Morse Information Technology Holding Company invites all shareholders to attend the Ordinary General Assembly Meeting, the first meeting for the year 2023.
Date 2023/04/16

Morse Information Technology Holding Company invites all shareholders to attend the Ordinary General Assembly Meeting, the first meeting for the year 2023.

The Board of Directors of Morse Holding Company (a closed Saudi joint-stock company) is pleased to invite the members of the Board of Directors and the company's shareholders to attend the Ordinary General Assembly Meeting (First Meeting) of Morse Information Technology Holding Company. The meeting is scheduled to be held on Tuesday, 02/05/2023G at 9:30 AM at the company's headquarters in Jeddah, to discuss the following agenda items:

  1. Canceling two notification request submissions to the Ministry regarding the Ordinary General Assembly:

    • No. 1358622 dated 26/04/2023G
    • No. 1358643 dated 29/04/2023G
  2. Appointing the company's first external auditor: Messrs. Zain Al-Abidin Al-Harbi Professional Consulting (Certified Public Accountants), for fees amounting to SAR 23,000.
  3. Voting on the Board of Directors' report for the fiscal year ended 31/12/2022G.
  4. Voting on the financial statements for the fiscal year ended 31/12/2022G.
  5. Voting on the external auditor's report for the fiscal year ended 31/12/2022G.
  6. Voting on the Audit Committee's report.
  7. Voting on discharging the members of the Board of Directors from liability for the fiscal year ended 31/12/2022G.
  8. Voting on the non-distribution of dividends for the fiscal year ended 31/12/2022G.
  9. Voting on the non-distribution of remuneration to the Board of Directors members for the fiscal year ended 31/12/2022G.
  10. Voting on the full settlement of amounts due to a related party, Dr. Fahad Farooq Hakeem, regarding his financing of the company's investment portfolio, in exchange for selling company-owned shares to him at cost price, as specified in an independent contract.
  11. Voting on transactions with related parties.
  12. Voting on granting permission to Board Member Dr. Fahad Farooq Hakeem to engage in a competing business activity.
  13. Voting on business activities and contracts executed between the company and the Board Member.