Ataa Educational Co. — AGM Information 2021

Oct 17, 2021

Ataa Educational Co. Announces the Invitation to its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting Via Modern Technology

4292 · 17/10/2021 08:09:40 · Announcement #65177 · View on Saudi Exchange

Ataa Educational Co. Announces the Invitation to its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting Via Modern Technology

Element List	Explanation
Introduction	The Board of Directors of Ataa Educational Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, at exactly 06:30 pm on Sunday 02-04-1443 AH corresponding to 07-11-2021 AD, via modern technology means,

for the safety of shareholders and within the support of 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 the spread of the virus. City and Location of the General Assembly's Meeting Ataa’s Head Office at Riyadh, Al-Izdihar district via modern technology using Jameeah platform. URL for the Meeting Location http://www.tadawulaty.com.sa Date of the General Assembly's Meeting 2021-11-07 Corresponding to 1443-04-02 Time of the General Assembly's Meeting 18:30 Attendance Eligibility Shareholders Registered in the Company’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 As per Article (33) of the Company Articles of Association, The Ordinary General Meeting shall be valid only if attended by shareholders representing at least 50% of the Company’s Capital. In case of non-completion of the Quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be deemed quorate regardless of the number of the Shareholders represented therein. General Assembly Meeting Agenda The first item: Voting on the Board of Directors' Annual Report for the fiscal year ending on 07/31/2021 AD.

Second item: Voting on the company’s auditor’s report for the fiscal year ending on 07/31/2021 AD.

Third item: Voting on the company's financial statements for the fiscal year ending on 07/31/2021 AD.

Fourth item: Voting on the board of directors’ recommendation to distribute dividends to shareholders for the fiscal year ending on 07/31/2021 AD, with a total value of (40,000,000) forty million Saudi riyals, so that the share of each share is one (1) Saudi riyal at a rate of (10%) of the paid-up capital, provided that the eligibility is for the shareholders who own shares at the end of trading on the day of the general assembly and who 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 eligibility date, and the date of dividend payment will be determined later.

Fifth item: Voting on the business and contracts that took place between the company and the vice-chairman of the Board of Directors, Dr. Ahmed bin Nasser Al-Mutib, in which he has a direct interest, and a member of the Board of Directors, Ms. Farah bent Ahmed Al-Mutib, has an indirect interest in them, which are lease contracts for the Middle East and Al-Feker complexes. With a total value of (13,188,000) Saudi riyals without preferential conditions. (attached)

Sixth item: Voting on the participation of the Board of Directors' member, Mr. Othman bin Tariq Al-Qasabi, in a work that competes with the company's business. (attached)

Item Seven: Voting to absolve the Board of Directors' members from liability for the fiscal year ending on 07/31/2021 AD.

Eighth item: Vote to elect members of the Board of Directors from among the candidates for the next session, which begins on 11/8/2021, with a three years duration, ending on 07/11/2024. (CVs of the candidates are attached)

The ninth item: Voting to disburse the amount of (1,350,000) Saudi riyals as a bonus to the members of the Board of Directors at the rate of (150,000) Saudi riyals for each member, for the fiscal year ending on 07/31/2021 AD.

The tenth item: Voting on the formation of the Audit Committee, determining its tasks, working regulations, and remuneration of its members for the new session, starting from the date of 11/8/2021 AD until the end of the session on 07/11/2024 AD, noting that the candidates (their CVs are attached) are:

1- Mr. Abdul-Ilah bin Saleh Al-AlSheikh (independent member).

2- Mr. Abdullah bin Tariq Al-Qasabi (Non-Executive Member).

3- Mr. Muhammed bin Ali Al-Otayfi (independent member).

Eleventh item: Vote on authorizing the Board of Directors, after the beginning of its new session, to have the authority of the shareholders’ general assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval by the Shareholders’ General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier. This is in accordance with the conditions set forth in the regulatory controls and procedures issued in implementation of the Companies Law for Listed Joint Stock Companies.

Twelfth Item: Vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee; This is for examining, reviewing and auditing the financial statements for the (second, third and fourth) quarters and the annual of the fiscal year ending on 07/31/2022 and for the first quarter of the financial year ending on 07/31/2023AD and determining his fees. Proxy Form E-Vote Shareholders registered on the Tadawulaty Services website will be able to vote remotely on the General Assembly’s meeting agenda through the (Electronic Voting) service, which will start from Thursday morning (10:00 am) dated 29 /03 /1443 corresponding to 04 / 11 /2021 , and ending when the General assembly meeting ends. The registration and voting on the Tadawulaty platform is freely available for all shareholders by using the following link

www.tadawulaty.com.sa 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 For inquiries, please contact the Investor Relations Department by phone number 0114563121 during the company's official working hours or by the E-mail of the Investor Relations Department.

ir@ataa.sa Additional Information The CVs of the candidates for the next Board of Directors' session are divided into two attachments. Attached Documents              

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