Dar Al-Arkan AGM Invitation (4339E)

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RNS Number : 4339E

Dar Al-Arkan International Sukuk II

30 May 2012

Dar Al-Arkan invites its shareholders to attend the ninth Ordinary General Assembly Meeting.

Dar Al-Arkan Real Estate Development Company announces that the Company's Board of Directors has the pleasure to invite its shareholders to the ninth Ordinary General Assembly meeting, which is scheduled to convene in Makarim conference hall of the Marriott hotel in Riyadh city in the afternoon of Monday, 06/08/1433 HD corresponding to 26/06/2012, at 16:00 hrs to discuss and decide on the following agenda items:

   1.     To approve the Board of Directors' report for the fiscal year ended 31/12/2011. 

2. To approve the financial statements and auditor's report for the fiscal year ended 31/12/2011.

3. To approve discharge of the members of the Board of Directors for the fiscal year ended 31/12/2011.

4. To select and appoint the external auditors to audit the Company's accounts and the interim financial statements for the year 2012 from among the candidates recommended by the audit committee and to determine their fees.

5. To approve the related party transactions that took place during the fiscal year ended 31/12/2011, and to license it for the coming year. The transactions are made with "the Saudi home loans Company".

Each shareholder owning twenty shares or more shall have the right to attend the 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, bank or a governmental office, other than a member of the Board of Directors or employee of the Company, to attend the meeting on their behalf. The Annual General Assembly Meeting will be a quorum with at least 50% of the capital of the Company. The shareholder should inform the company of their proxy one week prior the meeting at (P.O.Box # 105633 Riyadh 11656) or via fax [phone]. Shareholders are requested to attend in ample time in order to complete registration formalities.

In case of any enquiry please contact Banking and Investor Relations department during office hours via telephone [phone].

To download the Board of Directors report, please click on the following link.

http://www.alarkan.com/uploads/aDarAl-Arkan2011BoardofDirectorsReport-English.pdf

This information is provided by RNS

The company news service from the London Stock Exchange

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