Arriyadh Development Co. — AGM Information 2021

Aug 25, 2021

Arriyadh Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

4150 · 25/08/2021 15:26:13 · Announcement #64720 · View on Saudi Exchange

Arriyadh Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Element List	Explanation
Introduction	The Board of Directors of the Riyadh Development Company is pleased to invite the honorable shareholders to attend the company's Ordinary General Assembly meeting to be held, God willing, at exactly six thirty in the evening on 08/02/1443 AH corresponding to 09/15/2021 AD, by means of modern technology using the My Trading Service website www.tadawulaty.com .sa, as part of supporting the preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and as 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 General Assembly's Meeting	By using modern technology from the company's headquarters in Riyadh.
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the General Assembly's Meeting	2021-09-15 Corresponding to 1443-02-08
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	According to Article 30 of the Company's Articles of Association, the Ordinary General Assembly meeting is valid if attended by shareholders representing at least a quarter of the capital, and if the mandatory quorum for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting is valid Whatever the number of shares represented in it.
General Assembly Meeting Agenda	In order to consider the following agenda:

1- Vote on amending the work regulations of the Audit Committee (attached).

2- Vote on amending the work regulations of the Remuneration and Nominations Committee (attached).

3- Vote on the remuneration policy of the Board of Directors, its sub-committees, and the executive management (attached).

4- Vote on the criteria and controls for the board members’ competition for the company’s business or any of its branches. ( attached ).

5- Vote on the Board of Directors’ decision to appoint Mr. Suleiman bin Nasser Al-Hattlan (an independent member from outside the Board) as a member of the Audit Committee, starting from 05-05-2021 until the end of the current committee’s work period on 24-06-2022 AD, in place of the committee member Previous Mr. Abdullah bin Muhammad Al-Bahouth (independent member) resigned on 04/21-2021 AD, provided that the appointment takes effect from the date of the decision issued on 05-05-2021 AD, and this appointment comes in accordance with the work regulations of the Audit Committee. (CV attached). Proxy Form E-Vote Only shareholders registered in the Tadawulaty service (www.tadawulaty.com.sa) are entitled to vote electronically on the items on the agenda of the Ordinary General Assembly meeting, which will start on Sunday 12/09/2021 pm at 10:00 am until the end of the meeting time, noting that registration in the My Trading Service and voting is available free of charge. To all shareholders. 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 In the event of an inquiry, we hope to contact the Shareholders Relations Department:

Phone: +966114110333 ext. 1103

Email faldajani@ardco.com.sa Attached Documents              

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