Arriyadh Development Co. — Proxy Solicitation & Information Statement 2025

Apr 16, 2025

The Board of Directors of Riyadh Development Company invites its shareholders to attend the Extraordinary General Assembly Meeting (first meeting) via modern technology.

4150 · 16/04/2025 15:45:36 · Announcement #86509 · View on Saudi Exchange

The Board of Directors of Riyadh Development Company invites its shareholders to attend the Extraordinary General Assembly Meeting (first meeting) via modern technology.

Element List	Explanation
Introduction	The Board of Directors of Riyadh Development Company (“the Company”) is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which is scheduled to be held, God willing, at 7:00 PM on Thursday, Dhu al-Qi’dah 10, 1446 AH, corresponding to May 8, 2025 AD, via modern technology.
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	2025-05-08 Corresponding to 1446-11-10
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 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 No. (31) of the Company’s Articles of Association, the Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the capital. If the quorum required to hold this meeting is not available, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid if attended by shareholders representing at least a quarter of the capital.
General Assembly Meeting Agenda	1- Vote to elect members of the Board of Directors from among the candidates for the next term, beginning on June 25, 2025, and ending on June 24, 2029, for a period of four years (the candidates' CVs are attached).

2- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024.

3- Vote on and discuss the company's auditor's report for the fiscal year ending December 31, 2024.

4- Review and discuss the financial statements for the fiscal year ending December 31, 2024.

5- Vote on the appointment of the company's auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the second and third quarters and the annual financial statements for the fiscal year 2025, and the first quarter of the fiscal year 2026, and determine their fees.

6- Voting to pay SAR 1,800,000 as remuneration to the members of the Board of Directors for the fiscal year ending December 31, 2024.

7- Voting on the Board of Directors' recommendation to distribute cash dividends of SAR 0.25 per share to the company's shareholders for the second half of 2024, representing 2.5% of the nominal value per share, amounting to SAR 58,482,704.50. The dividends will be granted to shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the company's shareholders' register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date. Dividends will be distributed on 25-05-2025.

8- Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual/quarterly basis for the fiscal year 2025.

9- Voting on transferring the statutory reserve balance, totaling SAR 184,701,083 as of the financial statements for the year ending December 31, 2024, to retained earnings. 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 website will be able to vote remotely on the assembly’s items through the (electronic voting) service, which will start at 1:00 AM on Sunday, 06/11/1446 AH corresponding to 04/05/2025 AD, until the end of the assembly’s meeting time. Registration and voting on 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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