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| Introduction | The Board of Directors of Al Kathiri Holding Company is pleased to invite the honorable shareholders to attend the extraordinary general assembly meeting (the first meeting), which is scheduled to be held, God willing, at 6:30 pm on Monday 18-02- 1441 AH corresponding to 05-10- 2020 AD in the company’s headquarters in Riyadhvia modern technology means through the Tadawulaty system, in line with the precautionary measures initiated by the relevant authorities to limit the spread of the emerging Coronavirus (COVID-19), and pursuant to the circular issued by the Board of the Capital Market Authority (CMA) regarding the suspension of conducting general assembly meetings by physical attendance until further notice, and to conduct such meetings remotely through modern technology means. |
| City and Location of the Extraordinary General Assembly’s Meeting | At the Company’s Headquarter – Riyadh – Via modern technology (remotely) |
| URL for the Meeting Location | https://goo.gl/maps/hZBn4D6CzTu |
| Date of the Extraordinary General Assembly’s Meeting | 2020-10-05 Corresponding to 1442-02-18 |
| 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 | As per Article (33) of the Company’s Articles of Association, the quorum for holding the Extraordinary General Assembly is the presence of shareholders representing at least 50% of the Company’s capital, If the required quorum has not been met, a second meeting will be held one hour after the end of the first meeting period. The second meeting shall be valid if attended by shareholders who represent at least (25%) of the Company’s capital. |
| Meeting Agenda | 1. Voting on the Board of Directors ’recommendation to increase the company’s capital by way of priority rights, according to the following:A- The company’s capital before the increase is (45,208,800) SR, divided into (4,520,880) ordinary shares.B- The company’s capital after the increase is (90,417,600) SR, divided into (9,041,760) ordinary shares.C- The total amount of the increase is (45,208,800) SR.D- The reason for the capital increase: Supporting the expansion of the company’s activity and providing working capital that enables the company to increase its operational capacity and support its future activities.C- Capital increase method: The offering and listing of priority rights shares for (4,520,880) ordinary shares.H- Eligibility Date: In the event that the company’s shareholders in the extraordinary general meeting agreed to increase the capital, all the shareholders of the company registered in the company’s records at the Securities Depository Center (Depository Center) will be eligible at the end of the second trading day following the convening of the extraordinary general assembly in which it was decided. Capital increase.G- Voting on the amendment of Article No. (7) of the company’s articles of association, relating to (capital). (Attachment)D- voting on amending Article No. (8) of the Company’s Articles of Association, relating to (subscribing to shares). (Attachment)2. Voting to amend Article No. (1) of the company’s articles of association, relating to (incorporation). (Attachment)3. Voting to add an article to the companies ’articles of association No. (14) related to (Issuing debt instruments and instruments ). (Attachment)4. Voting to add an article to the companies ’articles of association No. (15) related to (the company’s purchase of its shares and mortgaging them). (Attachment)5. Voting on the amendment of Article No. (54) of the company’s articles of association, relating to (Enforcement). (Attachment)6. Voting to amend Article No. (55) of the company’s articles of association, relating to (deposit and publication). (Attachment)7. Voting on rearranging the articles of the company’s articles of association and numbering them; To comply with the proposed amendments in the above clauses (3&4&5&6) if approved. (Attachment) |
| Proxy Form | ▼ |
| E-Vote | Note that shareholders registered on Tadawulaty services can vote remotely (on line) on the items of the Ordinary General Assembly Meeting, starting at (10 am) on (Thursday) 14/02/1442 H corresponding to 01/10/2020 up to the ending time of the convention of the Ordinary General Assembly, and the registration and voting via Tadawulaty services is available for free for the all shareholders on 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 | For more information, please contact Shareholders Affairs during the working timing on 920004192/011-4167900, Fax no. 011-4167909 EXT 106, or through email: info@alkathiriholding.com |
| Attached Documents |
