Saudi Industrial Export Co. — Proxy Solicitation & Information Statement 2022

Apr 19, 2022

The Saudi Industrial Exports Company (Saderat) invites its shareholders to attend the Extraordinary General Assembly meeting, which includes increasing the company's capital (the first and second meeting an hour after the first) through Virtual Meeting

4140 · 19/04/2022 15:29:47 · Announcement #67797 · View on Saudi Exchange

The Saudi Industrial Exports Company (Saderat) invites its shareholders to attend the Extraordinary General Assembly meeting, which includes increasing the company's capital (the first and second meeting an hour after the first) through Virtual Meeting

Element List	Explanation
Introduction	The Board of Directors of the Saudi Industrial Exports Company (Sadirat)) pleased to invite its valuable shareholders to participate and vote in the Extraordinary General Assembly meeting (The first and second meeting an hour after the first)

Which will convene on Sunday 10/10/1443 AH corresponding to 11/05/2022 AD (08:00 pm). and shall be held via modern technology means. City and Location of the Extraordinary General Assembly's Meeting The company's headquarters - Riyadh - Al-Ghadeer district, King Abdul Aziz Road (through virtual meeting) URL for the Meeting Location https://www.tadawulaty.com.sa Date of the Extraordinary General Assembly's Meeting 2022-05-11 Corresponding to 1443-10-10 Time of the Extraordinary General Assembly's Meeting 20:00 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 In order for the regular general assembly meeting to be valid, the attendance of shareholders representing at least 50% of the company's Two million one hundred and sixty thousand shares, When shareholders representing 25% of the company’s shares are present, and if the necessary quorum is not available at the second meeting, an invitation is sent to a third meeting, and the third meeting will be valid regardless of the number of shares represented therein, after the approval of the competent authority. Meeting Agenda 1- Voting on the Board of Directors’ recommendation to increase the company’s capital according to the following:

- The total amount of the increase: 172,800,000 Saudi riyals.

- The company's capital before the increase: (21,600,000) Saudi riyals.

- The company's capital after the increase: (194,400,000) Saudi riyals.

- Number of shares before the increase: (2,160,000) shares.

- Number of shares after the increase: (19,440,000) shares.

- Reason for the increase: raising the financial solvency and the strategic expansion of the company.

- Percentage of the increase: 800% of the company's capital.

- Method of increase: a number of (8 shares) rights will be issued for each share.

- Eligibility Date: 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.

- Voting on the amending Article No. (7) of the company's articles of association related to capital (attached).

- Voting on the amending Article No. (8) of the company's articles of association related to IPO to shares (attached).

2- Voting on the Board Annual Report for the financial year ended on 31 December 2021.

3- Voting on External Auditors Report for the fiscal year ended on 31 December 2021.

4- Voting on the Financial Statements for the financial l year ended on 31 December 2021.

5- Voting on the appointment of External Auditor among the nominated based on the recommendation of the Audit Committee to review and audit the financial statements of the second & third quarter and annual statements for the year 2022 and first quarter of 2023, and determination of his fees.

6- Voting on the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from the date of 16/06/2022 AD until the end of the term on 15/06/2025 AD. The following are the names of the candidates, (whose CVs are attached):

Mr. Mohammed Azzam Al-Showair - Member from outside the Board - Independent (Chairman of the Committee).

Mr. Salman Mohammed Al-Suhaibaney - Member of the Board of Directors - Independent.

Mr. Mohammed Hamad Al-Saleh - Member from outside the Board - Independent.

7- Voting for election of the Board members from among the candidates for the next term, commencing from 16/06/2022 AD, for a term of three years, ending on 15/06/2025 AD. (CVs of the Candidates are Attached). Proxy Form E-Vote Shareholders registered in the tadawulaty services will be able to vote remotely on the assembly’s items, starting at ten o'clock in the morning on On Sunday 07-10-1443 AH corresponding to 08-05-2022 AD until the end of the assembly.

Registration and voting in tadawulaty Services will be available and free of charge to all shareholders using the following link: 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 the event of an inquiry, one can contact the Investor Relations Department by phone: 0114058080 or on the mobile number 00966558850083, during the official working hours of the company from Sunday to Thursday from ten in the morning until three in the afternoon, and questions related to the agenda of the association can also be sent to the following address email: shareholder.relations@siec.com.sa 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.