| ELEMENT LIST | EXPLANATION |
|---|---|
| Announcement Detail | Saudi 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. |
CERTIFICATIONS & AWARDS
Addendum Announcement from Saudi Cable Co. regards to the resignation of 3 members of the Board of Directors (members of the Audit Committee)
| ELEMENT LIST | EXPLANATION |
|---|---|
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2021-03-23 Corresponding to 1442-08-10 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | Membership 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 change | Not yet determined |
Saudi Cable Company announces the resignation of 3 members of the Board of Directors (members of the Audit Committee)
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Saudi 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 LIST | EXPLANATION |
|---|---|
| Name of Resigning Member | Mrs. Noha Abdulghani H. SulaimaniMr. Azhar Medo M. KenjiMr. Nael Samir M. Fayez |
| Resignation Submission Date | 2021-03-23 Corresponding to 1442-08-10 |
| Resignation Effective Date | 2021-03-23 Corresponding to 1442-08-10 |
| Reasons for Resignation | Lack of clarity in the dealing policy between the committee and the executive management |
| Resigning Member Start Date | 2021-02-17 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.
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Saudi 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 Meeting | 2021-02-24 Corresponding to 1442-07-12 |
| Target Amount | 360,000,000 SAR |
| Reasons for the increase | Capital 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 date | The 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. |
| Approvals | Approval by official related authorities and the Extraordinary General Assembly. |
| Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA | Appointing of FALCOM Financial Services as a Financial Advisor for the offering transaction. |
| Additional Information | The 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.
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Reference 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 Website | 2021-01-27 Corresponding to 1442-06-14 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | Saudi 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 change | N/A |
| Additional Information | N/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.
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.
| ELEMENT LIST | EXPLANATION |
|---|---|
| Announcement Detail | Following 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)
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Saudi 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 Meeting | Jeddah, Company’s Head Office and Through Means of Modern Technology. |
| Date of the General Assembly’s Meeting | 2021-01-13 Corresponding to 1442-05-29 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 7.64% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | Eng. 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 Behalf | Dr Abdullah Masri (Board Member & Chairman of Nomination & Remunerations Committee). |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | Approve 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 Information | N/A |
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.
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of Saudi Cable Company is pleased to invite the Shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting), which is scheduled to be held by God’s Will, at 06:30 pm on Wednesday 29 Jumada Al-Awwal 1442H, corresponding to 13 January 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 Meeting | Saudi Cable Company’s Head Office, Jeddah, Saudi Arabia |
| URL for the Meeting Location | https://goo.gl/maps/n1DjR9jfvKxMvsTS6 |
| Date of the General Assembly’s Meeting | 2021-01-13 Corresponding to 1442-05-29 |
| Time of the General Assembly’s Meeting | 18:30 |
| Attendance Eligibility | Each Shareholders 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 Meeting | The 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 Agenda | – Voting on electing the members of the Board of Directors from candidates for the forthcoming term, which shall commence on 01/06/1442H, corresponding to 14/01/2021 for a period of (3) years ending on 01/07/1445H, corresponding to 13/01/2024 (Attached: Nominees’ CVs). |
| Proxy Form | Link to view the Proxy Form |
| E-Vote | Note that shareholders registered on Tadawulaty services can vote remotely (on line) on the items of the Ordinary General Assembly Meeting, starting at (10:00 am) on (Sunday) 26/05/1442H corresponding to 10/01/2021 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 Voting | Noting 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 Communication | For any further inquiries, please, contact : Shareholders Department via Telephone No. 0126087500 oremail: (Investor.Relations@saudicable.com) . |
| Additional Information | The 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). |