Invitation to Attend The Annual General Assembly Meeting of 2016

The Securities House board of directors would like to invite the shareholders to attend the annual general assembly meeting for the year ended 31 December 2016, scheduled to be held on Monday 15 May 2017, at 11: 30 am in the Public Authority for Industry Auditorium No. (3), located in Al Shuhada area, Ministries’ district, to discuss and approve the following topics listed on its agenda:

 

1-

To recite the report of the Board of Directors for the fiscal year ended 31 December 2016, and obtain the General Assembly’s’ approval.

2-

To recite the governance report and the Audit Committee report for the year ended 31 December 2016.

3-

To recite the remuneration report for the year ended 31 December 2016, and obtain the General Assembly’s’ approval.

4-

To recite the statement of the financial and non-financial penalties imposed on the company by the regulatory authorities during the fiscal year ended 31 December 2016.

5-

To recite the report of the Fatwa and Sharia Supervisory Board for the fiscal year ended 31 December 2016, and obtain the General Assembly’s’ approval.

6-

To recite the external auditors’ report for the fiscal year ended 31 December 2016, and obtain the General Assembly’s’ approval.

7-

To discuss the company’s financial statements for the fiscal year ended 31 December 2016, and obtain the General Assembly’s’ approval.

8-

To approve the recommendation of the Board of Directors to not declare dividends for the fiscal year ended 31 December 2016.

9-

To authorize the Board of Directors to buy or sale the Company’s own shares of no more than 10% of its share capital in accordance with the provisions of Law No. 7 of 2010 and its executive charter and amendments.

10-

To approve dealing with related parties during the fiscal year ended 31 December 2016, and to authorize the Board of Directors to deal with related parties during the fiscal year ending 31 December 2017.

11-

To approve the recommendation of the Board of Directors to not grant remuneration to the Board of Directors for the fiscal year ended 31 December 2016.

12-

To acquit the members of the Board of Directors in respect of all their financial and legal actions for the fiscal year ended 31 December 2016.

13-

To appoint or re-appoint the external auditor from the list of external auditors accredited by the Capital Markets Authority with the consideration of the mandatory period of changing the company’s external auditor for the fiscal year ending 31 December 2017 and authorize the Board of Directors to agree their fees. 

14-

To appoint or re-appoint the external Shariah audit firm for the fiscal year ending 31 December 2017 and authorize the Board of Directors to agree their fees.

 

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