Shareholders’ rights refer to the set of entitlements granted to shareholders in accordance with applicable laws, regulations, and the company’s bylaws. These rights are intended to ensure fair treatment, transparency, and meaningful participation in the company’s governance and decision-making processes.
At stc group, shareholders are granted robust rights, including the ability to attend and vote at General Assembly meetings and to receive dividends associated with their shareholdings. These rights reflect the company’s commitment to maintaining high standards of corporate governance and protecting shareholder interests
Shareholders’ Rights Documents
The General Shareholders’ Assemblies of the Company are competent in all of its matters. A duly constituted General Assembly, convened in accordance with applicable legal procedures, represents all shareholders in exercising their powers in respect of the Company. The General Assembly exercises its role in accordance with the provisions of the Companies Law, its Implementing Regulations and the Company’s Incorporation Document.
Voting Right
Voting is a fundamental right of every shareholder. The Company provides shareholders with the opportunity to vote without discrimination and informs shareholders, on a regular basis, of the rules governing voting procedures and information related to voting rights. The Company avoids any procedure that may prevent the exercise of voting rights, including imposing a fee for attending General Assembly meetings or voting on their resolutions.
Proxy Right
A shareholder may, in writing, appoint a proxy who is not a Board member or a Company employee, to represent him or at a General Assembly meeting. The proxy shall be treated as a principal for the purposes of discussion and voting.
Dividends
A dividend represents the portion of a company’s net profits distributed to shareholders as a return on their investment. The declaration and distribution of dividends are typically subject to approval by the General Assembly, based on the recommendation of the Board of Directors. Dividends may be distributed in cash or in other forms, in accordance with the company’s internal policies and applicable laws and regulations
