غير العادية الدعوة إلى الجمعية العامة: نتفاصيل اإلعال

A Proclamation details of the General Assembly Extraordinary

نوع اجتماع الجمعية العامةType of the meeting of the

General Assembly

Extraordinary  

عدد مرات الدعوة الجتماع الجمعية العامةNumber of Invitation to the

General Assembly

First Meetingאא

عنوان اإلعالن

Announcement Title

Saudi Telecom Company (STC) “The Company”

invites the esteemed Shareholders to attend the

Extraordinary General Assembly meeting (First

Meeting)

א א ?א? אאאא

EאאF 

مقدمة

Introduction

STC Board of Directors is honored to invite the esteemed Shareholders to attend the Extraordinary General Assembly meeting of the Company

א א אאאאאא

א

مكان ومدينة انعقاد الجمعية العامة

Location of the General Assembly

STC HQ, Riyadh (Building 41, Northern Gate

No.3, Imam Saud Bin Abdul Aziz Road, Al

Mursalat district.

אFאאFאאאא٣אE

F٤١E

رابط بمقر االجتماعlink to meeting location

https://goo.gl/maps/YrTqXBwmXsM2 https://goo.gl/maps/YrTqXBwmXsM2

تاريخ انعقاد الجمعية العامةDate of the General Assembly

2019-4-24 ١٩L٨L١٤٤٠ 

الجمعية العامةوقت انعقاد Time of the General Assembly

19:00 ١٩W٠٠ 

حق الحضور

Eligibility to attend the General

Assembly

The Shareholders registered in the Company share registry at the Securities Depository Center Company (Edaa) at the end of trading session preceding the General Assembly Meeting and as per the rules and regulations.

א א א

אא א אאא אא

א א א א

Kאא

الجمعيةالنصاب الالزم النعقاد

The necessary Quorum to hold the General Assembly

The General Assembly Meeting shall be valid only if attended by Shareholders representing at least half (50%) of the Share Capital, as per the Company’s Articles of Association, Article (32). In case of non-quorum, a second meeting shall be held one hour after the expiry of the period specified for the first meeting. The second meeting shall be valid if attended by shareholders representing at least 25% of the Share capital. 

F ٣٢ E ، א א א א א א א

אF٥٠ ،א א E٪א

אאאא،אאא

א٢٥אא٪א.

جدول أعمال الجمعية

Agenda of the Assembly

STC Board of Directors recommends the following to the General Assembly of the Company:

1. Vote on the Board of Directors' report for the

fiscal year ending on 31/12/2018. 2. Vote on the auditor’s report for the fiscal year

ending on 31/12/2018.

אאאאאW

١K אאאאא٣١אL١٢L٢٠١٨K 

٢K אאא

جدول أعمال الجمعية

Agenda of the Assembly

3. Vote on the Company's consolidated financial statements for the fiscal year ending on 31/12/2018.

4. Vote on the selection of the auditor from among candidates as per the nomination of the Audit Committee, to provide, Zakat and Tax services and to review and audit the company’s financial statements for the second, third, and fourth quarters and year-end of fiscal year 2019 and for the first, second, third, and fourth quarters and year-end of fiscal year 2020 and for the first quarter of fiscal year 2021, as well as to determine the Auditor fees.

5. Vote on the approval on the Company’s dividends distribution policy for the next three years beginning from the fourth quarter of 2018.

6. Vote on the Board of Director’s recommendation of the additional one-time dividends distribution for the year 2018 with an amount of 4,000 million Saudi Riyals, representing 2 Saudi Riyals per share. The eligibility of dividends shall be for all shareholders registered in the register of the Securities Depository Center (Edaa) at the end of the second trading day following the day of the General Assembly Meeting (AGM). The date of the dividend distribution will be announced later.

אא٣١L١٢L٢٠١٨K 

٣K אאאאאאא٣١L١٢L٢٠١٨K 

٤K אאא،אאא

אאאאאאא

אאאאאא٢٠١٩،אאאאאא

א٢٠٢٠אאא٢٠٢١K 

٥K אאאאאאאא

אא٢٠١٨אK ٦K אאא

א٢٠١٨א٠٠٠}٤א٢

،אאאאאאאאא

אא،אאK 

جدول أعمال الجمعية

Agenda of the Assembly

7. Vote on the amendment of Article (16), Paragraph (b) of the Company’s Articles of Association, related to Bonds and Sukuk, so it would be: “The Company may; through a resolution from the Board of Directors; and in accordance with the Capital Market Law and other related rules and regulations, issue any type of tradable debt instruments, such as Bonds and Sukuk, whether in Saudi Riyals or in any other currency, and either inside or outside the Kingdom of Saudi Arabia, and whether such instruments have been issued at the same time or through a series of issues, or through one or more programs established by the Board of Directors from time to time. All of which shall be executed on the times and at the amounts and in accordance with the conditions specified by BOD, which is entitled to take all necessary actions and procedures in this regard.

8. Vote on the amendment of Article (29), Paragraph (2) of the Company’s Articles of Association, related to the invitation for convening the General Assembly, the period to be for at least 21 days.

9. Vote on approving the amendment of Article (40) of the Company's Articles of Association, related to the submission of sufficient copies of the adequacy of the Company's Internal Control System report to

٧K Fא١٦אEFא،Eאא،אא

אW? Jאאא Jאא

א،אאאאאאאאאאאא

אאא،אאא،אא،אאאאאאא

אא،אא

אאא،אאאא?K 

٨K Fא٢٩אא،EF٢א،אאE

אא،٢١אאK 

٩K אFא٤٠א،Eאא،א

אאא،אא،א

جدول أعمال الجمعية

Agenda of the Assembly

the shareholders, to be at the Company's Head Quarter, at the disposal of the shareholders, at least 21 days before the date of the General Assembly meeting date.

10. Vote on the amendment of Article (44), Paragraph (2) of the Company’s Articles of Association, related to the filing of copies of the Company's financial statements and a report on its activities and its financial position for the previous year, to be at the Company's Head Quarter, at the disposal of the shareholders, at least 21 days before the date of the General Assembly meeting date.

11. Vote on the amendment of the Nomination and Remuneration policy of the Board of Directors, and the remuneration of Board committees and executive management.

12. Vote on the amendment of the Nomination and Remuneration Committee charter.

13. Vote on the amendment of the Audit Committee’s charter, its functions and work rules, and the remuneration of its members amounted of 150,000 Saudi Riyals annually per member, as well as the attendance allowance of 5,000 Saudi Riyals.

14. Vote on the remuneration and compensation paid to the members of the Board of Directors for their membership as included in the report of the Board of Directors for the period starting on 1 January 2018 and ending on 31

א،٢١אאאאאK 

١٠K אFא٤٤א،EF٢אא،אא،E

אאא،אאא،א،אא

א٢١אא Kאא

١١K א،אא،אא

אאא. 

١٢K אאאK 

١٣K א،אא،א

א٠٠٠}١٥٠،،٠٠٠}٥K 

١٤K אאאאאאא

אא١٢٠١٨٣١٢٠١٨. 

جدول أعمال الجمعية

Agenda of the Assembly

December 2018. 15. Vote on establishing an international

securities (Sukuk) program by the Company and issuing Sukuk under the program, either directly or through creating an offshore special purpose vehicle to issue primary or secondary securities (Sukuk) in one or more tranches or through one issue or a series of issues for an amount not exceeding (USD 5,000,000,000) five billion US dollars. The total value of the issue or parts of it as per the Sukuk program, referred above, to be issued at any time, and at the amounts, timings, periods, conditions and other details in accordance with the approval of the Board of Directors from time to time. The Board of Directors may undertake all necessary actions and procedures to establish the Program and issue Sukuk. Also Vote on granting the Board of Directors the right to delegate any or parts of their above authorities to any person or persons or give them the right to delegate others.

١٥K אא אאאא،אאא אאא

א، ،א ٠٠٠}٥ ،

אאאאא ،א אאאא אא، אא אא א א א א אאאא،אא

Kא 

نموذج التوكيلPower of Attorney Form

التصويت االلكتروني

All shareholders registered in Tadawulaty service will be able to vote electronically on the

אא א א א א

Electronic Voting

General Assembly’s agenda. Electronic voting starts Sunday at 10:00 AM on 21/4/2019G, corresponding to 16/08/1440H and will last until 04:00 PM on the day of the General Assembly Meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all Shareholders via:

http://tadawulaty.com.sa

אאאאא١٦L٨L١٤٤٠אא٢١L٤L٢٠١٩،אאא

א،אאא א א

Wאאאאא  

http://tadawulaty.com.sa

معلومات اضافية

Additional Information

The right to attend the General Assembly

Meeting ends before the beginning of the

meeting, and the right to vote on the assembly’s

agenda ends once the sorting of the votes, by the

sorting committee, is concluded.

Every shareholder has the right to delegate

another person who is not a member of the Board

of Directors or a Company’s employees to

represent him/her at the General Assembly

Meeting by means of an official proxy (as per the

enclosed form) and vote on the subjects on the

agenda, noting that the proxy shall be

authenticated by the Chamber of Commerce and

Industry whenever the shareholder is a member

to any of them, and the Shareholder is a firm or a

legal entity , or one of the licensed banks, or the

א א

א אא ،א

אאא

Kאא

א

א ،אא

א F

Eא א א א אא

א א א ،א

אאא

א ،א א

معلومات اضافية

Additional Information

authorized individuals in the Kingdom of Saudi

Arabia, providing that the firm or the entity shall

hold an account with the bank, or the authorized

individual to perform the validation. The notaries

or the individuals authorized to perform the acts

of authentication. The Shareholder or his/her

representative shall provide the Company with a

copy of the proxy at least two days prior the date

of the meeting. Shareholders and representatives

are kindly requested to bring their ID and the

original proxy and come in advance to register

for attendance. Registering shall end once the

meeting is commenced.

For more inquiries please contact the

Shareholders Section in the General Department

of Investor Relations, building No.2, P.O. Box

87912 Riyadh 11652.

Tel 0114521845 - 0114521845

FAX 0114529655

אאאא

אאא

א א ، א

،א א

אאאאא

אאא ،

F א א אא

Eאא אא

אאKאא

אא א אא

א ،א - ٢،

٨٧٩١٢ ١١٦٥٢א

W٠١١٤٥٢٥٠٥٠‐٠١١٤٥٢١٨٤٥ ،

W٠١١٤٥٢٩٦٥٥ 

(جميع الحقوق محفوظة c )تداول(للسوق المالية السعودية )

ل ذج ال نل: رر ال تارخ ت

: اف ال

.................................................... / اه أنا الة/.......... ..............................................ال

ة رق (...................................) أو ة ش ر جب ه فر لغ از ال رق اإلقامة أو جع ع /مدیر/ ق ال ض ة) أو ( مف ي ( ال ف دی صادر م ( ........................)، ع الة (............................................................) ومال (ة) ألسه لس إدارة شر س م رئ

ة (..........عدد (.....................) سه .................................) ..ا م أسه شرار في (..... ل ال لة في ال ة) ال د ة سع اه .......) برق ....................(م

ادة ...............(...... ص ال ادا ل ل )٣٣(........)، واس ي بهذا أو ة فإن ر ام األساس لل م الة (..................................) ..........................)..............(........ ب رق اله ل

ة العامة ع اع ال ر اج ي في ح ة ع ل ة الراض، ال االت في مدی ة االت عقد في مقر شر الذ ساعة ام ال ة في ت د ع ة ال عةالعر ا م ال اء م ی ارخ ءاالرعام اف هـ١٩/٨/١٤٤٠ب (ال

رها ـــــم) . وق٢٤/٤/٢٠١٩ ال وغ درجة على جدول األع ع ال اض ي على ال ة ع ا ت ن ال ه ل د وة العامة لل ع رحها ال ي قد ت ع ال اض ها، والــــم ال ي على ـــــت عل ة ع ا ع ن افة القرارات ـــق

اع اع أو أ اج ل لهذا االج فع ل سار ال ر هذا ال ع اعات، و علقة بهذه االج دات ال واله. الح یؤجل إل

ل : رر ال تارخ ت ل: قع ال اس م

ل (أو رق اإلقامة أو قع ال دني ل ل ال رق ال:( دی ع ر ال فر لغ از ال ج

قع ا ل: صفة م ل

ا): ا مع ان مال األسه ش ي إذا اإلضافة لل الرس ل ( ع ال ق ت

تقرير جلنة املراجعة

م2018إىل اجلمعية العامة

The 2018 Audit Committee Report to the

General Assembly

تقرير جلنة املراجعة

2 | 5

.أوال: مقدمة

وليات الرئيسة ؤهو أحد املسإن وجود نظام رقابة داخلية فاعل

. وتتمثل أهداف جلنة "اجمللس" املنوطة مبجلس اإلدارة

يف مساعدة جملس اإلدارة يف الوفاء "اللجنة" املراجعة

وليات املنوطة به فيما يتعلق بوجود وكفاية نظام ؤباملس

الرقابة الداخلية وتنفيذه بفاعلية، وتقديم أي توصيات جمللس

النظام وتطويره مبا حيقق أغراض يزتعزاإلدارة من شأنها

الشركة وحيمي مصاحل املساهمني بكفاءة عالية وتكلفة

كما هو وارد يف الئحة عمل جلنة املراجعة املعتمدة معقولة

م. وبناء عليه، فقد 26/4/2017من مجعيتكم املوقرة بتاريخ

للجنة يتبني وملقامت اللجنة مبسؤولياتها يف هذا الصدد،

الرقابة امات جوهرية على مدى كفاية نظمالحظ وجود

. وقد قامت اللجنة بإعداد هذا التقرير للعرض على الداخلية

اجلمعية العامة متضمنا أهم ما قامت به من أنشطة وأعمال

م.2018خالل عام

First, Introduction.

The existence of an effective internal control system

is one of the main responsibilities of the Board of

Directors ("Board"). The objectives of the Audit

Committee ("Committee") are represented in

assisting the Board in fulfilling its responsibilities

with respect to the existence of an effective,

adequate, and efficient internal control system, in

addition to providing recommendations to the Board

that would contribute to enabling and developing the

internal control system in order to achieve STC

(“Company”) objectives. In addition to protect the

interests of the shareholders and investors effectively

and at a reasonable cost as regulated in the

Committee’s regulation which approved from your

esteemed General Assembly on 26/4/2017.

Accordingly, the Committee has fulfilled its

responsibilities in this regard, and the Committee

has not found any substantive observations on the

adequacy of the internal control system. The

Committee prepared this report for submission to the

General Assembly, including its most important

activities and work during the year 2018.

.م2018اللجنة وأبرز أعماهلا خالل العام ثانيا: أنشطة

التزاما بالئحة عمل جلنة املراجعة املعتمدة والئحة احلوكمة

الصادرة عن هيئة السوق املالية، فقد مشلت أعمال وأنشطة

م بصفة خاصة ما يلي:2018اللجنة خالل العام

Second: Committee's activities and highlight its

work during the year 2018.

Complying with the Capital Market Authority’s

Corporate Governance and Audit Committee

regulation, The activities of the Committee during

2018 included the following in particular:

دراسةةةةة التقةةةةارير الصةةةةادرة مةةةةن ومراقبةةةةة أعمةةةةال الشةةةةركة .1

التأكيديةةةةةةة والرقابيةةةةةةة امل تلفةةةةةةة يف مقةةةةةةدمي ا ةةةةةةدمات

الشركة بهدف احلصول على التأكيدات الكافية عن مةدى

الداخليةفاعلية وكفاءة أنظمة الرقابة

1.Monitoring the Company’s activities and studying

the reports issued by the various assurance and

control providers in the Company in order to

obtain sufficient assurance about the effectiveness

and efficiency of internal control systems.

تقرير جلنة املراجعة

3 | 5

دراسةة واعتمةاد املاليةة و مة ونزاهةة التقةارير الالتحقق مةن سة .2

م واملصةةادقة علةةى 2018عةةام الالقةةوائم املاليةةة الربعيةةة خةةالل

.م2017القوائم املالية السنوية لعام

2.Verifying the integrity of the financial reports,

studying and approving the Company's interim

financial statements for 2018 and endorsing the

annual financial statement of 2017, which

approved by the Board.

متابعةةةةة اسةةةةتكمال تطبيةةةةةق مشةةةةرو التحةةةةةول مةةةةن معةةةةةاي .3

اسةةةةبة السةةةةعودية إىل املعةةةةاي الدوليةةةةة للتقةةةةارير املاليةةةةة احمل

والتأكةةةةةةد مةةةةةةن جاهزيةةةةةةة الشةةةةةةركة للتطبيةةةةةةق ومواجهةةةةةةة

.التحديات اليت تنشأ عن التحول

3.Continue the implementation of the transition from

the Saudi accounting standards “SOCPA” to the

international financial reporting standards “IFRS”,

updating relevant financial policies and ensuring

the Company’s readiness in applying and

encountering any challenges arising from the

transition.

حتةةةةةديي السياسةةةةةات املاليةةةةةة واحملاسةةةةةبية وسياسةةةةةة دراسةةةةةة .4

يف بشةةةأنها الةةةرأي املشةةايات ومصةةةفوفة الصةةةالحيات وإبةةداء

.اجمللس من اعتمادها قبل الرقابي دور اللجنة ظل

4. Studying the updates of the financial and

accounting policies, procurement policy and the

authority matrix, and providing its opinion thereon

in light of the Committee's auditing duties before

such regulations are submitted to the Board for

approval.

أتعابةه للعةام ا ارجي وحتديد املراجع بتعيني رفع التوصية .5

مةةةةةن م، ومناقشةةةةةة خطةةةةةة املراجعةةةةةة والتحقةةةةةق 2018املةةةةةالي

وموضةةةةوعية املراجةةةةع ا ةةةةارجي والتأكةةةةد مةةةةن اسةةةةتقاللية

دارة إلخطةةاا اأعمةةال املراجعةةة ا ارجيةةة، ومناقشةةة فاعليةةة

م وخطةةةةد اإلدارة 2017املقةةةدم مةةةةن املراجةةةةع ا ةةةارجي لعةةةةام

التنفيذية ملعاجلة املالحظات الواردة يف ا طاا

5.Provide recommendations to the Board to

nominate the external auditor and determine their

remunerations for the financial year of 2018.

Reviewing external auditor’s audit plan, verifying

external auditor independence, objectivity,

fairness, and effectiveness of the audit activities. In

addition to, discussing the Management Letter

Point “MLP” submitted by the external auditor for

the financial year 2017, and related executive

management corrective action plans.

هةةم املالحظةةات أ الداخليةةة ومناقشةةة ملراجعةةة ا دراسةةة تقةةارير .6

الةةةةةواردة وا طةةةةةد التصةةةةةحيحية الالزمةةةةةة ملعاجلةةةةةة تلةةةةة

مراجعة واعتماد ميثاق عمل املراجعة الداخلية ، واملالحظات

اسةةةتقاللية املراجعةةةة الداخليةةةة مبةةةا يعةةةزز والتأكيةةةد علةةةى

املوضوعية املرجوة من أعمال املراجعة الداخلية

6. Studying internal audit reports, discussing key

observations and corrective action plans needed to

address those observations, reviewing and

approving the internal audit charter, and emphasize

internal audit independence to enhance objectivity

of the internal audit operations.

تقرير جلنة املراجعة

4 | 5

قرار اللجنة بتوجيةه اإلدارة التنفيذيةة بإعةداد دليةل االلتةزام .7

مرتكةةةةةزا علةةةةةى القةةةةةوانني واخنظمةةةةةة ومعةةةةةاي اخخالقيةةةةةات

والسةةةةلوكيات املهنيةةةةةة، ووفةةةةق السياسةةةةةات واإلجةةةةةراءات ات

على تطوير اسااتيجية واضحة العالقة، ومتابعة واإلشراف

إلدارة االلتةةةزام بالشةةةركة مبةةةا يتوافةةةق مةةةع طبيعةةةة وحجةةةم

.أنشطة الشركة

7.The committee's decision to direct the executive

management to prepare a compliance manual

based on the laws and regulations, standards of

ethics and professional behavior, and in

accordance with the relevant policies and

procedures. Monitoring and supervising the

development of a clear strategy for compliance

that is consistent with the nature and volume of the

Company's activities.

اجلهةةات تقةةارير االلتةةزام، ومراجعةةة نتةةائ تقةةارير دراسةةة .8

الرقابيةةةة ا ارجيةةةة، ومراجعةةةة العقةةةود والتعةةةامالت الةةةيت

ات العالقةةة، مبةةا يؤكةةد مةةدى التةةزام إجراؤهةةا مةةع اخطةةراف

الشركة باملتطلبات النظامية.

8. Studying compliance reports, reviewing external

supervisory authorities’ reports, and reviewing the

contracts and transactions conducted with the

related parties confirming the company's

compliance with the relevant laws, regulations,

policies, and instructions.

توجيةةةةةه اإلدارة التنفيذيةةةةةة بتقةةةةةديم جةةةةةدول زمةةةةة ةةةةةدد .9

لربنام امل اطر، ووضع دليل مفصل يتضمن سياسة وإطةار

العمةةةل وإجةةةراءات إدارة امل ةةةاطر. ومتابعةةةة واإلشةةةراف علةةةى

اسةةةااتيجية إدارة امل ةةةاطر مبةةةا يتوافةةةق مةةةع طبيعةةةة تطةةةوير

وحجم أنشطة الشركة.

9. Direct the executive management to provide a

specific timetable for the risk program and

develop a detailed manual that includes policy,

framework and risk management procedures.

Monitoring and supervising the development of a

clear strategy for risk management that is

consistent with the nature and volume of the

Company's activities.

إدارة امل ةةةاطر، واملراجعةةةة املسةةةتمرة ملسةةةتوى تقةةةارير دراسةةةة .10

قبةةول امل ةةاطر والتحقةةق مةةن عةةدم لاوزهةةا، والتحقةةق مةةن

10. Studying risk management reports, continuous

review of the risk appetite level and ensure that

the Company does not go beyond such level.

Regularly reassessing the company's ability to

تقرير جلنة املراجعة

5 | 5

االختبارات الدورية امل صصةة بتقيةيم قةدرة الشةركة إجراء

علةةةى حتمةةةل امل ةةةاطر، وتقةةةديم التوصةةةيات للمجلةةةس حةةةول

.املسائل املتعلقة بإدارة امل اطر

take risks and be exposed to such risks, and

provide recommendations to the Board on matters

related to risk management.

رئيس جلنة املراجعة

Chairman of Audit Committee

الرمحن القاضي د. إبراهيم بن عبد

Ibrahim A. Kadi