Ash-Sharqiyah Development Co. — Proxy Solicitation & Information Statement 2017

May 25, 2017

Asharqiyah Development Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting

6060 · 25/05/2017 16:18:21 · Announcement #47205 · View on Saudi Exchange

Asharqiyah Development Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting

Asharqiyah Development Board of Directors are pleased to invite its shareholders to attend the 9th Extraordinary General Assembly at 10:00 pm on 18/6/2017 at Golden Tulip Al Hamra Hotel, King Khaled Street, Dammam https://goo.gl/maps/MfEykNL2pQ12 to vote on the following agenda:

1) Voting on the Board of Directors annual report for the period ending 31/12/2016.

2) Voting on the external auditor report for the year ending 31/12/2016. 3) Voting on the financial statements and profit and loss account for the period ended 31/12/2016.

4) Voting on the selection of external auditor recommended by the Audit Committee to review the quarterly and annual financial statements for the year 2017 and determine their fees.

5) Voting on the discharge of the Board of Directors for the financial year ended 31/12/2016.

6) Voting on the election of the incoming Board of Directors for the new session for a period of three years starting from the date of the Assembly.

7) Voting on the formation of the Audit Committee for the new session starting from the date of the Assembly for a period of three years and approval of its tasks and the compensation for the following candidates: 1- Khalid Abdul Hamid Al Shehab

2- Khalid Abdulaziz Alhoshan

3- Samer Nahed Alsourani

4- Aziz Mohammed Alqahtani

5- Adel Ahmed Alghamdi.

8) Voting on the approval of work covered by the Board of Directors after the expiration of its session on 16/4/2017 until the date of this Assembly.

9) Voting on the amendment of Articles of Association in line with the amended Saudi Corporate Law.

10) Voting on the amendment of Article (3) of the Articles of Association.

11) Voting on the amendment of Article (4) of the Articles of Association.

12) Voting on the amendment of Article (9) of the Articles of Association.

13) Voting on the amendment of Article (18) of the Articles of Association.

14) Voting on the amendment of Article (20) of the Articles of Association.

The company is pleased to inform shareholders that they will be able to vote remotely on the above items via e-voting service free of charge through Tadawulaty website at www.tadawulaty.com.sa starting from 10 am 14/6/2017 to 9 pm on 18/6/2017. The meeting shall be attended by a number of shareholders representing at least 50% of the Company paid up capital. If the quorum for the first meeting is not completed, a second meeting shall be convened one hour after the time allocated for the first meeting. The second meeting shall be valid if attended by a number of shareholders representing at least a quarter of the Company paid up capital. Each shareholder shall have the right to attend the meeting or to delegate any person other than the Board of Directors or Asharqiyah employees according to the attached power of attorney form (in Arabic) provided that it is attested by the Chamber of Commerce or a bank or authorized persons or notary public or persons licensed for authentication. A copy of the power of attorney must be submitted to the Company at least two days prior to the Assembly. Shareholders are recommended to attend the meeting and show their government issued identity card and the original power of attorney at least one hour prior to the meeting. For more information or inquiries please contact the Company at the following:

2592 King Khalid Street - Unit 8 - Dammam 32244-7849 Saudi Arabia

Tel 0138099439

Fax 0138099438

Email info@asharqiyah.com.sa

Attached Documents

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