Al Rashid Industrial Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Rashid Industrial Company is pleased to invite esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which is scheduled to be held, God willing, at 6:30 PM on Monday, Dhu al-Hijjah 6, 1446 AH, corresponding to June 2, 2025 AD, via modern technology |
| City and Location of the General Assembly's Meeting | Riyadh - Company Headquarters - Via modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-02 Corresponding to 1446-12-06 |
| 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 | The legal quorum for an extraordinary general meeting is the attendance of shareholders representing at least half of the company's voting shares. If this quorum is not present at the first meeting, a second meeting will be held one hour after the expiry of the time limit set for the first meeting. The second meeting will be deemed valid if attended by shareholders representing at least a quarter of the company's voting shares |
| General Assembly Meeting Agenda | 1- Review the Board of Directors’ report for the financial year ending on 31-12-2024 and discuss it.
2- Voting on the company’s auditor’s report for the financial year ending on 31-12-2024 after discussing 3- Review the financial statements for the fiscal year ending on 31-12-2024 and discuss it. 4- Voting on the appointment of the company’s auditor from among the candidates, based on the Audit Committee’s recommendation, to examine, review, and audit the semi-annual and annual financial statements for the fiscal year 2025, and determine their fees.. 5- Voting on the Board of Directors’ recommendation to distribute cash dividends in the amount of (1.25) riyals to shareholders for the financial period ending on December 31, 2024 AD, amounting to (10,000,000) riyals, which represents (12.5%) of the nominal share value. The eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholders’ register with the Securities Depository Center Company (the Depository Center) at the end of the second trading day following the due date. The date of dividend will be on 18 june 2025 6- Voting on the business and contracts concluded between Company and Al Rashid boxes and Plastic Products Est ,in which the Board Member, Mr. Muhammad Abdul Aziz Muhammad Al Rashid Al Humaid, has a direct interest, which took place during the fiscal year ending 12/31/2024 , amounting to (8,793,052) Riyals, which is Sale of plastic products to Al Rashid boxes and Plastic Products (Sole Estabiishment) headquartered in the United Arab Emirates - Dubai (without preferential benefits). 7- Voting on the Board of Directors’ decision to appoint (Ahmed bin Abdulrahman bin Abdulaziz Al Mohsen) as an (independent) member of the Board of Directors, starting from the date of his appointment on 07/01/2025 AD, to complete the Board’s term until the end of the current term on 01/07/2026 AD, succeeding the former member (Abdullah bin Hamad bin Muhammad Al Rabie), an (independent) member . 8- Voting to discharge the members of the Board of Directors from liability for the fiscal year ending December 31, 2024 9- Voting on the disbursement of an amount of (1,190,000) riyals as remuneration to members of the Board of Directors for the fiscal year ending December 31, 2024 10- Voting to authorize the Board of Directors to distribute interim, semi-annual dividends 11- Voting on the Board of Directors’ recommendation to approve the transfer of the statutory reserve balance to retained earnings, amounting to SAR 11,663,574, according to the company’s financial statements as of December 31, 2024 |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics included on the general assembly's agenda and ask questions. Shareholders can vote remotely on the general assembly's agenda through the electronic voting service by visiting Tadawulaty's website www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote electronically remotely on the items of the Extraordinary General Assembly starting from 01:00 AM on Tuesday 02/12/1446 corresponding to 05/29/2025 , until the end of the assembly meeting time. Registration and voting in Tadawulaty service will be available and free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | Phone: 920028852 Ext. (146)
Email: [email protected] |
| Attached Documents | |
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