Zain SA Invites Its Contributors To Attend Its First Ordinary And Extraordinary General Assembly

The Board of Directors of Saudi Mobile Telecommunications Company "Zain" is very pleased to invite company's honorable contributors - who own (20) shares or more – to attend the first ordinary and extraordinary General Assembly which is to be held – by the will of Allah – at 4 PM, Sunday, on the 9th -4 – 1430 / 5th – 4 – 2009. This meeting is to be held in Al Mamlaka Hall of Four Seasons Hotel, Riyadh, to discuss the following items of the agenda of the first ordinary general assembly:

To be informed and approve the report of the board of directors about the previous fiscal year ended on the 31st of Dec., 2008.
To approve the report of the auditors about the previous fiscal year ended on the 31st of Dec., 2008.
To approve the company's financial statements as it is on the 31st of Dec., 2008.
To discharge the members of the board of directors from the responsibilities of their work during the previous fiscal year 2008. To approve hiring of some auditors from the candidates of the Financial Statements Audit Committee for the fiscal year 2009, and to define their salaries.
To validate the regulation issued by the board of directors that defines the authorities and Modus Operandi of the Audit Committee.
To validate the regulation issued by the board of directors that defines the authorities and Modus Operandi of the Nominations and Remuneration Committee.
 
The agenda of the first extraordinary General Assembly includes the following items:
(1) To amend article no. (19) of the main system.
The board of directors calls the honorable contributors to attend personally to discuss the abovementioned topics, or to entrust others to attend on the condition that the client should be a contributor – not from the members of the board of directors or from the company employees, or anyone who is mandated permanently to perform any technical or managerial work for the company, and to inform the company of the Power of attorney certified from the Chamber of Commerce or any bank, three days at least before holding the general assembly.
They should put into account to arrive one hour early before the meeting to finish registration procedures, having their ID cards with them. The Quorum of every Assembly to be held alone is the attendance of 51% of the capital

30/03/2009