Naseej International Trading Co. — Proxy Solicitation & Information Statement 2021

Oct 13, 2021

Naseej International Trading Company invites its shareholders to attend the Extraordinary General Assembly meeting for Capital Increase (Third Meeting) by means of modern technology

1213 · 13/10/2021 15:29:27 · Announcement #65141 · View on Saudi Exchange

Naseej International Trading Company invites its shareholders to attend the Extraordinary General Assembly meeting for Capital Increase (Third Meeting) by means of modern technology

Element List	Explanation
Introduction	The Board of Directors of Naseej International Trading Company is pleased to invite its shareholders to participate and vote in the Extraordinary General Assembly Meeting that includes increasing the Capital of the company (the Third Meeting) which is scheduled to be held, God willing, on Thursday , 29Rabi’ Al-Awwal 1443 AH corresponding to November 4, 2021 AD, at 6:30 pm by means of modern technology, as part of the support of preventive and precautionary efforts and measures by the competent and relevant health authorities in the Kingdom Saudi Arabia to limit the spread of the 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 Extraordinary General Assembly's Meeting	Via modern technology means from the company Head Office - Jeddah Industrial City – Phase 4 - Factory (1).
URL for the Meeting Location	www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting	2021-11-04 Corresponding to 1443-03-29
Time of the Extraordinary General Assembly's Meeting	18:30
Attendance Eligibility	ShareHolders Registered at the Depositary Center Registry at the End of the Trading Session Proceeding the General Assembly Meeting and as per the Laws and Regulations
Quorum for Convening the General Assembly's Meeting	The Extraordinary General Assembly meeting (the third meeting) shall be valid if attended by shareholders, regardless of the number of shares represented in it.
Meeting Agenda	1. Voting on the Board of Directors recommendation to increase the company’s capital by offering the rights issue shares as follows:

• The capital before the increase is (61,632,010) Saudi riyals, the capital after the increase is (211,632,010) Saudi riyals.

• Percentage of Capital Increase: % 243.38

• The total amount of the increase is (150,000,000) Saudi riyals.

• The number of shares before the increase is (6,163,201) ordinary shares, the number of shares after the increase is (21,163,201) ordinary shares.

• The reason for increasing the capital: Raising the company’s solvency, strategic expansion, and improve financial performance, borrowing rates and costs incurred from.

• Capital increase method: Offering and listing of rights shares for (15,000,000) ordinary shares.

• Date of Eligibility: If the item is approved, eligible shareholders are those holding shares on the day of convening the Extra-Ordinary General Assembly and who are registered in the shareholders' registry with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the eligibility date.

• Amending Article (7) of the Company's Articles of Association related to capital (attached).

• Amending Article (8) of the Company's Articles of Association related to subscription to shares (attached). Proxy Form E-Vote The shareholders registered in Tadawulaty services may vote remotely on the agenda of the General Assembly Meeting starting at 10:00 AM on Sunday 25/03/1443 corresponding to 31/10/2021 Until the time the general assembly meeting ends. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the (E-Voting) services at:

https://www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting Eligibility for Attendance Registration and Voting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication In case of any inquiries and shareholders questions on this meeting’s agenda items can be received through phone No. (6222608) and the Investor Relations Department’s email address, at Email: otaha@al-sorayai.com Attached Documents     

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.