Nayifat Finance Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Nayifat Finance Company is pleased to invite its shareholders to participate and vote in the Extraordinary General Assembly Meeting, which is scheduled to be held, at 07:00 PM on Sunday 11-05-1447H, corresponding to 02-11-2025G, (Remotely) via modern technology means. |
| City and Location of the General Assembly's Meeting | At the company's headquarters in Riyadh, via modern technology means (Remotely) using the Tadawulaty system. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-11-02 Corresponding to 1447-05-11 |
| 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 | According to Article (26) of the Company's Articles of Association, the Extraordinary general assembly meeting shall not be valid unless attended by shareholders representing at least half of the shares of the company that has voting rights, and if this quorum is not available in the first meeting, a second meeting shall be held an hour after the end of the period specified for the first meeting, and the second meeting shall not be valid unless attended by shareholders representing at least one quarter of the shares of the company that has voting rights. |
| General Assembly Meeting Agenda | 1- Voting on the amendment of Article (12) of the company's articles of association, related to (Company Management), by reducing the number of members from (8) to (6) members. (Attachment)
2- Voting on the election of board members from among the candidates for the upcoming term, which will start on 03-11-2025 for three years, ending on 02-11-2028, according to the result of item number (1). (Attached are the candidates' CVs) 3- Voting on authorizing the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the fiscal year 2026. 4- Voting on authorizing the elected Board of Directors with the powers granted to the Ordinary General Assembly under paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the term of the authorized Board of Directors, whichever comes first, in accordance with the conditions set forth in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders present have the right to discuss topics on the agenda and ask questions. Shareholders registered in Tadawulaty services can vote remotely on the items of the General Assembly through the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote electronically remotely on the agenda of the General Assembly through the (Electronic Voting) service, which will start from one o'clock in the morning on Thursday 08-05-1447H corresponding to 30-10-2025G, until the end of the General Assembly time, noting that registration and voting in Tadawulaty services is available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiry, shareholders can contact the company's shareholder relations via the email shown below:
[email protected] Or call the toll-free number: 8001000088, on transfers (2050 or 2042) |
| Additional Information | 1- We inform our esteemed shareholders that voting on item (2) for selecting members of the Board of Directors for the upcoming term from among the candidates is conditional upon approval of item (1) concerning the amendment of the articles of association to reduce the number of members from (8) to (6). In the event that the Extraordinary General Assembly does not approve item (1), voting will be for (8) members for the upcoming term of the Board.
2- Voting on the second item will be conducted using the cumulative voting mechanism. In the event that the voting results show that Nayifat Financing Company fails to meet the minimum required number of independent members on the board according to regulatory requirements, independent members will replace non-independent members based on the number of votes each received. |
| Attached Documents | |
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