CERTIFICATIONS & AWARDS

Saudi Cable Company announces of a transaction for purchasing assets amount of 200 Million Saudi Riyal for the purpose of reselling them to finance the working capital of the Company.

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ELEMENT LISTEXPLANATION
Transaction DetailsAl-Nawasi Gulf Trading Company sold new cars; value of 200 million Saudi Riyals to Saudi Cable Company on credit according to the models and quantities listed in the contract and in accordance with the quotation attached with it, and be added an increase of 5% per year and shall be delivered within 25 working days from the date of signing the contract against an advance payment of12% of the total value, of it 3% payable upon signature, and half of 9% payable upon receiving half of the cars’ value and the rest is after receiving the remaining amount of the cars and the duration of this contract is 60 months.
Transaction Value200 Million Saudi Riyal
Transaction Terms1. A contract to purchase cars on credit at an amount of 200 million Saudi Riyal. 2. Payable on annual installments for a period of 5 years, at an increase of 5%.
Parties of the Transaction1. Nawasi Gulf Trading Company (Seller). 2. Saudi Cable Company (Buyer).
Transaction Funding MethodOn credit
Transaction Execution Date2021-05-04 Corresponding to 1442-09-22
Description of the Business of the Asset forming the Subject Matter of the TransactionCars – Assets Retained for the purpose of resale.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the TransactionNot applicable
Transaction reasonsTo finance the working capital
Expected Impact of the Transaction on the Company and Its OperationsThe company will use the cash flows obtained from the resale of the assets in order to finance the working capital, which will result into an increase of the operations activity of the Company by increasing working capital turnover.
Related PartiesNot applicable
Additional InformationSaudi Cable Company will resell these assets within a short period for the purpose of using the cash flows obtained from the resale in order to finance the working capital.

Saudi Cable Company announces that it was unable to publish its annual financial results ending on December 31, 2020 on (Tadawul web site) on time

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ELEMENT LISTEXPLANATION
Announcement DetailSaudi Cable Company announces that it was unable to publish its annual financial results ending on 31/12/2020 on the Saudi Stock Exchange website (Tadawul) on time due to the failure to complete the requirements of the review process for the consolidated financial statements of Saudi Cable Company for the year 2020 before 31-03-2021 so far by the external auditor.The Saudi Cable Company expects the external auditor to complete the audit work and publish the consolidated annual financial statements before the date 06-04-2021.Note that the procedures for suspending trading in listed securities will be applied according to the listing rules approved by the CMA Board Decision No. (1-10-2019) dated 24-05-1440H corresponding to 30-01-2019 and announced on (Tadawul) website on March 25, 2019.

Addendum Announcement from Saudi Cable Co. regards to the resignation of 3 members of the Board of Directors (members of the Audit Committee)

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ELEMENT LISTEXPLANATION
Date of Posting the Previous Announcement of Development on Tadawul’s Website2021-03-23 Corresponding to 1442-08-10
URL of the Previous AnnouncementClick Here
Change on the DevelopmentMembership Status: Independent membersDate of resignation acceptance:The board of directors has not met, and the date of resignation acceptance will be announced later.Resigning Member Start Date:2021-02-17
Financial Impact on the changeNot yet determined

Saudi Cable Company announces the resignation of 3 members of the Board of Directors (members of the Audit Committee)

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ELEMENT LISTEXPLANATION
IntroductionSaudi Cable Company announces that 3 members of the Board of Directors (members of the Audit Committee) submitted their resignations on March 23, 202, and their names are shown below, provided that the resignation takes effect from the date of the Board’s decision.
ELEMENT LISTEXPLANATION
Name of Resigning MemberMrs. Noha Abdulghani H. SulaimaniMr. Azhar Medo M. KenjiMr. Nael Samir M. Fayez
Resignation Submission Date2021-03-23 Corresponding to 1442-08-10
Resignation Effective Date2021-03-23 Corresponding to 1442-08-10
Reasons for ResignationLack of clarity in the dealing policy between the committee and the executive management
Resigning Member Start Date2021-02-17 Corresponding to 1442-07-05

Saudi Cable Company announces of recommendation by the Board of Directors on increase of the Company’s capital through offering of rights issue.

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ELEMENT LISTEXPLANATION
IntroductionSaudi Cable Company announces of recommendation by the Board of Directors on increase of the Company’s capital through offering of rights issue.
Date of Board Meeting2021-02-24 Corresponding to 1442-07-12
Target Amount360,000,000 SAR
Reasons for the increaseCapital restructuring and injection of new funds to provide working capital so that the Company can increase its operational capacity and supports the future activity of the Company.
Eligibility dateThe eligibility shall be for Shareholders who own the shares on the convention day of the Extraordinary General Assembly that decided to increase the capital through offering rights issue, and whose names are registered in the Company’s Shareholders Register at the Depository Centre (EDAA) as of the closing of the second trading day after the Extraordinary General Assembly meeting.
ApprovalsApproval by official related authorities and the Extraordinary General Assembly.
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMAAppointing of FALCOM Financial Services as a Financial Advisor for the offering transaction.
Additional InformationThe submission of the application to Capital Market Authority (CMA) for capital increase shall be announced later, further with any future development and update in this regard.

Addendum announcement from Saudi Cable Company regarding inviting its Shareholders to attend the Ordinary General Assembly Meeting (1st Meeting) in person or via means of modern.

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ELEMENT LISTEXPLANATION
IntroductionReference to Saudi Cable Company announcement on Wednesday, dated January 27, 2021, regarding inviting its Shareholders to attend the Ordinary General Assembly Meeting (1st Meeting) in person or via means of modern technology.
Date of Posting the Previous Announcement of Development on Tadawul’s Website2021-01-27 Corresponding to 1442-06-14
URL of the Previous AnnouncementClick Here
Change on the DevelopmentSaudi Cable Company is pleased to inform its Shareholders that the English form for the nominees to the Membership of the Audit Committee has been added to the attached files.
Financial Impact on the changeN/A
Additional InformationN/A
Attached Documents  Click Here

Saudi Cable Company announces to invite its Shareholders to attend the Ordinary General Assembly Meeting (First Meeting) in presence and by means of modern technology.

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ELEMENT LISTEXPLANATION
IntroductionThe Board of Directors of Saudi Cable Company is pleased to invite the Shareholders to participate and vote in the Ordinary General Assembly Meeting ( First meeting), which is scheduled to be held by God’s Will, at 06:30 pm on Wednesday 05 Rajab 1442H, corresponding to 17 February 2021, in presence and by means of modern technology. This is within the efforts in supporting the precautionary and preventive measures by the competent and relevant health authorities to address the emerging Corona virus (COVID – 19), and as an extension of the continuous efforts that taken by all government authorities in the Kingdom of Saudi Arabia to take all the necessary preventive measures to prevent its outbreak.
City and Location of the General Assembly’s MeetingSaudi Cable Company’s Head Office, Jeddah, Saudi Arabia.
URL for the Meeting Locationhttps://goo.gl/maps/n1DjR9jfvKxMvsTS6
Date of the General Assembly’s Meeting2021-02-17 Corresponding to 1442-07-05
Time of the General Assembly’s Meeting18:30
Attendance EligibilityEach Shareholder who is registered in the Company’s Shareholders Register at the Depository Centre (EDAA) is entitled to attend OGA’s meeting at the end of the trading session preceding the General Assembly Meeting as per Rules and Regulations.
Quorum for Convening the General Assembly’s MeetingThe validity of the Ordinary General Assembly Meeting is subject to the attendance of a number of Shareholders representing at least one quarter of the Company’s capital. Failing such a quorum at the first meeting, another meeting will be convened one hour after the end of the period declared for the first meeting. However, the second meeting will be valid irrespective of the number of the shares represented in it.
General Assembly Meeting AgendaVoting on forming the Audit Committee and determines its responsibilities and charter as well as the remunerations of the committee’s members for the new term starting from date of the Assembly on February 17, 2021 up to the end of the term on January 13, 2024, noting that the candidates (whose CVs are attached) are as follow:Mrs. Nuha SulaimaniMr. Azhar KenjiMr. Nael Faiz
Proxy Form
E-VoteShareholders registered on Tadawulaty services can vote electronically (remote on line) on the items of the Ordinary General Assembly Meeting, starting at (10:00 am) on (Sunday) 02/07/1442H corresponding to 14/02/2021 up to the ending time of the convention of the Ordinary General Assembly meeting, and the registration and voting via Tadawulaty services is available for free for the all shareholders on the following link. www.tadawulaty.com.sa.
Eligibility for Attendance Registration and VotingNoting that the eligibility to attend the General Assembly Meeting shall end at the time of the meeting, whereas, the right to vote on OGA’s items for the attendees shall end upon the counting committee completing counting the votes.
Method of CommunicationFor any further inquiries, please, contact: Shareholders Department via Telephone No. 0126087500 or email: (Investor.Relations@saudicable.com).
Additional InformationThe Shareholder has the right to delegate another person to attend in his behalf by a written proxy, provided that the delegated shall not be a member of the Board of directors or an employee of the Company, and such proxy shall be attested by Chambers of Commerce whenever the Shareholder is holding a membership of one of them or if the Shareholder is a company or legal entity or one of the licensed banks or a licensed persons in the Kingdom, provided that the principal has an account with the bank or an authorized person who practices certification or a Notaries Public or the persons authorized to do notarial acts. The shareholder or his agent must provide the Company with a copy of the proxy at least two days prior to the date of the convention of the General Assembly and forward it to (Investor.Relations@saudicable.com). The delegated must show the original copy of the proxy prior to the Convention of the General Assembly and all Shareholders/Delegate shall bring their Identification Cards (IDs).

Saudi Cable Company announces appointment of the Chairman of the Board of Directors, Vice-Chairman, Board Secretary and Formation of Nomination and Remunerations Committees emanating from the Board of Directors.

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ELEMENT LISTEXPLANATION
Announcement DetailFollowing the Ordinary General Assembly meeting (46th Meeting) held on Wednesday 29 Jumada Al-Awwal 1442H, corresponding to 13 January 2021, where Company’s Board of Directors has been elected for the new 3-years term, commenced from 14/01/2021 and ending on 13/01/2024.The Board of Directors has resolved in its first meeting, on Wednesday 20/01/2021 as follow:1st: Appointing of Mr. Meyassar Anwar Nowailati, Chairman of the Board– (Non-executive).2nd: Appointing of Mr. Mahmoud Mansour Abdulqafar, Vice-Chairman – (Independent).3rd: Appointing of Mr. Bassem Abdulrahim Saati (Board Secretary).4th: Formation of Nomination and Remunerations Committees, as follow:Mr. Mahmoud Mansour Abdulqafar (Chairman – Independent).Mr. Ali Mohammed Al Attas (Member – Independent).Mr. Meyassar Anwar Nowailati (Member – Chairman of the Board– (Non-executive).Mr. Abdulrahman Ibrahim Al Kayal (Member – Independent).5th: Appointing Company’s representatives at Capital Market Authority (CMA) and Saudi Stock Exchange (Tadawul) for all purposes related to the application CMA Rules and its implementing regulations.The Board has pointed out to the formation of Audit Committee and all resolutions related to it will be resolved by the Ordinary General Assembly according to the new companies’ law.

Saudi Cable Co. Announces the Results of the Ordinary General Assembly Meeting, (Second Meeting)

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ELEMENT LISTEXPLANATION
IntroductionSaudi Cable Company announced the results of the Ordinary General Assembly Meeting (2nd Meeting) for the failing of the quorum in the first meeting , and the second meeting was held after one hour of the first meeting, which held at the Company Head Office in Jeddah, in presence and by means of modern technology using Tadawulaty services, at 06:30 pm, on Wednesday, 13/01/2021, Headedby Eng. Meyassar A. Nowailati, the Chairman of the Board, after valid quorum attended by (7.64%) of the total Company shares.
City and Location of the General Assembly’s MeetingJeddah, Company’s Head Office and Through Means of Modern Technology.
Date of the General Assembly’s Meeting2021-01-13 Corresponding to 1442-05-29
Time of the General Assembly’s Meeting18:30
Percentage of Attending Shareholders7.64%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the AbsenteesEng. Meyassar A. Nowailati (Chairman)Mr. Raaid K. Alireza (Vice-Chairman).Mr. Khalid A. Alireza (Board Member).Dr. Abdullah H. Masri (Board Member & Chairman of Nomination & Remunerations Committee)Mr. Khalid Ali H. Alajlan (Independent Board Member).Eng. Azhar M. Kinji (Independent Board Member.)Mr. Mahmoud M. Abdulgafar (Independent Board Member).While, the following members were unable to attend the meeting due to their special circumstances and they have already informed the Board about:Mr. Yousuf A. Alireza (Board Member).
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their BehalfDr Abdullah Masri (Board Member & Chairman of Nomination & Remunerations Committee).
Voting Results on the Items of the General Assembly’s Meeting Agenda’sApprove to Voting on electing the members of the Board of Directors from candidates for the forthcoming term, which shall commence on 14/01/2021 for a period of (3) years ending on 13/01/2024. They are as follows:- Saleh Al Shathri- Ali Al Attas- Abdulhadi Abul Khair- Azhar Kenji- Nael Faiz- Meyassar Nowailati- Mahmoud Abdulgafar- Abdulrahman Alkhayal- Nuha Sulaimani
Additional InformationN/A