Alwasail Industrial Co. Board invites its shareholders to attend the 12th Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alwasail Industrial Co. is pleased to invite the honorable shareholders to participate and vote in the 12th extraordinary general assembly meeting (first meeting), which is scheduled to be held, at exactly 7:30 PM on Sunday 08-03-1447 AH corresponding to 08-31-2025 AD via modern technology. |
| City and Location of the General Assembly's Meeting | Company headquarters in Buraidah - via modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-08-31 Corresponding to 1447-03-08 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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 extraordinary general assembly meeting shall be valid if attended by shareholders representing at least half 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 if attended by shareholders representing at least a quarter of the capital. |
| General Assembly Meeting Agenda | 1. Vote on amending Article (4) of the Company's Articles of Association, relating to (Company Objectives). (Attached)
2. Vote on amending Article (15) of the Company's Articles of Association, relating to (Company Management). (Attached) 3. Vote on amending Article (39) of the Company's Articles of Association, relating to (Company Finances). (Attached) 4. Vote on amending the Audit Committee Bylaws (Attached) 5. Vote on amending the Conflict of Interest and Competition Standards Policy. (Attached) 6. Vote on amending the Board of Directors' Bylaws. (Attached) 7. Vote on amending the Stakeholder Relations Policy. (Attached) 8. Voting on the business and contracts concluded for the fiscal year ending 12/31/2024 between the company and (Construction Means Company Limited), in which the board member, Mr. Saleh Abdullah Al-Mushaiqeh, has a direct interest, and the board members have an indirect interest, as follows: (Dr. Abdulrahman Abdullah Al-Mushaiqeh, Mr. Nasser Abdullah Al-Mushaiqeh, Mr. Abdulaziz Abdullah Al-Mushaiqeh, and Mr. Abdulqader Abdullah Al-Mushaiqeh). These contracts are for (the supply of plastic materials) with a total transaction value of (7,607,747) riyals, for a period of one year, renewable annually (without preferential conditions). (Attached) 9. Voting on the business and contracts concluded for the fiscal year ending 12/31/2024 between the company and (Thaqeb Plastic Company), in which the board member, Mr. Saleh Abdullah Al-Mushaiqeh, has a direct interest, and the board members have an indirect interest, as follows: (Dr. Abdulrahman Abdullah Al-Mushaiqeh, Mr. Nasser Abdullah Al-Mushaiqeh, Mr. Abdulaziz Abdullah Al-Mushaiqeh, and Mr. Abdulqader Abdullah Al-Mushaiqeh), which are (crushed damaged plastic materials) with a total transaction amounting to (12,452,018) riyals, for a period of one year, renewable annually (without preferential conditions). (Attached) 10. Voting on the business and contracts concluded for the fiscal year ending 12/31/2024 between the company and (Board Member Mr. Saleh Abdullah Al-Mushaiqeh), in which he has a direct interest, and in which the other Board members have an indirect interest, as follows: (Dr. Abdulrahman Abdullah Al-Mushaiqeh, Mr. Nasser Abdullah Al-Mushaiqeh, Mr. Abdulaziz Abdullah Al-Mushaiqeh, and Mr. Abdulqader Abdullah Al-Mushaiqeh). This is a (warehouse lease contract) with a total transaction value of (206,644) riyals, for a period of one year, renewable annually (without preferential terms). (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the General Assembly agenda and direct questions related to the Assembly items to the members of the Board of Directors in accordance with the rules and regulations. Please note that registration and voting in Tadawulaty services are available and free to all shareholders using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote remotely on the assembly’s items starting from (1) a.m. on Thursday 05-03-1447 AH corresponding to 08-28-2025 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiries or questions regarding the agenda of the General Assembly, we hope to contact the Investor Relations,
Mr. Jalal Aljuraifani Mobile: 0537633346 Email: [email protected] |
| Attached Documents | |
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