Arriyadh Development Co. — AGM Information 2024

Jul 25, 2024

Arriyadh Development Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) via modern technology

4150 · 25/07/2024 16:03:53 · Announcement #81526 · View on Saudi Exchange

Arriyadh Development Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) via modern technology

Element List	Explanation
Introduction	The Board of Directors of Riyadh Development Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held through modern technological means, God Almighty willing, at exactly six thirty in the evening on Thursday, Safar 11, 1446 AH, corresponding to August 15, 2024, AD.
City and Location of the General Assembly's Meeting	Riyadh - By using modern technology from the company's headquarters
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-08-15 Corresponding to 1446-02-11
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	According to Article 30 of the company’s bylaws, the ordinary general assembly meeting is valid if it is attended by shareholders representing at least a quarter of the capital. If the quorum necessary to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid. Whatever the number of shares represented in it.
General Assembly Meeting Agenda	1- Voting on the business and contracts that will be concluded between the company and Riyadh Holding Company, which are for both:

- Prince Dr. Faisal bin Abdulaziz bin Ayyaf, in his capacity as Chairman of the Board of Directors of Riyadh Development Company and Chairman of the Board of Directors of Riyadh Holding.

- Mr. Fahd bin Abdullah Al-Qassim, in his capacity as a member of the Board of Directors of Riyadh Development Company and a member of the Executive Committee of Riyadh Holding Company.

- Mr. Abdullah bin Muhammad Al-Bahouth, in his capacity as a member of the Board of Directors of the Riyadh Development Company (representing the General Organization for Social Insurance), which has ownership in the Riyadh Holding Company.

He has an indirect interest in it, which is the establishment of a simplified joint stock company between the Riyadh Development Company and the Riyadh Holding Company to develop the Deira area, so that the Riyadh Development Company’s share is 46.34% in the new entity, through an in-kind contribution to the Al-Tameer Wholesale Commercial Center, whose value is estimated at (675) million Saudi riyals, and there are no preferential terms for these contracts. Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Every shareholder has the right to discuss the topics included in the General Assembly’s agenda, direct questions about them to the members of the Board of Directors, and vote on them through the Tadawulaty platform:

www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda Shareholders registered on the Tadawulaty electronic services website will be able to vote remotely on the assembly’s items through the (electronic voting) service, which will start from one o’clock in the morning on Monday, 08-02-1446 AH, corresponding to 12-08-2024 AD, until the end of the assembly time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link:

www.tadawulaty.com.sa Method of Communication in Case of Any Enquiries If you have any questions, we hope to contact the Shareholder Affairs Department at:

Phone: 011-4110333 ext. 1103 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.