Alwasail Industrial Co. — Proxy Solicitation & Information Statement 2022

Apr 24, 2022

Alwasail Industrial Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

4148 · 24/04/2022 08:30:16 · Announcement #67881 · View on Saudi Exchange

Alwasail Industrial Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

Element List	Explanation
Introduction	The Board of Directors of Alwasail Industrial Co. is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, at 6:30 pm on Tuesday 16/10/1443 AH corresponding to 17/05/2022 via modern technology means provided by Tadawulaty.
City and Location of the General Assembly's Meeting	AlQassim- Burayadh- The head office of the company -

By means of modern technology URL for the Meeting Location القصيم، بريدة - المقر الرئيس للشركة - عن طريق وسائل التقنية الحديثة (عن بعد) Date of the General Assembly's Meeting 2022-05-17 Corresponding to 1443-10-16 Time of the 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 quorum for holding the Extraordinary General Assembly shall be considered valid if attended by shareholders who represent at least 50% of company’s capital. If the required quorum has not been met, a second meeting will be held one hour from the time the first meeting was supposed to convene. The second meeting shall be valid if attended by shareholders representing at least 25% of company’s capital. General Assembly Meeting Agenda 1. Voting on the external auditor’s report for the financial year ending 31/12/2021

2. Voting on the financial statements for the fiscal year ending 31/12/2021

3. voting on the report of the Board of Directors for the financial year ending 31/12/2021

4. Voting on the board of directors’ recommendation to distribute cash dividends in the amount of SR (12,500,000) to shareholders for the fiscal year ending 31/12/2021, SR(0.50) per share, which represents 5% of the total capital, provided that the eligibility is for the shareholders who own the shares at the end of trading day of the general assembly meeting for those registered in the company’s shareholders registing with the Securities Depository Center (Edaa) at the end of the second trading day following the due date, provided that the dividend distribution date will be announced later.

5.Vote to absolve the chairman and members of the board of directors from liability in connection with their management of the company’s business for the year ending 31/12/2021

6. Vote to disburse an amount of (420,000) riyals as a bonus to the members of the Board of Directors for the fiscal year ending 31/12/2021

7.Voting on the business and contracts that took place between the company and (Ldaien Company Ltd.), in which a member of the Board of Directors (Mr.Abdul Qader bin Abdullah Al-Mushaiq) has an indirect interest, which is (crunching damaged materials for the benefit of the company) at an amount of SR(61,875,60) . For one year, renewable annually (without preferential terms). (Attachment)

8.Voting on the works and contracts that were made between the company and (Alwasail Construction Company Ltd.), in which a member of the Board of Directors (Mr. Saleh bin Abdullah Al-Mushaiq) has an indirect interest, which is (supply of products and plastic materials for the company) in the amount SR(10,000,00) for one year, renewable annually (without preferential terms). (Attachment)

9.To vote on amending Article (2nd ) of the company's articles of association, related to (company name). (Attachment)

10.To vote on amending Article (25th ) of the company's articles of association, related to (the remuneration of members of the board of directors). (Attachment)

11. Voting on amending Article (41st ) of the company's articles of association, related to (distribution of profits). (Attachment)

12. Vote on delegating the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions contained in the issued regulatory controls and procedures. In implementation of the Companies Law for Listed Joint Stock Companies. Proxy Form E-Vote The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 10:00 AM on Friday 12-10-1443 corresponding to

13-05-2022 until the closure of the meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by using the following link:

www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication MOBILE:

0537633346

Email:

JALAL@ALWASAIL.com Attached Documents           

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