The Board of Directors of the National Environmental Recycling Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( First Meeting ) via modern technology
| Element List | Explanation |
|---|---|
| Introduction | National Environmental Recycling Co. "Tadweeer" Board of Directors is pleased to invite its shareholders to participate and vote in the Extraordinary General Assembly meeting, which includes increasing the company capital through bonus shares - the first meeting - scheduled to be held via modern technology at (20:00) on Sunday, Jumada Al-Awwal 11, 1447 AH, corresponding to November 2, 2025 AD. |
| City and Location of the Extraordinary General Assembly's Meeting | The company's main headquarters is located in Riyadh - Al-Malqa' District – Wadi Waj Street, using modern technology. |
| 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 | 20:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend shall be for shareholders registered in the company’s shareholders’ register at the Depository Center at the end of the trading session preceding the general assembly meeting, in accordance with the rules and regulations. The right to register attendance at the general assembly meeting shall end at the time the general assembly meeting is held, and the right to vote on the general assembly’s items for those present shall end when the counting committee has finished counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (28) of the company’s articles of association, the extraordinary general assembly meeting shall not be valid unless it is attended by shareholders representing at least half of the company’s shares that have voting rights. If this quorum is not available at the first meeting, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting shall be considered valid if it is attended by a number of shareholders representing at least a quarter of the company’s shares that have voting rights. |
| Meeting Agenda | 1 Voting on the Board of Directors' recommendation to increase the company's capital by granting free shares to the company's shareholders according to the following:
a. Company Capital before the increase amounted to (116,160,000) one hundred and sixteen million and one hundred and sixty thousand Saudi riyals, and after the increase will be amounting to (232,320,00) Two hundred thirty-two million and three hundred twenty thousand Saudi riyals b. Percentage of increase in capital: 100% c. Number of shares before the increase (116,160,000) one hundred and sixteen million and one hundred and sixty thousand shares, and after the increase number (232,320,00) Two hundred thirty-two million and three hundred twenty thousand shares d. Method of covering the increase: By capitalizing an amount of (67,838,889) Saudi Riyals from the share premium balance, an amount of (47,743,261) Saudi Riyals from the retained earnings balance, and an amount of (577,850) from the statutory reserve balance. e. Increase rate per share: One (1) free share is granted to each shareholder who owns one (1) share f. Reasons for the increase: The reasons for the capital increase is strengthening the capital base of the Company
In the event that the item is approved, the date of entitlement to bonus shares for the company's shareholders who own shares on the day of the Extraordinary General Assembly meeting and are registered in the company's shareholders' register at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date
In the event of fractional shares, they will be collected in one portfolio for all shareholders, sold at the market price, and then their value will be distributed to the shareholders entitled to the bonus, each according to his share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder.
g- Voting on Amending Article Seven (7) of the company's bylaws related to capital (Attached)
h- Voting on Amending Article Eight (8) of the company's bylaws related to subscription to shares (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 agenda of the Extraordinary General Assembly and to ask questions. Voting in the Tadawulaty services is available free of charge to all shareholders using the following link: http://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 assembly’s items starting from 1:00 AM on Wednesday 07/05/1447 AH corresponding to 29/10/2025 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 | We are pleased to receive your inquiries by contacting Shareholder Relations via the following communication methods:
Phone: 0114856168 Email: [email protected] |
| Attached Documents | |
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