BAAN Holding Group Co. — AGM Information 2021

Nov 15, 2021

Abdul Mohsen Al Hokair Group for Tourism and Development announces an invitation to its shareholders to attend the company’s Ordinary General Assembly meeting (the first meeting) through modern technology

1820 · 15/11/2021 15:27:28 · Announcement #65654 · View on Saudi Exchange

Abdul Mohsen Al Hokair Group for Tourism and Development announces an invitation to its shareholders to attend the company’s Ordinary General Assembly meeting (the first meeting) through modern technology

Element List	Explanation
Introduction	The Board of Directors of Abdul Mohsen Al Hokair Group for Tourism and Development is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) and the second one hour later, which is scheduled to be held, God willing, at 18:30 pm on Monday 06/12/2021 corresponding to 02/05 / 1443 AH, by means of modern technology, in the interest of 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 its spread.
City and Location of the General Assembly's Meeting	Company Headquarters - Riyadh City - Through Contemporary Technology.
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting	2021-12-06 Corresponding to 1443-05-02
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Each of the shareholders registered in the company's shareholders register at the Depository Center at the end of the trading session preceding the general assembly meeting has the right to attend the assembly meeting in accordance with the rules and regulations.
Quorum for Convening the General Assembly's Meeting	According to Article (34) of the company's articles of association, the meeting of the ordinary general assembly is valid if attended by shareholders representing at least a quarter of the capital. If the necessary quorum is not available to hold this meeting, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda	-1 Vote on redirecting the use of the offering proceeds as mentioned in the results announcement on 8/8/2021 which was mentioned in the prospectus published on 20/6/2021 (attached)

2- Voting on the business and contracts that took place between the company and Abdul Mohsen Abdulaziz Al Hokair Holding Group, in which the members of the Board of Directors have an indirect interest, namely, Mr. Musaed Al Hokair, Mr. Majid Al Hokair and Mr. Sami Al Hokair, which is a rental contract for the Holiday Hotel in Al Khobar Corniche, knowing that the transactions for the previous year It is (5,093,490) riyals, equivalent to 20% of the total revenues without preferential terms or benefits (attached)

3- Voting on the business and contracts that took place between the company and Abdul Mohsen Abdulaziz Al Hokair Holding Group, in which the members of the Board of Directors have an indirect interest, namely, Mr. Musaed Al Hokair, Mr. Majid Al Hokair and Mr. Sami Al Hokair, which is a rental contract for a building attached to the Holiday Inn Hotel Jeddah Gate (Jeddah). Note that the transactions for the previous year are (34,706) riyals, which is equivalent to 15% of the total revenue without preferential conditions or benefits (attached).

4- Voting on the business and contracts that took place between the company and Tanami Arabia Ltd., in which the members of the board of directors have an indirect interest, namely, Mr. Musaed Al Hokair, Mr. Majid Al Hokair and Mr. Sami Al Hokair, which is a rental contract for an administrative office and Diamond Card office (Dammam), noting that the transactions For the previous year, it is 726,000 riyals + 57,500 (Diamond office) without preferential conditions or benefits (attached)

5- Voting on the business and contracts that took place between the company and Abdul Mohsen Abdulaziz Al Hokair Holding Group, in which the members of the Board of Directors have an indirect interest, namely, Mr. Musaed Al Hokair, Mr. Majid Al Hokair and Mr. Sami Al Hokair, which is an agreement for maintenance, operation and cleaning services, noting that the transactions for the previous year are ( 2,615.089) riyals without conditions or preferential benefits (attached)

6- Voting on the business and contracts that took place between the company and MENA Education and Human Resources Development Company (Abdul Mohsin Al Hokair Institute for Hotel Training), in which the members of the Board of Directors have an indirect interest. The transactions for the previous year are (1,071,187) riyals without preferential conditions or benefits (attached)

7- Voting on the business and contracts that were made between the company and the Riyadh Company for Tourism, Entertainment and Commercial Projects, in which the members of the Board of Directors have an indirect interest, namely, Mr. Musaed Al Hokair, Mr. Majid Al Hokair and Mr. Sami Al Hokair, which is a contract for renting games (video games) for the Al Hokair Land website. The transactions for the previous year are (20,945) riyals, which is equivalent to 60% of the total revenue without preferential conditions or benefits (attached)

8- To vote on amending the investment agreement of Half Moon Hotel - Mina Holiday Resort - with Half Moon Resort Company (Related Party) (attached)

9- To vote on amending the policy regulation for the remuneration of the Board of Directors, its committees and the executive management (attached). Proxy Form E-Vote Shareholders registered in Tadawulaty services can vote electronically on the assembly’s items starting from 10:00AM on Thursday 02/12/2021 corresponding to

27/04/1443 AH until the end of the time of the assembly, and registration and voting in Tadawulaty services will be available and free for all shareholders using the following link :

www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting The right to register attendance at the assembly meeting expires at the time of the assembly meeting. Also, the right to vote on the assembly’s articles for those present ends when the counting committee finishes counting the votes Method of Communication phone 0114134444- and e-email IR@alhokair.com Additional Information Voting will be done remotely. Attached Documents              

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