Chapter 4 Disclosure and Transparency
Shareholders’ Rights and Communications The Company provides a forum for its Shareholders and other users to communicate with the Company on an ongoing basis.
and is consistent with the directives of the Capital Markets Authority and the Ministry of Commerce and Industry. Through the Company’s website (www.bahri.sa), the Company provides a forum for its Shareholders and all other users to communicate with the Company on an ongoing basis. This website can be used to search for any information that may be required, and any updated information relating to the Company, which includes annual, quarterly and operational reports, as well as the Company’s publications, announcements, and information about current and former Shareholders. The Company as well provides all news about its performance and activities through official channels such as the Tadawul website in accordance with the directives of the Capital Markets Authority and the disclosure policy adopted by the Company as part of the corporate governance regulations.
Upon approval by the General Assembly to the payment of dividend, the decision is immediately announced and procedures for payment of dividends to Shareholders who are registered in the records of the Securities Depository Center as at the end of the trading day on the day of the General Assembly meeting is held. Payments are made through local banks within a maximum period of 30 days from the date of the General Assembly’s approval in this regard. The Company participates in the investment forums organized by investment companies. Shareholders through meetings organized by certain agencies that are interested in investment. It has received as well a number of officials of investment agencies. It is noteworthy that the information provided by the Company is limited to public information that has already been disclosed through the official channels of communication The Company has as well approached prospective investors and current
The Company’s shareholders have all the rights and privileges stated in the Company’s Memorandum of Association, which is in line with the Companies’ Law and corporate governance regulations issued by the Capital Markets Authority. The Board of Directors and the Executive Management are eager to create a healthy environment for Shareholders enabling them to exercise all their rights in a convenient and straightforward manner, through communication with the Company’s management. Shareholders who meet the regulatory conditions have the right to be nominated for board membership. They are invited through local newspapers, the Company’s website and the ‘Tadawul’ website to attend the General Assembly meetings in order for Shareholders to exercise their rights to vote and choose their representatives in the Board of Directors. A large number of Shareholders participate in the discussions relating to the Company’s activities and future plans during the General Assembly meetings.
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