Mohammed Hasan AlNaqool Sons Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting) via modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mohammed Hassan Al-Naqool Sons Company is pleased to invite shareholders to participate and vote in the Extraordinary General Assembly Meeting of the Company (First Meeting) scheduled to be held, God willing, at 6:30 PM on Wednesday, December 10, 2025, via modern technology. |
| City and Location of the General Assembly's Meeting | The company's main center is in Dammam - using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-12-10 Corresponding to 1447-06-19 |
| Time of the General Assembly’s Meeting | 18:30 |
| 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 issuer’s shareholder register at the Depository Center at the end of the trading session preceding the Extraordinary General Assembly meeting, in accordance with the regulations and bylaws. The right to register attendance for the Assembly meeting ends at the time of the Assembly meeting, and the right to vote on the Assembly items for those present ends when the counting committee finishes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | An extraordinary general meeting shall be valid in accordance with the provisions of Article 27 of the company’s articles of association if shareholders representing at least half of the capital are present. If the quorum required to hold this meeting is not met, a second meeting shall be held one hour after the end of the time specified for holding the first meeting. The second meeting shall be valid if shareholders representing at least a quarter of the capital are present. |
| General Assembly Meeting Agenda | 1. Voting on the election of Board members from among the candidates for the upcoming term, commencing on December 15, 2025, and lasting for four years, ending on December 14, 2029 (Candidates' CVs attached).
2. Voting on amending the Audit Committee's Rules of Procedure (attached).
3. Voting on appointing an auditor for the company from among the candidates, based on the Audit Committee's recommendation, to examine, review, and audit the financial statements for the first, second, and third quarters and the full year of fiscal year 2026, and the first quarter of fiscal year 2027, and to determine their fees (attached).
4. Voting on transferring the statutory reserve balance of SAR 2,643,206 as of the interim financial statements ending June 30, 2025, to retained earnings.
5. Voting on the Board of Directors' decision to appoint Mr. Hatem Hamza Ali Al-Shallali as a member of the Board of Directors, replacing the resigning member, Mr. Saad Rashid Maneh Al-Shabrami (CV attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics on the General Assembly's agenda and direct related questions to the Board of Directors. Registration and voting through Tadawulaty services are available free of charge to all shareholders via the following link:
https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered with the Tadawulaty service can vote electronically and remotely on the items of the General Assembly starting from 01:00 AM on Sunday, 07/12/2025 AD until the end of the time of the General Assembly meeting. Registration and voting in the 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 | If you have any questions, we hope to contact the Shareholder Relations Department
Phone: 8001010990 Email: [email protected] God bless, |
| Attached Documents | |
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