Arabian Pipes Co. — Proxy Solicitation & Information Statement 2022

Apr 21, 2022

Arabian Pipes Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Increase ( First Meeting ) The meeting will be held by means of modern technology

2200 · 21/04/2022 08:23:17 · Announcement #67846 · View on Saudi Exchange

Arabian Pipes Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Increase ( First Meeting ) The meeting will be held by means of modern technology

Element List	Explanation
Introduction	The Board of Directors of Arabian Pipes Company is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (the first meeting) which includes capital increase. The meeting will be held by means of modern technology using Tadawulaty System Website: www.tadawulaty.com.sa
City and Location of the Extraordinary General Assembly's Meeting	Riyadh the company’s office in the Sulaymaniyah
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting	2022-05-12 Corresponding to 1443-10-11
Time of the Extraordinary General Assembly's Meeting	19:30
Attendance Eligibility	ShareHolders Registered at the Depositary Center Registry at the End of the Trading Session Proceeding the General Assembly Meeting and as per the Laws and Regulations
Quorum for Convening the General Assembly's Meeting	The Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the capital, If the necessary quorum is not available to hold the first meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting will be valid if attended by shareholders representing a quarter of the capital.
Meeting Agenda	To vote on the Board’s recommendation to increase the Company’s capital by offering the right issue shares as follows

a. Capital increase percentage: 300%

b. The total amount of the increase is (300,000,000) Saudi riyals

C. The reason for the capital increase: Supporting working capital, enhancing the company’s financial solvency, reducing the borrowing rate, developing and modernizing the company’s factories in Riyadh and Jubail, and expanding a number of support products for pipe services within the company’s business.

F. Method of capital increase: Offering and listing rights issues of 30,000,000 ordinary shares

G. If the item is approved, the eligibility will be for the shareholders who own shares on the day of the extraordinary general assembly who are registered in the company’s shareholders register at the depository center at the end of the second trading day following the date of the extraordinary general assembly.

H. Amending Article Seven (7) of the company’s bylaws, related to capital (attached).

I. Amending Article Eight (8) of the company’s bylaws, related to subscription for shares (attached). Proxy Form E-Vote The registration in Tadawulaty service and voting is provided free of charge for all shareholders. The remote voting will start on Sunday 07/10/1443 H Corresponding to 08/05/2022 G at (10:00) AM, and will end once the General Assembly Meeting ended. Eligibility for Attendance Registration and Voting Eligibility for Attendance Registration and Voting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication In the event of any inquiries, we hope to contact the Shareholder Relations Department during official working hours:

Tel: 2650123 11 966+

Email: info@arabian-pipes.com Additional Information Only remote voting will be available. Attached Documents     

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