Thimar Development Holding Co. — AGM Information 2022

Jul 26, 2022

Thimar Development Holding Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

4160 · 26/07/2022 16:26:07 · Announcement #69382 · View on Saudi Exchange

Thimar Development Holding Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

Element List	Explanation
Introduction	The Board of Directors of Thimar Development Holding Co.is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting, (First Meeting), which is scheduled to be held, at 6:30 pm on Tuesday 18-01-1444 AH corresponding to 16-08-2022, in the presence and through the means of modern technology.
City and Location of the General Assembly's Meeting	Riyadh - Crown Hotel and through Means of Modern Technology
URL for the Meeting Location	https://app.jameeah.com/meetings/
Date of the General Assembly's Meeting	2022-08-16 Corresponding to 1444-01-18
Time of the General Assembly's Meeting	18:30
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	The quorum for holding the Ordinary General Assembly shall be considered valid if attended by shareholders who represent at least 25% of company’s capital. If the required quorum has not been met, a second meeting will be held one hour from the time the first meeting was supposed to convene. The second meeting will be valid regardless of the number of shares attend in it.
General Assembly Meeting Agenda	1- Voting on the Board of Directors' report for the fiscal year ending on 31-12-2019 G.

2- Voting on the auditor’s report on the Company’s accounts for the fiscal year ending on 31-12-2019 G.

3- Voting on the financial statements for the fiscal year ending on 31-12-2019 G.

4- Voting on the Board of Directors' report for the fiscal year ending on 31-12-2020 G.

5- Voting on the auditor’s report on the Company’s accounts for the fiscal year ending on 31-12-2020 G.

6- Voting on the financial statements for the fiscal year ending on 31-12-2020 G.

7- Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the second, third and annual financial statements, of the fiscal year 2022 G, and the first quarter of the fiscal year 2023 G, and the determination of the auditor remuneration.

8- Voting on the Board of Directors’ decision to appoint Eng. Walid Abdulaziz Al-Showair as an (independent) member of the Board of Directors starting from the date of February 14, 2022, to complete the Board’s session until its end date on May 13, 2023, in replacement to the resigned member Mr. Ibrahim Muhammad Al-Shabib - Independent Member (Attached)

9- Voting on the Board of Directors’ decision to appoint Eng. Walid Abdulaziz Al-Showair, (independent member) to the Audit Committee, starting from May 31, 2022, to complete the Board’s term until its end date on May 13, 2023, in replacement of the resigned member, Mr. Abdulaziz Aujan Al-Rashidi - Independent Member (Attached).

10- Voting on amendments to the policies, standards and procedures for membership in the Board of Directors (Attached).

11- Voting on amendments to the list of remunerations for members of the board of directors, sub-committees and executive management (attached).

12- Voting on the amendment of the company’s corporate governance. (Attached).

13- Voting to dismiss two members of the current board of directors based on the request submitted by some of the company's shareholders who own shares of more than 5% of the company's capital. The two members are:

- Mr. Ibrahim Abdul Karim Al-Mayouf (Non-Executive)

- Mr. Sari Ibrahim Al-Mayouf (Non-Executive). Proxy Form E-Vote The shareholders registered in Tadawulaty services may vote on the items of the General Assembly agenda online starting from 10:00AM on Thursday 13-01-1444 H corresponding to 11-08-2022 G until the closure of the meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders thru 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 Phone: 0504471505, Email: boardsecretary@thimar.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.