The board of directors of Fitaihi Holding Group is pleased to invite its shareholders owning 1 shares or more to attend the Ordinary General assembly Meeting to be held in the Auction House Building beside Fitaihi Center – Madina Road – Jeddah on 22-03-2015 corresponding to 02-06-1436 at 17:00 to consider the following agenda:
1-Approval on the Board of Directors’ annual report for the fiscal year ended December 31, 2014, and all information and suggestions included.
2-Approval on the consolidated financial statements and auditor’s report for the fiscal year ended December 31, 2014.
3-Discharge of the Board of Directors from their responsibility regarding their activities undertaken through the fiscal year 2014.
4-Approval on the Board of Directors’ recommendation to transfer the profits of the fiscal year 2014 to the retained earnings.
5-Approval on the lease renewal of the 6th floor of Fitaihi Auction House, Madina Road, Jeddah to the Chairman of the Board Mr. Ahmed H. Fitaihi for five-years at a yearly rent of SR. 404,404 (renewable for similar tenure with 25% increase for each lease year in the second tenure) payable in the beginning of each lease year, in addition to 3 months’ notice period in case either party wouldn’t renew the rent.
6-Approval on the appointment of the candidate external auditor nominated by the Audit Committee for the audit of the quarterly and annual financial statements for the fiscal year 2015, and their fees.
The quorum necessary for the meeting to be in session should be attended by the shareholders representing 50% of the company’s capital.
Each shareholder owning 1 or more shall have the right to attend the general assembly meeting whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the chamber of commerce authorizing another shareholder, other than the member of the board of directors or employees of the company, to attend the general assembly meeting on their behalf and it should be sent to P.O. Box 2606 – Jeddah 21461 – Fitaihi Center – Madina Road – Jeddah and delivered to the company prior 3 day of the meeting.
Contact details : Tel: 012-2604200 – Fax: 012-6514860 – sh@fitaihi.com.sa