Arriyadh Development Co. — Proxy Solicitation & Information Statement 2024

Dec 26, 2024

Arriyadh Development Company Board invites its shareholders to attend the extraordinary general assembly meeting (first meeting) through contemporary technology means

4150 · 26/12/2024 08:20:48 · Announcement #84372 · View on Saudi Exchange

Arriyadh Development Company Board invites its shareholders to attend the extraordinary general assembly meeting (first meeting) through contemporary technology means

Element List	Explanation
Introduction	The Board of Directors of Arriyadh Development Company (the "Company") is pleased to invite its valuable shareholders to participate and vote in the extraordinary general assembly meeting (first meeting) scheduled at 7 PM on Thursday 16/07/1446H (corresponding to 16/01/2025G) through contemporary technology means.
City and Location of the General Assembly's Meeting	Riyadh – Kingdom of Saudi Arabia – at the headquarters of the company's general administration via means of modern technology.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-01-16 Corresponding to 1446-07-16
Time of the General Assembly’s Meeting	19:00
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 Company's shareholders register at the Depositary Center by the end of the trade session prior to the general assembly meeting are entitled to attend in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. A shareholder's right to register its 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	The extraordinary general assembly meeting is considered valid if attended by shareholders representing at least half of the Company's capital, in accordance with the provisions of Article 31 of the Company's bylaws. If this quorum is not met at this meeting, 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 quorate if attended by shareholders representing at least one quarter of the Company's capital.
General Assembly Meeting Agenda	1)Vote on the amendments to the Company's bylaws to align with the new Companies Law issued pursuant to Royal Decree No. (M/132) dated 01/12/1443H and rearranging and re-numbering the articles of the bylaws accordingly. (attached).

2) Voting on amending Article No. (3) of the company’s articles of association related to the company’s purposes (attached).

3) Voting on amending Article No. (6) of the Company's Articles of Association related to the Company's term (attached)..

4) Voting on amending Article No. (11) of the Company's Articles of Association related to stock trading (attached)..

5) Voting on amending Article No. (17) of the Company's Articles of Association related to the Board of Directors (attached)..

6) Voting on amending Article No. (20) of the Company's Articles of Association related to the powers of the Board of Directors (attached)..

7) Voting on amending Article No. (44) of the Company's Articles of Association related to the distribution of profits (attached)..

8) Voting on deleting Article No. (46) of the company’s articles of association relating to preferred shares (attached). Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the items listed in the agenda of the general assembly and raise questions and inquiries. Shareholders registered in Tadawulaty services can vote electronically and remotely on the assembly agenda items via Tadawulaty's website: www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda Shareholders registered on the Tadawulaty electronic services will be able to vote remotely on the assembly agenda items through the (electronic voting) service, which will start from 1:00 AM on Monday 13/07/1446 H (corresponding to 13/01/2025 G, until the end of the assembly’s meeting 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  

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