The Board of Directors of Asharqiyah Development Company is pleased to invite its shareholders to attend the Fortieth Ordinary General Assembly Meeting, which will be held at in Dammam (Al Nakheel King Khalid Bin Abdul Aziz Street Clock Tower Building) at 6:30 pm on Monday 11/10/1439 H corresponding to 25/06/2018, Meeting Location URL:
https://goo.gl/maps/nfux1Nhnguy
To discuss the following agenda:
(1) Voting on the report of the Board of Directors for the financial year ended 31/12/2017.
(2) Voting on the report of the external auditor of the company for the financial year ended 31/12/2017.
(3) Voting on the Company's consolidated financial statements for the year ended 31/12/2017.
(4) Voting on the selection of external auditor recommended by the Audit Committee to review the quarterly and annual financial statements for the year 2018 and the first quarter for the year 2019 and determine their fees.
(5) Voting on the discharge of the Board of Directors for the financial year ended
31/12/2017.
(6) Voting on the appointment of Mr. Mohammed bin Abdullah Al-Hujailan (Independent) Member of the Board of Directors for the remainder of the current BOD session ending on 14/04/2020 instead of the resigned member Mr. Ahmed bin Nasser Al-Zara (independent) 2017 (Attached)
(7) Voting on the appointment of Eng. Abdullah bin Ouda Al-Enezi (Independent) Member of the Board of Directors for the remainder of the current BOD session ending on 14/04/2020 instead of the Vice Chairman of the Board of Directors, Mr. Adel Bin Ahmed Al-Ghamdi on 4/ 3/2018 (Attached)
(8) Voting on the appointment of Dr. Abdulaziz bin Abdulrahman Al-Shamikh (independent) as a member of the Board of Directors for the remainder of the current BOD session ending on 14/04/2020 instead of the resigned Chairman of the Board Mr. Ziyad bin Ahmed Al Rahmah (independent) on 19/3/2018 (Attached)
(9) Voting on the appointment of Dr. / Jassem bin Shaheen Al Rumaihi as a member of the Audit Committee for the remainder of the current session ending on 14/04/2020 instead of the resigned member Mr. Aziz bin Mohammed Al Qahtani as of the date of the Assembly 25/06/2018.
(10) Voting on updating the Company,s corporate governance regulation. (Attached)

Each shareholder has the right to attend the General Assembly Meeting for shareholders registered with the Securities Depository Center (Edaa Center) at the end of the trading session prior to the General Assembly meeting and according to the rules and regulations.
The shareholder may appoint another person who is not a member of the Board of Directors or a member of the Company to represent him at the meeting and vote on the subjects on the agenda. The power of attorney is attested by the Chambers of Commerce and Industry when the shareholder is affiliated with one of them or if the shareholder is a company or legal entity, Licensed Banks or Licensed Persons in the Kingdom provided that the Client has an account with the Bank, the authorized person who certifies, the notary public or the persons authorized to do the acts of authentication, provided that a copy of the power of attorney shall be sent to the Company at least two days before the Assembly on the company adders at Asharqiyah Head Office 2592 King Khalid Street, Unit No. 8 Dammam 7849-32244.
Each shareholder or agent wishing to attend the meeting must bring with him the original identity and the original power of attorney and should be resented before the meeting time in order to process the registration procedures. Registration will end up at the beginning the meeting. The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least one quarter of the company paid up capital. If the quorum for the first meeting is not completed, a second meeting shall be convened one hour after the time allocated for the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.
The registered shareholders of the Voting Services ( Tadawulaty) will be able to vote on the agenda items starting from 10:00 am on Thursday, 7/10/1439 H corresponding to 21/6/2018 and until 4:00 pm on the day of the General Assembly Meeting. Voting on (Tadawulaty) is available to all shareholders using the following link:
www.tadawulaty.com.sa

For inquiries, please call: 0138099439 or fax: 0138099438