Natural Gas Distribution Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Natural Gas Distribution Company is pleased to invite shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), which is scheduled to be held, God willing, at 7:00 PM on 12/22/1446 AH corresponding to 06/18/2025 AD. |
| City and Location of the General Assembly's Meeting | In the city of Riyadh - the company's headquarters - through modern technological means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-18 Corresponding to 1446-12-22 |
| Time of the General Assembly’s Meeting | 19:00 |
| 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 ordinary general assembly meeting shall be valid if attended by shareholders representing at least a quarter of the capital. If the quorum required to hold this meeting is not available, a second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid regardless of the number of shares represented in it, in accordance with the company’s articles of association. |
| General Assembly Meeting Agenda | - Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024.
- Review and discuss the financial statements for the fiscal year ending December 31, 2024. - Vote on the company's auditors' report for the fiscal year ending December 31, 2024, after discussing it. - Vote on the Board of Directors' recommendation to distribute cash dividends to shareholders for the year 2024, amounting to SAR 2,500,000, at SAR 0.50 per share, representing 5% of the company's capital of SAR 50,000,000. Eligibility is granted to shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the company's shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date. Dividends are to be distributed within 15 business days from the due date. That is, dividends will be distributed on July 7, 2025. - Vote 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 fiscal year 2025, and determine their fees. - Vote on absolving the members of the Board of Directors from liability for fiscal year 2024. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the topics included in the General Assembly's agenda and direct questions to the Board of Directors. Voting on Tadawulaty services is available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Dear shareholders registered on the Tadawulati electronic services website can vote remotely on the items of the General Assembly meeting starting from 1:00 AM on Saturday 12/22/1446 AH corresponding to 06/18/2025 AD, until the end of the assembly meeting time. Please note that registration and voting on Tadawulati services are available free of charge to all shareholders using the following link:
www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive questions and inquiries from our esteemed shareholders regarding the meeting’s items and answer them through the following means of communication:
Shareholder relations management Tel: 920012465 ext. 222 Email: [email protected] |
| Attached Documents |
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