keenness on safety of the company shareholders, and so as to support the preventive and cautionary measures taken by the concerned health authorities to control coronavirus (COVID 19), and as part of the continuous efforts exerted by all competent government entities in Saudi Arabia in taking the necessary measures for stopping Coronavirus spread.
City and Location of the General Assembly's Meeting The meeting will take place through modern means of technology from the company head office at the Diplomatic quarter in Riyadh, there is no actual presence at the company's headquarters, to support the preventive and cautionary measures.
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021/05/25 Corresponding to 1442/10/13
Time of the General Assembly's Meeting 19:00
Attendance Eligibility Every shareholder entered in the register of the company shareholder with the depository center by end of the deliberation session preceding the first extraordinary general assembly meeting has the right to attend meeting of the assembly, and according to the related laws and regulations.
Quorum for Convening the General Assembly's Meeting Pursuant to Article No (29) of the Articles of Association of the company, meeting of the first extraordinary general assembly will be valid if it is attended by shareholders representing quarter of the capital at least. If the quorum required for holding this meeting is not present, the second meeting will be held one hour after expiry of the term determined for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda
  1. Voting on the report of the board of directors for the fiscal year ending on 31 Dec. 2020
  2. Voting on the report of the company auditor for the fiscal year ending on 31 Dec. 2020
  3. Voting on the consolidated financial statements of the fiscal year ending on 31 December 2020
  4. Voting on recommendation of the board of directors for not distributing cash profits to shareholders for the year 2020.
  5. Voting on authorization of the board of directors to distribute terminal profits bi-annually or quarterly for the fiscal year 2021, and determining the dates of value and distribution according to the regulative controls and procedures issued by CMA.
  6. Voting on delegating to the board of directors the authority of the general assembly according to the license mentioned in clause (1) of Article No 71 of the Companies Act for one year from date of approval of the ordinary general assembly, pursuant to the conditions stated in the regulatory controls and procedures issued by CMA to put into effect the Companies Law related to the enlisted joint stock companies.
  7. Voting on the appointment of the company auditor from among the number of the candidates based on recommendation of the auditing committee to check, review and audit the financial statements for the second, third and fourth quarter and the annual statements for the fiscal year 2021 as well as the first quarter of the fiscal year 2022, and determining his remunerations.
  8. Voting on amendment of the policy of the remunerations of the board and its sub-committees.
  9. Voting on the policy of the standards of the bid of the members of the board of directors for the company works or one of its activities.
  10. Approving payment of (SR 1,800,000) as a remuneration for the members of the board of directors for the year ending on 31 December 2020
Proxy Form Attached
E-Vote Honorable shareholders registered in Tadawulaty services may vote on the items of the assembly through electronic voting service, starting from 10:00 AM Friday 09/10/1442H corresponding to 21 May 2021 up to end of the time of holding the assembly, and registration and voting in Tadawulaty will be available free of charge for all shareholders through use of the following link: www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting  
Method of Communication For inquiries and questions about the agenda items of the AGM can be contacted with the management of shareholders:
Phone: 0114816666 – Ext: 500
Mobile: 0504277630
Fax:0114801666
Email: [email protected]

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