Arriyadh Development Co. — AGM Information 2021

Mar 25, 2021

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

4150 · 25/03/2021 15:37:20 · Announcement #62419 · 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 ten thirty in the evening on Sunday 6 Ramadan 1442 AH corresponding to April 18, 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 2021-04-18 Corresponding to 1442-09-06 Time of the General Assembly's Meeting 22:30 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.Voting on the Board of Directors' report for the fiscal year ending on 31/12/2020 G.

2.Voting on the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2020 G.

3.Voting on the financial statements for the fiscal year ending on 31/12/2020 G.

4.Voting on appointing the (auditor) for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the (second, third, and fourth) quarter and annual financial statements, of the fiscal year 2021 G., and the first quarter of the fiscal year 2022 G., and the determination of the auditor remuneration.

5. Voting to release the Board of Directors members from liabilities for their management of the company during the financial year ended 31 December 2020.

6. Voting on disbursement of SAR 3,757,000 as remuneration to the board members for the fiscal year of 2020.

7.Voting on the board resolution in regards of the distributed of cash dividend to the shareholders for the first half of the fiscal year 2020, (SAR 0.50) per share representing (5%) of the share nominal value with total amount of SAR 88,888,888.5. (Attached).

8.Voting on the Board of Director’s recommendation to distribute cash dividends to the shareholders for second half of 2020, at (0.65) Riyals per share which is equivalent to (6.5%) of the company’s share capital with a total amount of (115,555,555 ) riyals Provided that the entitlement to dividends is for shareholders

holding the shares by the end of the trading day of the assembly date who are registered in the Company's shareholders registry held by the Securities Depository Centre Company (Edaa) at the end of the second trading day following the entitlement date, (the distribution date to be announced later).

9.Voting on delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2021 G. 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 April 14, 2021 AD at ten in the morning until the end of the assembly 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. 456-445

Email faldajani@ardco.com.sa 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.