The Board of Directors of OTC 140 AAN Digital Services Holding Company has invited shareholders to attend the Ordinary General Assembly Meeting, scheduled for Thursday, September 4, 2025, at the company's headquarters.
If the legal quorum is not met, a postponed meeting will take place on Thursday, September 11, 2025, at the same time and place.
The agenda includes:
- Discussing and approving the Board of Directors' report on the company’s activities and financial position for the fiscal year ending December 31, 2024.
- Reviewing and approving the external auditor’s report for the same year.
- Reviewing the Sharia Supervisory Board’s report on the company’s compliance with Islamic Sharia principles and approving it.
- Reviewing and discussing the report on financial and non-financial violations and penalties imposed by regulatory authorities during the same fiscal year and engaging with the regulator’s representative if present.
- Approving the financial statements for the year ending December 31, 2024.
The meeting will also address:
- Reviewing related party transactions for 2024 and approving or authorizing related party dealings planned for 2025.
- Approving authorization for the Board of Directors to buy or sell up to 10% of the company's shares, in accordance with Companies Law No. 1 of 2016 and its amendments.
- Reviewing the Board’s recommendation to withhold dividend distribution for the fiscal year ending December 31, 2024.
- Reviewing the Board’s recommendation not to grant bonuses to board members for that fiscal year.
- Discussing the clearance of liability for the board members regarding their financial, administrative, and legal actions during the same year.
Other key items on the agenda include:
- Electing a new Board of Directors for a 3-year term (2025–2028).
- Discussing the issuance of licenses to board members, executives, or their relatives, in accordance with Article 199 of the Companies Law.
Finally, the meeting will review:
- Financial irregularities discovered involving previous Boards of Directors and related parties, with authorization for the current Board to take necessary action and pursue legal proceedings against those responsible.
- Appointing or reappointing the external auditor for the fiscal year ending December 31, 2025, and authorizing the Board to determine their fees.
- Appointing or reappointing members of the Sharia Supervisory Board for the same fiscal year, with the Board authorized to set their remuneration.