Al Kuzama Trading Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)Through modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Khuzam Trading Company is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which is scheduled to be held via modern technology, God willing, at 7:30 PM on Thursday, 05/15/1447 AH corresponding to 11/06/2025 AD. |
| City and Location of the General Assembly's Meeting | At the company’s main headquarters located in Riyadh, Al-Wadi District, Northern Ring Road, through modern technological means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-11-06 Corresponding to 1447-05-15 |
| 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 | The right to attend is 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 ends at the time the general assembly meeting is held, and the right to vote on the general assembly’s items for those present ends when the counting committee finishes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | An extraordinary general assembly meeting shall be valid if attended by shareholders representing at least half of the company's voting shares. If the quorum required for holding this meeting is not present, a second meeting shall be held one hour after the expiry of the time specified for holding the first meeting. The second meeting shall be valid if attended by a number of shareholders representing a quarter of the company's voting shares. |
| General Assembly Meeting Agenda | 1- Vote on the sale of the company-owned property located in the refinery district, with an area of 5,000 square meters, under deed number 560002675238 dated 02/18/1447.
2- Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending 12/31/2025 (subject to approval of Clause 11, relating to dividend distribution). 3- Voting on the Board of Directors' recommendation to distribute cash dividends amounting to (5,400,000) five million and four hundred thousand riyals to shareholders for the first half of the fiscal year 2025 AD, at a rate of (1,369) riyals per share, representing (13.69%) of the capital. The eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and are registered in the company's shareholders' register at the Securities Depository Center (Edaa Center). Dividends will be disbursed by transferring them to the accounts linked to the portfolios of eligible shareholders, starting Tuesday, November 18, 2025 AD, through the payment agent - the Securities Depository Center Company (Edaa). Any shareholder who fails to make a deposit in his account may contact the payment agent - the Securities Depository Center (Edaa Center). (This is in the event that Article Eleven, related to the distribution of dividends, is approved.) 4- Voting on the Board of Directors' recommendation to amend the use of the offering proceeds and redefine the use of the portion related to construction and manufacturing, amounting to twenty million riyals (20,000,000), to be used for: 1- equipping the central factory; 2- expanding the company's business operations. (Attached) 5- Voting on amending Article 4 of the Company's Bylaws related to (Company Objectives). (Attached) 6- Voting on deleting Article 8 of the Company's Bylaws related to (Shareholders' Register) (Attached) 7- Voting on amending Article 9 of the Company's Bylaws related to (Share Trading) (Attached) 8- Voting on adding an article to the Company's Bylaws related to (the company's purchase, sale, or mortgage of its shares). (Attached) 9- Voting on adding an article to the Company's Bylaws related to (Share Transfer). (Attached) 10- Voting on adding an article to the Company's Bylaws related to (Debt Instruments and Financing Sukuk). (Attached) 11- Voting on adding an article to the company's bylaws related to (profit distribution). (Attached) 12- Voting on deleting Article Thirty-One of the company's bylaws related to (issuing general assembly resolutions by circulation). (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 Ordinary 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 agenda starting from 1:00 AM on Saturday, 05/10/1447 AH corresponding to 11/01/2025 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 happy to receive your inquiries by contacting Shareholder Relations via the following communication methods:
Phone: 0112304104 Email: [email protected] |
| Additional Information | nothing |
| Attached Documents | |
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