Almarai Co. — Share Issue/Capital Change 2012

Jan 28, 2012

Almarai invites its shareholders to the Extraordinary General Assembly Meeting to increase the share capital

2280 · 28/01/2012 10:02:54 · Announcement #23965 · View on Saudi Exchange

Almarai invites its shareholders to the Extraordinary General Assembly Meeting to increase the share capital

The Board of Directors of Almarai Company, a Saudi Joint Stock Company, is pleased to invite its shareholders to the Extraordinary General Assembly Meeting to be held in Riyadh at the Holiday Inn Al Izdehar Hotel - Al Lula'ah Hall on 02 April 2012 at 7:00 p.m. to consider the following agenda:

1-To approve an increase in the share capital from SAR 2,300 million to SAR 4,000 million, an increase of 73.9%, this will increase the number of shares from 230 million shares to 400 million shares through the distribution of one bonus share for each 1.3529 outstanding share for existing shareholders at the end of trading day of the Extraordinary General Assembly meeting and will be funded from Share Premium and Retained Earnings.

2-To amend Article (6) of the Companys Bylaw to be identify share capital amounted SR 4,000 million divided to 400 million shares with a par value of SR 10 per share.

3-Approve the Board Report for the fiscal year ending 31/12/2011.

4-Approve the Auditors report for fiscal year ending 31/12/2011.

5-Approve the consolidated Financial Statements for the fiscal year ending 31/12/2011.

6-Approve the recommendation of the Board of Director to pay a dividend for fiscal year ending 31/12/2011 of SR 2.25 per share totaling SR 517.5 million, for shareholders registered at the date of the General Assembly Meeting.

7- Approve the recommendation of the Board of Directors to appoint the Auditors and to determine their fees for the Fiscal Year 2012 based on the recommendation of the Audit and Risk Committee to the Board of Directors.

Each shareholder owning twenty shares or more shall have the right to attend the Extraordinary General Assembly Meeting, whether in person or by proxy, subject to presentation of corroborating evidence or a written power of attorney endorsed by the Chamber of Commerce authorizing another shareholder, other than a member of the Board of Directors or employee of the Company, to attend on their behalf. The Extraordinary General Assembly Meeting will be quorum with 51% of the capital of the Company. Shareholders are requested to arrive 30 minutes prior to the commencement of the meeting in order to complete the necessary registration procedures.

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.