by a84638 a84638 No Comments

The Board of Directors of the Middle East Specialized Cables (MESC), a Saudi joint stock company, is pleased to invite its respected Shareholders to attend the 11th Ordinary General Assembly (First Meeting), to be held, God willing, Sunday 6.30pm, 19-07-1438 (corresponding to 16-04-2017), at the Company’s head office located at the King Abdulaziz District, Salahudeen Al-Ayoubi St. (Sitteen), Riyadh, to consider the following agenda;

1.Voting on the Directors Report for the financial year ended on December 31 2016.
2.Voting on the Company financial statements for the financial year ended on December 31 2016.
3.Voting on the Auditors Report for the financial year ended on December 31 2016.
4.financial year 2017 and the relevant financial information and determining his remuneration.
5.Voting on releasing Board of Directors from liability for the year 2016.
6.Voting on the transactions to be carried out between the Company and the Middle East Fiber Cable Manufacturing Co. (MEFC) represented by MESC Chairman Eng. Abdulaziz Mohammed Alnamlah namely buying finished goods and providing services and businesses, without any preferred conditions, and authorizing same for a coming year taking into account that the value of the transactions made in 2016 (buying finished goods and providing services and businesses) was SAR 5,349,201.
7.Voting on the transactions to be carried out between the Company and Contractors Services Co. represented by MESC Chairman Eng. Abdulaziz Mohammed Alnamlah namely selling cables without any preferred conditions and authorizing same for a coming year taking into account that the value of the transactions made in 2016 (selling cables) was SAR 760,280.
8.Voting on the transactions to be carried out between the Company and the Middle East Mold and Plastic Factory Co Ltd (MEMPF) represented by MESC Board Member Abdulraouf Waleed Albitar namely buying molds and plastic without any preferred conditions and authorizing same for a coming year taking into account that the value of the transactions made in 2016 (buying molds and plastic) was SAR 13,650.

Each shareholder shall be entitled to attend the Ordinary General Assembly and he may also deputize another person (not from among Board members or Company staff) to represent him provided that the original power of attorney is brought to the meeting, attested by the Chamber of Commerce any bank or an authorized person or a notary public and be sent via fax to the following number: 00966 11 4723192 or by post to the following address: P.O. Box 60536 Riyadh 11555 at least two days before the date set for holding the meeting and shareholders (principals or agents) shall be required to bring their original ID cards. For inquiries, please call 00966 11 4767373. Please note that a meeting of the Ordinary General Assembly shall be valid only if attended by Shareholders representing at least 25% (twenty five percent) of the Companys capital. If such quorum cannot be attained at the first meeting a second meeting shall be held within an hour following the time set for the preceding meeting. In all cases the second meeting shall be deemed valid irrespective of the number of shares represented therein.

Important Note: Kindly attach copy of the ID card and commercial registration (see attached) alongside the power of attorney before the date set for the meeting.

Leave a Reply

Your email address will not be published. Required fields are marked *