Makkah Construction and Development Co. — AGM Information 2023

Feb 15, 2023

Makkah Construction and Development Company invites its esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) via modern technology (remotely) (Reminder)

4100 · 15/02/2023 08:00:47 · Announcement #72020 · View on Saudi Exchange

Makkah Construction and Development Company invites its esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) via modern technology (remotely) (Reminder)

Element List	Explanation
Introduction	Makkah Construction and Development Company Board is pleased to remind the honorable shareholders to participate and vote in the thirty-fifth Ordinary General Assembly meeting (the first and second meeting will be in an hour) through the means of modern technology (remotely) using the Tadawulaty system
City and Location of the General Assembly's Meeting	Via modern technology at the Company's headquarters in Makkah Al-Mukarramah.
URL for the Meeting Location	https://goo.gl/maps/zdF7qe2y1LHoK5Et8
Date of the General Assembly's Meeting	2023-02-20 Corresponding to 1444-07-29
Time of the General Assembly's Meeting	20:00
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	According to Article (30) of the company's bylaws, the legal quorum for holding the Ordinary General Assembly meeting is valid if attended by shareholders representing at least a quarter of the capital. If the necessary quorum is not available for holding this meeting, the second meeting will be held an hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda	1- Reviewing and discussing the company's financial statements for the fiscal year 1443 AH (the short Hijri year) ending on 14/11/1443 AH corresponding to 13/06/2022 AD.

2- To vote on the company's auditor's report for the fiscal year 1443 AH (the short Hijri year) ending on 14/11/1443 AH corresponding to 13/06/2022 AD.

3- To vote on the termination of the contract between the company and Ernst Young, the company' s auditor, by mutual consent between the two parties, for the engagement letter (contract) signed between the company and Ernst Young, the company's auditor, on 12/01/1443 AH corresponding to 30/06/2022 AD, and that the last period was completed Its review between the two parties was for the financial period ending on 30/09/2022 AD

4- To vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the short calendar year ending on 31/12/2022 AD and the first quarter that ends on 31/03/2023 AD and determine his fees, in the event Approval of Clause No. 3 (termination of the contract).

5- To vote on the decision of the Board of Directors to appoint Mr. Ibrahim Abdullah Ibrahim Al-Subaie as a (non-executive) member of the Board of Directors, starting from the date of his appointment on 05/12/2022 AD corresponding to 11/05/1444 AH to complete the session of the Board until the end date of the current session on 20/11/1444 AH Corresponding to 09/06/2023 AD, to succeed the previous member, Abdulrahman Abdulqader Muhammad Fakih (non-executive)

6- To vote on the business and contracts concluded between the company and Mr. Ziyad Bassam Muhammad Al-Bassam, a member of the Board of Directors, and he has a direct interest in it, which is a lease contract for a gallery (audio library) in the commercial center, with an area of 16 square meters, during the period from 03/04/2022 AD to 31/12/2022 AD, with a rent of 201,156 riyals, (without preferential benefits).

7- To vote on the business and contracts concluded between the company and the Anas Muhammad Salih Serafi Foundation, in which Mr. Hamza Muhammad Salih Sirafi, Vice Chairman of the Board of Directors had an indirect interest, which is a lease contract for a gold shop of 16 square meters during the period from 03/04/2022 AD to 31/12/2022 AD, with a rent of 216,575 riyals (without preferential benefits). Proxy Form E-Vote To vote on appointing the company's auditor from among the candidates based on the recommendation of the Audit Committee in order to examine, review and audit the financial statements for the short calendar year ending on 31/12/2022 AD and the first quarter that ends on 31/03/2023 AD and determine his fees, in the event Approval of Clause No. 3 (termination of the contract). 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. Additional Information The resume form for the new member, Mr. Ibrahim Abdullah Ibrahim Al-Subaie, has been updated Attached Documents        

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