Al Kuzama Trading Company. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | Al Kuzama Trading Company. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting), which was held at 19:30 on Thursday, 15/05/1447 corresponding to 06/11/2025, at the company’s headquarters located in Riyadh, Al-Wadi District, Northern Ring Road, via modern technological means (remotely) after the quorum required for the validity of the meeting was achieved. |
| City and Location of the General Assembly's Meeting | The company’s headquarters located in Riyadh, Al-Wadi District, Northern Ring Road, via modern technological means (remotely) |
| Date of the General Assembly's Meeting | 2025-11-06 Corresponding to 1447-05-15 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 86.62% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members of the Board of Directors attended the meeting:
1- Mr. Ali Mubarak Al-Dosari,-The Chairman of the Board 2- Mr. Khalid Ali Mohammed Al-Huqbani – Vice Chairman of the Board. 3- Mr. Abdullah Abdulrahman Mohammed Al-Huqbani – Board Member and Chief Executive Officer. 4- Mr. Meshal Nasser Abdulrahman Al-Shubaib – Board Member. 5-Mr. Mohammed Talal Mohammed Arab- Board Member. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1- Ms. Jawaher Abdullah Al-Sahli – Chairperson of the Audit Committee.
2- Mr. Ibrahim Fikry Bedair– Member of the Audit Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Item (1): Approval to sell the company-owned property located in the Al-Masfa neighborhood, with an area of 5000 square meters, and registered under deed number 560002675238 dated 18-02-1447 AH.
Item (2): Approval to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending 31-12-2025 AD.
Item (3): Approval of the Board of Directors' recommendation to distribute cash dividends of (5,400,000) five million four hundred thousand riyals to shareholders for the first half of the fiscal year 2025, at a rate of (1.369) riyals per share and a percentage of (13.69%) of the capital. Eligibility will be for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center (Edaa). Dividend payments will commence on Tuesday, November 18, 2025, through the payment agent - Securities Depository Center Company (Edaa). Any shareholder experiencing difficulties with depositing the funds into their account may contact the payment agent - Securities Depository Center. Item (4): Approval of the Board of Directors' recommendation to amend the use of the proceeds from the offering and reallocate the portion related to the construction and equipping of the plant, amounting to twenty million riyals (20,000,000), to be used for: 1- Equipping the central plant; 2- Expanding the company's commercial operations.
Item (5): Approval of amending Article Four of the company's Articles of Association related to (the company's objectives).
Item (6): Approval of deleting Article Eight of the company's Articles of Association related to (the shareholders' register). Item (7): Approval of amending Article Nine of the company's Articles of Association related to (trading of shares). Item (8): Approval of adding an article to the company's Articles of Association related to (the company's purchase, sale, or pledging of its own shares).
Item (9): Approval of adding an article to the company's Articles of Association related to (share transfer).
Item (10): Approval of adding an article to the company's Articles of Association related to (debt instruments and financing instruments). Item (11): Approval to add an article to the company's Articles of Association relating to (profit distribution).
Item (12): Approval to delete Article Thirty-One of the company's Articles of Association relating to (issuing General Assembly resolutions by circulation). |
| Additional Information | We would like to inform shareholders that we are in the process of contracting with a payment agent (one of the local banks) and will announce this later if the current payment agent is changed. |
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