Retailing and Operation Division
Riyadh, Kingdom of Saudi Arabia, 2015-10-14 — /EPR Retail News/ — The Board of Directors of Saudi Automotive Services Company (SASCO) invites the shareholders who own (20) shares or more to attend 34th Ordinary General Assembly Meeting (Second Meeting) which will be held at 04:00 pm of Sunday October 25, 2015 at SASCO Head office (Al-Ehsa Street Malaz – Riyadh) to consider the following agenda:
1. Vote on election of two additional members (Normal Method) to engage the new two seats in the Board of Directors to complete the current session, which began on June 30, 2015 and ends on June 29, 2018, this after the Article (16) of the Article of Association was amended to become the number of the Board Members (9) members instead of (7) members.
2. Vote on amendment of Article II, paragraph (3/3) the rules of selection members of The Nominations & Compensations Committee, the duration of their membership, type of committee work and in particular formatting the Committee and the conditions of committee member, which states that “not be allowed members from the executive directors of the company or who are managing technical or administrative position in the company” to become after the adjustment “may be a member of the committee from executive directors in the company or who are managing technical or administrative position in the company” in order to activate the role of sub- committees of the Council and grant the possibility of participation for members from seniors executives in the company.
Each shareholder wishes to attend the meeting, must attend at least one hour early before meeting time to finish the registration procedures along with his ID, and for those who cannot attend may appoint another shareholder of non-board members or employees of the company, All attorneys (should be certified either by chamber of commerce of Notary or any Bank) and should be handed over to the company or sent by mail to company mailing address (Riyadh 11553 P.O. box. 51880) at least three days early before assembly date, attached a copy of share certificate or proof of ownership. Note that the quorum for the AGM (second meeting) will be valid irrespective of the number of represented shares.
For more information Tel. 011-2068855 Ex. 1112, Fax 011-2068833.