Makkah Construction and Development Co. — AGM Information 2021

Mar 28, 2021

Makkah Construction and Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

4100 · 28/03/2021 16:17:18 · Announcement #62449 · View on Saudi Exchange

Makkah Construction and Development Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Element List	Explanation
Introduction	Makkah Construction and Development Company Board would like to invite its shareholders to attend the 34th Ordinary General Assembly meeting (1st and 2nd meeting after an hour) through modern technology "online" using TADAWULATY system, in the interest of the safety of shareholders and in support of preventive and precautionary efforts and measures by health and relevant authorities to address Coronavirus (COVID-19), as well as 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	Makkah - Fakieh Center - MCDC H Office 7th Floor
URL for the Meeting Location	No English translation, kindly refer to the Arabic version
Date of the General Assembly's Meeting	2021-04-19 Corresponding to 1442-09-07
Time of the General Assembly's Meeting	22:30
Attendance Eligibility	Shareholders Registered in the Issuer’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	Pursuant to Article (30) of the Company’s Articles of Association, the quorum for holding the Ordinary General Assembly meeting is valid if it is attended by shareholders representing at least 25% of the capital, otherwise, the second meeting will be held one hour after the end of the period specified for the 1st meeting, and the 2nd meeting will be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda	1. Voting on the company's financial statements for the fiscal year ending on 30/4/1442 AH corresponding to 15/12/2020 AD.

2. Voting on the company's auditor's report for the fiscal year ending on 30/4/1442 AH corresponding to 15/12/2020 AD.

3. Voting on the Board of Directors' report for the fiscal year ending on 30/4/1442 AH corresponding to 15/12/2020 AD.

4. Voting 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, third and fourth quarters of the fiscal year 1442/1443 AH corresponding to 2020/2021 AD and the first quarter of the fiscal year 1443/1444 AH 2022/2023 AD and determine its fees.

5. Voting on discharging board members for the fiscal year ending on 30/4/1442 AH corresponding to 15/12/2020 AD

6. Voting on the Board of Directors' recommendation not to distribute profits to the company's shareholders for the fiscal year 1441/1442 AH, equals to 2019/2020 due to the absence of profits for this year.

7. Voting on pay an amount of (2,200,000 riyals) as a bonus to Board members for the fiscal year ending on 30/4/1442 AH corresponding to 15/12/2020 AD.

8. Voting on the business and contracts that will be concluded between the Company and Fakieh Poultry Farms Company, and the Chairman of the Board of Directors Mr. Abdul Rahman Abdul Qadir Muhammad Fakieh in which he an indirect interest in it, during the next fiscal year 1442/1443 AH corresponding to 2020/2021 AD, which is a lease agreement for an exhibition in the commercial center and the commercial activity of "Al-Tazaj Restaurant" covers an area of 188 square meters, with an annual rent of 2,147,838 riyals, (without preferential benefits). Note that the amount of the transaction during the last year 1441/1442 AH corresponding to 2019/2020 was 741.129 riyals.

9. Voting on the business and contracts that will be concluded between the company and Mr. Abdul Rahman Abdul Qadir Muhammad Fakieh, Chairman of the Board of Directors, in which he has a direct interest in it, during the next fiscal year 1442/1443 AH corresponding to 2020/2021 AD, which is a rental contract for an apartment in the residential center with an area of 225 square meters at an annual rent of 672,500 SAR (without preferential benefits)

10. Voting on the business and contracts that will be concluded between the company and Fakieh Poultry Farms Company, and the Chairman of the Board of Directors Mr. Abdul Rahman Abdul Qadir Muhammad Fakieh in which has an indirect interest in it, during the next fiscal year 1442/1443 AH corresponding to 2020/2021 AD, which is a billboards contract with an annual rent of 171,000 riyals , (Without preferential benefits). Note that the amount of the transaction during the last year 1441/1442 AH corresponding to 2019/2020 AD amounted to 57,000 riyals.

11. Voting on the business and contracts that will be concluded between the company and Fakih Poultry Farms Company, and the Chairman of the Board of Directors Mr. Abdul Rahman Abdul Qadir Muhammad Fakieh in which he has an indirect interest in it, during the next fiscal year 1442/1443 AH corresponding to 2020/2021 AD, which is a lease contract for an office of 36 square meters at an annual rent of 46,800 SAR (without preferential benefits. Note that the amount of the transaction during the last year 1441/1442 AH corresponding to 2019/2020 AD amounted to 15.600 riyals.

12. Voting on the business and contracts that will be concluded between the company and Mr. Ziyad Bassam Muhammad Al-Bassam, a member of the board of directors, in which he he has a direct interest in it, during the next fiscal year 1442/1443 AH corresponding to 2020/2021 AD, which is a lease contract for an exhibition in the commercial center of an area of 16 square meters, with an annual rent of 235,700 riyals. The exhibition is a commercial activity of audio library (without preferential features). Note that the amount of the transaction during the last year 1441/1442 AH corresponding to 2019/2020 AD amounted to 78,567 riyals, and the commercial activity of the exhibition is an audio library.

13. Voting on the business and contracts that will be concluded between the company and the office of the counselor, Mr. Ahmed Abdel Aziz Suleiman Al-Hamdan for Financial and Administrative Consultations, a member of the Board of Directors in which he has a direct interest in it, during the next fiscal year 1442/1443 AH corresponding to 2020/2021 AD, which is a financial and legal consultancy agreement for a period of one year in the amount of 1,200,000 riyals. Proxy Form E-Vote Shareholders registered in Tadawulaty Services can vote remotely on the assembly’s items starting at 10 am on Thursday 3/9/1442 AH corresponding to 15/4/2021 AD until the end of the meeting time. 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 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 In the event of an inquiry about the Assembly's items, please contact the Shareholders Affairs Department on (0125570037), Ext (145) or via e-mail mosahem@mcdc.com.sa or write to the following address:

Makkah Construction and Development Company: Makkah Al-Mukarramah - Azizia Main Street - Fakieh Commercial Center – 7th floor. Attached Documents  

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