Alandalus Property Co. — Share Issue/Capital Change 2021

Jul 26, 2021

Al-Andalus Property Company calls its shareholders to attend the 5th Extraordinary General Assembly which include the increase of the company's capital (First Meeting) Via modern technology

4320 · 26/07/2021 15:58:29 · Announcement #64253 · View on Saudi Exchange

Al-Andalus Property Company calls its shareholders to attend the 5th Extraordinary General Assembly which include the increase of the company's capital (First Meeting) Via modern technology

Element List	Explanation
Introduction	The Board of Directors Al-Andalus property Company is pleased to invite the shareholders to attend the 5th Extraordinary general assembly (first meeting) It is scheduled at 18:30 on Wednesday 17 Muharam 1443 AH corresponding to August25 , 2021 AD, which will be held on-line via modern technology using Tadawolaty system,

This is in the interest of the safety of the shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread City and Location of the Extraordinary General Assembly's Meeting Company Head Office at Riyadh, via modern technology using Tadawulty platform URL for the Meeting Location www.tadawulaty.com.sa Date of the Extraordinary General Assembly's Meeting 2021-08-25 Corresponding to 1443-01-17 Time of the Extraordinary General Assembly's Meeting 18:30 Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations Quorum for Convening the General Assembly's Meeting The Extraordinary General Meeting shall be valid attended by shareholders who present at least half of the capital. If this quorum is not met, the second meeting will be held one hour after the deadline set for the first meeting. However, the second meeting shall be valid if the number of shares represented thereat equals at least one quarter of the capital. Meeting Agenda Item 1: - Voting on the Board of Directors recommendation in respect of the increase of the Company’s capital through bonus shares to the Company’s shareholders as follows:

A- Total amount of increase: SAR 233,333,330.

B- Capital before increase: SAR 700,000,000, which will become SAR 933,333,330, after the increase, i.e. an increase of 33.33%

C- Number of shares before capital increase: 70,000,000 shares. Number of shares after increase 93,333,333 shares.

D- This recommendation aims to increase the capital in order to support and strengthen the capital base and the Company's future activities.

e- Increase rate: One share for every three shares.

f- The increase will be through capitalizing an amount of SAR 233,333,330 from the statutory reserve and retained earnings.

G- Eligibility Date: If the item is approved, the shareholders registered in the Company’s shareholders register held at the Securities Depository Center Company (Depository Center) on the date of the extraordinary general assembly will be entitled to receive their bonus shares at the end of the second trading day following the date of the extraordinary general assembly.

H- Fraction shares will be aggregated into one portfolio for all shareholders and sold at market price, proceeds of which will be distributed to the shareholders who are entitled to the bonus shares on pro rata basis, within 30 days following the date of determining the bonus shares entitled to each share.

I- Amendment of Article No. (7) of the Company's Articles of Association relating to capital. (attached)

j- Amendment of Article No. (8) of the Company's Articles of Association related to shares subscription. (attached)

Item 2 : Voting on amending the dividend policy (attached).

Item 3: Voting on amending Article No. (46) of the Company's bylaws related to the distribution of profits. (Attached) Proxy Form E-Vote The shareholders who are registered in Tadawulaty service may cast their votes on the Meeting Agenda online starting from 10:00 AM Sunday 22/08/2021 (14/01/1443H), to the end of Assembly Meeting Registration in and voting through Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting The right to register to attend an assembly meeting shall expires by the time of the meeting. The attendee’s right to vote on the meeting agenda shall terminate ends the counting committee completes counting the votes. Method of Communication For inquiries or questions regarding the meeting agenda, please contact the Investor Relations Department:

Phone No. 0114700735 ext. 888

Email : IR@alandalus.com.sa

mobile number 0551135356. 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.