Al Majed Oud Co. — Proxy Solicitation & Information Statement 2025

Jan 5, 2025

Al Majed Oud Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

4165 · 05/01/2025 15:45:27 · Announcement #84562 · View on Saudi Exchange

Al Majed Oud Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of Al Majed for Oud Company is pleased to invite its esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which will be held remotely via modern technology, God willing, at 7:30 PM on Monday, January 27, 2025, corresponding to Jumada al-Awwal 27, 1446 AH (according to Umm al-Qura Calendar).
City and Location of the General Assembly's Meeting	The meeting will be held remotely via modern technology from the company's main headquarters in Riyadh.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-01-27 Corresponding to 1446-07-27
Time of the General Assembly’s Meeting	19:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the company's shareholder records at the Depository Center by the end of the trading session preceding the General Assembly meeting are eligible to attend. The right to register for attendance ends when the meeting begins, and voting rights on the agenda items end when the vote counting committee completes the vote tally.
Quorum for Convening the General Assembly's Meeting	The meeting will be valid if attended by shareholders representing at least half of the capital. If the required quorum is not met for the first meeting, a second meeting will be held one hour after the scheduled time of the first meeting. The second meeting will be valid if attended by shareholders representing at least a quarter of the capital.
General Assembly Meeting Agenda	1. Voting on amending the company's Articles of Association to align with the transformation to a publicly listed joint-stock company (attached).

2. Voting on amending Article (1) of the company’s Articles of Association related to the transformation (attached).

3. Voting on amending Article (2) of the company’s Articles of Association related to the company’s name (attached).

4. Voting on deleting Article (9) of the company’s Articles of Association related to the shareholder register (attached).

5. Voting on adding Article (9) to the company’s Articles of Association regarding the issuance of shares (attached).

6. Voting on amending Article (10) of the company’s Articles of Association related to stock trading (attached).

7. Voting on amending Article (18) of the company’s Articles of Association related to the expiration of the board members’ term, their retirement, or membership vacancy (attached).

8. Voting on amending Article (35) of the company’s Articles of Association related to calling general assemblies (attached).

9. Voting on deleting Article (42) of the company’s Articles of Association related to passing resolutions by circulation (attached).

10. Voting on amending Article (47) of the company’s Articles of Association related to distributing interim profits (attached). Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the agenda items and ask questions to the Board members. Voting via the Tadawulaty service is available free of charge for all shareholders through the following link:

http://tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda Shareholders registered with Tadawulaty services will be able to vote electronically on the agenda items starting from 1:00 AM on Thursday, January 23, 2025, corresponding to Jumada al-Awwal 23, 1446 AH (according to Umm al-Qura Calendar), until the end of the meeting. Method of Communication in Case of Any Enquiries For any inquiries regarding the agenda items, please contact the Shareholder Relations Department:

Al Majed for Oud Company – Shareholder Relations

Phone: 920000480, Extension: 115

Email: IR@almajed4oud.com Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.