Riyadh Cables Group Co. — AGM Information 2025

Mar 27, 2025

Riyadh Cables Group Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

4142 · 27/03/2025 16:59:19 · Announcement #86211 · View on Saudi Exchange

Riyadh Cables Group Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

Element List	Explanation
Introduction	Riyadh Cables Group Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (Second Meeting) for the year 2025, which will be held on Thursday, 17/04/2025, at 18:30 Riyadh time, through modern technology means.
City and Location of the General Assembly's Meeting	Riyadh, through modern technology means from The Company's headquarter
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-04-17 Corresponding to 1446-10-19
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	According to Article (38) of the Company's Articles of Association, the legal quorum for convening an Ordinary General Assembly meeting is the presence of shareholders representing two-thirds of the share capital. In case the quorum is not met, a second meeting will be held after one hour from the end of the period specified for the first meeting, and the second meeting will be valid if attended by shareholders representing at least 25% of the share capital.
General Assembly Meeting Agenda	1) Reviewing and discussing the Board of Directors' report on the fiscal year up to 31 December 2024.

2) Voting on the auditor's report for the financial year up to 31 December 2024.

3) Review and discuss the financial statements for the fiscal year up to 31 December 2024.

4) Voting on the Board of Directors’ recommendation to distribute dividends of SAR (299,435,000) to shareholders for the second half of the period ending on 31/12/2024 at the rate of SAR (2) per share, representing (20%) of the nominal share value. The eligibility shall be for the shareholders who own the shares at the close of the market on the day of the AGM on 17/04/2025, and who are registered in the shareholders’ register at the Securities Depository Centre Company (EDAA) at the end of the second trading day following this eligibility date. The disbursement of the dividend shall be on Wednesday 7 May 2025.

5) Voting on the business and contracts concluded between the company and Masdar Materials Construction, which is for the members of the Board of Directors Eng. Raed bin Ibrahim Al-Mudaiheem (Non-Executive Member) and Mr. Ziad bin Fouad Al-Saleh (Non-Executive Member) Indirect interest, which are purchase orders - without preferential conditions and benefits - as the value of transactions for the year 2024 amounted to SAR 1,823,443.

6) Voting on the business and contracts concluded between the company and Masdar Building Materials Company, in which the members of the Board of Directors, Eng. Raed bin Ibrahim Al-Mudaiheem (non-executive member) and Mr. Ziad bin Fouad Al-Saleh (non-executive member) have an indirect interest, which are sales requests - without preferential conditions and benefits - where the value of transactions for the year 2024 amounted to SAR 65,690,538.

7) Voting on the business and contracts concluded between the company and Thabet Construction Company Ltd., in which the members of the Board of Directors, Eng. Raed bin Ibrahim Al-Mudaiheem (non-executive member) and Mr. Ziad bin Fouad Al-Saleh (non-executive member) have an indirect interest, which are sales requests - without conditions and preferential benefits - where the value of transactions for the year 2024 amounted to SAR 160,530.

8) Voting on the works and contracts concluded between the company and Masdar Technical Equipment Company, in which the members of the Board of Directors, Eng. Raed bin Ibrahim Al-Mudaiheem (non-executive member) and Mr. Ziad bin Fouad Al-Saleh (non-executive member), have an indirect interest that are purchase orders - without preferential conditions and benefits - where the value of transactions for the year 2024 amounted to SAR 75,250.

9) Voting on the business and contracts concluded between the company and Al-Jadeer Logistics Services, in which the member of the Board of Directors, Mr. Ziad bin Fouad Al-Saleh (non-executive member), has an indirect interest, which are purchase orders - without preferential conditions and benefits - where the value of transactions for the year 2024 amounted to SAR 7,661,626.

10) Voting on the business and contracts concluded between the company and Lighting Technologies Company Ltd., in which the member of the Board of Directors, Mr. Ahmad Samer bin Hamdi Alzaim (non-executive member), has an indirect interest, which are purchase orders - without preferential conditions and benefits - where the value of transactions for the year 2024 amounted to SAR 300,150.

11) Voting on the business and contracts concluded between the company and Lighting Technologies Co. Ltd., in which the member of the Board of Directors, Mr. Ahmad Samer bin Hamdi Alzaim (non-executive member), has an indirect interest, which are sales requests - without conditions and preferential benefits - where the value of transactions for the year 2024 reached SAR 480,700.

12) Voting on the business and contracts concluded between the company and Afaq Al-Hikma Investment Company, in which the member of the Board of Directors, Eng. Mohammed bin Hikmat Al-Zaim (non-executive member), has an indirect interest, which are sales requests - without conditions and preferential benefits - where the value of transactions for the year 2024 reached SAR 105,150.

13) Voting on the business and contracts concluded between the company and Rabou Al-Yasmeen Agriculture Company, in which the member of the Board of Directors, Eng. Mohammed bin Hikmat Al-Zaim (non-executive member), has an indirect interest, which are sales requests - without preferential conditions and benefits - where the value of transactions for the year 2024 amounted to SAR 368,284.

14) Voting on the discharge of the Chairman and members of the Board of Directors for the financial year ended 31 December 2024.

15) Voting on the recommendation of the Board of Directors on 10/03/2025G to disburse SAR (2,400,000) remuneration and compensation to the members of the Board of Directors for the period from 1 January 2024 to 31 December 2024.

16) Voting on authorizing the Board of Directors to distribute semi-annual or quarterly interim dividends to shareholders for the fiscal year 2025

17) Voting on the recommendation of the Board of Directors to authorize the Board of Directors with the authority of the General Assembly as stated in paragraph (1) of Article 27 of the Companies Law for a period of one year from the date of the approval of the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions set forth in the executive regulations of the Companies Law for listed joint-stock companies in the financial market. Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right All shareholders registered in TADAWULATY services will be able to remotely vote on the items of the General Assembly starting from 1:00 AM on Sunday, 13/04/2025, corresponding to 15/10/1445 AH, until the end of the meeting's time. Registration and voting in TADAWULATY services will be available and free of charge for all shareholders using the following link:

https://www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda The right to register attendance at the General Assembly meeting ends at the time of the meeting's convening. Similarly, the right to vote on the items of the General Assembly for those present ends when the vote-counting committee finishes counting the votes. Method of Communication in Case of Any Enquiries shareholders' inquiries and questions will be received by contacting the Investor Relations department of the company during official working hours through the following methods:

Phone: 0112650850 ext. 1336

Email: ir@riyadh-cables.com Additional Information N/A Attached Documents     

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