Abdullah Al Othaim Markets Co. — AGM Information 2016

Mar 1, 2016

ABDULLAH AL-OTHAIM MARKETS COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE SIX GENERAL ORDINARY ASSEMBLY MEETING(FIRST MEETING)

4001 · 01/03/2016 08:41:42 · Announcement #41475 · View on Saudi Exchange

ABDULLAH AL-OTHAIM MARKETS COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE SIX GENERAL ORDINARY ASSEMBLY MEETING(FIRST MEETING)

The Board Of Directors of Abdullah AL-Othaim Markets Company (Public Listed Company) is pleased to invite its shareholders to attend the Six Ordinary General Assembly Meeting, which will be held on Sunday 18/06/1437H corresponding to 27 March 2016 at 4:00 PM. In the Company Head Quarter in AL-Othaim Training Academy located in Eastern Ring Road between exits 14 and 15, Riyadh City to discuss the following agenda:1)Voting on the Board of Directors Annual Report for the fiscal year ended 31/12/2015G.2)Voting on the Company Auditor financial Report for the fiscalyear ended 31/12/2015G.3)Voting on the Company consolidated financial statements for the year ended 31/12/2015G.4)Voting on appointing the Company's auditor among the nominees proposed by the audit Committee to audit & review the Company's financial statements, quarters and annual statements for the current year 2016G, and determine their fees.5) Voting on contracts and deals implemented with related parties for 2015G as follows:A) Leasing and rental contracts with different contract terms which took place during the year 2015G between the Company and Al Othaim Holding Company with a total amount of SR (745,050) and between the Company and Abdullah Al Othaim Real Estate Investment and Development Company and its subsidiaries with a total amount of SR (47,401,145) as related parties to the Chairman of the Board Mr. Abdullah Saleh ALOthaim and the Board Member Mr. Fahad Abdullah Al-Othaim and obtain approval for the next fiscal year, with no preferential terms in these transactions.B)lands Contract for investment between the company and General Organization of Social Insurance with an annual total amount annually of SR (5,562,500) and obtain approval for the fiscal next year as related party to the Board member Mr. Bandr Naser Altamimi (representative of GOSI), with no preferential terms in this transaction.6) Voting on the Acquittal of the Board members for the year ended 31/12/2015G.7) Voting on the distribution of cash dividends to the shareholders for the fiscal year 2015G at the rate of SR (2) per share which represents (20%) of the Company share capital share and with total amount of SR (90) Million , The eligibility of dividends will be for the shareholders registered in the registry of the Securities Depository Center (Tadawul) upon the closing of trading on the above mentioned General Assembly meeting date, and the disbursement date of these dividends will be announced after the approval of the Shareholders General Assembly.8) Voting on the payment of SR (1,498,329) remunerations to the board members for the year 2015G per SR (150) thousand for each Board members, as annual bonus, and SR (3,000) as attendance allowance for each meeting. In addition to bonus of SR (25) thousands for each member as membership of board committees plus attendance allowance of SR (1,500) for each meeting attended, as included in the Board of Directors annual report for the fiscal year ended December 31, 2015G.The Board of Directors invites each Shareholder who owns (20) shares and more to attend in person the meeting to discuss the agenda or delegating another shareholder to attend on behalf of himself provided that the delegate is neither a board member, company employee nor permanently engaged to perform technical or administrative work for the company. And to provide the company with The proxy attested by the Chamber of Commerce or any local bank at least three days before the date of the said meeting to the company address( P.O. Box 41700 Riyadh 11531, Fax 011 4453498-).Noting that attendance should be one hour before the meeting time in order to complete registration procedures and should presents their ID or commercial register for companies.The legal quorum for the Ordinary General Assembly will be the presence of shareholders representing at least (50%) of the company share capital

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