10 March 2012
Jarir Marketing Company is pleased to invite its shareholders to the general assembly meeting AGM ( no. 9 ) , scheduled to be held at Prince Salman Hall , Sheraton Riyadh on Tuesday 13/03/2012 corresponding to 20/04/1433 at 6:30 PM , to discuss the following Agenda :
1.Approve the report of the Board Of Directors for the financial year ending 31/12/2011.
2.Approve the Statutory Auditors Report for the financial year ending 31/12/2011.
3.Approve the consolidated financial statements of the company for the financial year ending 31/12/2011.
4.Approve the distribution of total cash dividends to shareholders for the Q1, Q2, Q3 and Q4 of the year 2011 at the rate of SR 7 per share ( equivalent to 70 % of companys capital ), after considering the capital increment from 40 m. to 60 m. shares that has been approved by the 5th EGM held on 25/12/2011 .
5.Absolve the board members of any liability pertaining to the management and administration of the company for the financial year ending 31/12/2011.
6.Approve the amendment of Corporate Governance principles, policies and procedures.
7.Approve the appointment and approving fees of the External Statutory Auditors nominated by the Audit Committee for the audit of the quarterly and annual financial statements for the financial year ending 31/12/2012.
8.Approve the related parties contracts and transactions executed between Jarir Marketing Co. and (Jarir Investment Co., Kite Arabia ltd and Jarir Real Estate Co.) that are owned by some of the Board members, moreover authorizing for these transactions for the financial year ending 31/12/2012.
9.Approve the Board Authorization to distribute quarterly dividends for the shareholders and setting the due date and payment date in light of the rules and regulations of the Ministry of Commerce.
10.Approve the written policy to regulate the conflict of interest for the Board Members, Executives and shareholders.
11.Approve the criteria and principles for the membership of the Board of Directors.
In line with the Article (No. 26) of the company bylaws, the general assembly meeting shall be valid only if attended by shareholders representing at least one-half of the capital, in addition that the Article (No. 19) of the company bylaws includes that any shareholder holding at least (20) shares, shall have the right to attend the general assembly meeting as well.
For the shareholders who cannot attend the General Assembly meeting , they may appoint on their behalf another shareholder ( rather than a member of the board of Directors or company employee or assigned to do a permanent services in favor of the company ) by filling up a proxy form which must be ratified by either the Chambers of Commerce or any of Banks or from the proxys Employer, then sending it to the companys headquarter located on Olaya St. Riyadh , at least 3 days before the General Assembly Meeting .
For queries, please contact us on Tel. 01 4626000 ext. 1613 & 1610 or Fax 01 2018131.
Jarir Marketing Company is pleased to invite its shareholders to the general assembly meeting AGM ( no. 9 ) , scheduled to be held at Prince Salman Hall , Sheraton Riyadh on Tuesday 13/03/2012 corresponding to 20/04/1433 at 6:30 PM , to discuss the following Agenda :
1.Approve the report of the Board Of Directors for the financial year ending 31/12/2011.
2.Approve the Statutory Auditors Report for the financial year ending 31/12/2011.
3.Approve the consolidated financial statements of the company for the financial year ending 31/12/2011.
4.Approve the distribution of total cash dividends to shareholders for the Q1, Q2, Q3 and Q4 of the year 2011 at the rate of SR 7 per share ( equivalent to 70 % of companys capital ), after considering the capital increment from 40 m. to 60 m. shares that has been approved by the 5th EGM held on 25/12/2011 .
5.Absolve the board members of any liability pertaining to the management and administration of the company for the financial year ending 31/12/2011.
6.Approve the amendment of Corporate Governance principles, policies and procedures.
7.Approve the appointment and approving fees of the External Statutory Auditors nominated by the Audit Committee for the audit of the quarterly and annual financial statements for the financial year ending 31/12/2012.
8.Approve the related parties contracts and transactions executed between Jarir Marketing Co. and (Jarir Investment Co., Kite Arabia ltd and Jarir Real Estate Co.) that are owned by some of the Board members, moreover authorizing for these transactions for the financial year ending 31/12/2012.
9.Approve the Board Authorization to distribute quarterly dividends for the shareholders and setting the due date and payment date in light of the rules and regulations of the Ministry of Commerce.
10.Approve the written policy to regulate the conflict of interest for the Board Members, Executives and shareholders.
11.Approve the criteria and principles for the membership of the Board of Directors.
In line with the Article (No. 26) of the company bylaws, the general assembly meeting shall be valid only if attended by shareholders representing at least one-half of the capital, in addition that the Article (No. 19) of the company bylaws includes that any shareholder holding at least (20) shares, shall have the right to attend the general assembly meeting as well.
For the shareholders who cannot attend the General Assembly meeting , they may appoint on their behalf another shareholder ( rather than a member of the board of Directors or company employee or assigned to do a permanent services in favor of the company ) by filling up a proxy form which must be ratified by either the Chambers of Commerce or any of Banks or from the proxys Employer, then sending it to the companys headquarter located on Olaya St. Riyadh , at least 3 days before the General Assembly Meeting .
For queries, please contact us on Tel. 01 4626000 ext. 1613 & 1610 or Fax 01 2018131.
© Tadawul 2012
