Saleh Abdulaziz Al Rashed and Sons Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saleh Abdulaziz Al-Rashed & Sons Company ( Saleh Al-Rashed ) is pleased to invite its shareholders to attend the Ordinary General Assembly meeting (First meeting), which is scheduled at 6:30 PM (18:30) on Monday, dated 18/10/1447 AH (corresponding to 06/04/2026 G) , using modern technology means. |
| City and Location of the General Assembly's Meeting | The Ordinary General Assembly will be held via modern technology means through the Tadawulaty link. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-04-06 Corresponding to 1447-10-18 |
| 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 | 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 (41) of Saleh AlRashed bylaws The Ordinary General Meeting shall be valid only if attended by shareholders representing at least one quarter of the Company’s voting rights. In case of non-completion of the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting. The second meeting shall be valid regardless of the number of shares with voting rights represented in it. |
| General Assembly Meeting Agenda | 1. Voting on the Board of Directors' recommendation either to continue the operations of SAR New Mount JV Mining Company or to liquidate it. It is a subsidiary company where the company directly owns 70.0% of its capital and is indirectly owned through Newmont Mining Company by 30.0% of its capital, which amounts to one hundred thousand (100,000) Saudi Riyals. The company operates in mining and quarry exploitation. For more details about SAR New Mount JV Mining Company, please refer to Annexes (A) and (B) below.
2. Voting on the Board of Directors' recommendation either to continue the operations of Newmont Mining Company or to liquidate it. It is a currently active subsidiary company in which the company invested 49.0% of its capital, and Rasek Investment Company owns the remaining 51.0%. Newmont Mining Company was established for the purpose of obtaining silica licenses and exploring Category (A) minerals. The purchase price paid by the company amounted to four million nine hundred and fifty thousand (4,950,000) Saudi Riyals and was financed from the company's own sources without resorting to any loans or credit facilities. For more details about Newmont Mining Company, please refer to Annexes (A) and (B) below.
3. Voting on the Board of Directors' recommendation either to continue the operations of Tamouh Al-Qimma Mining Company or to liquidate it. It is an active subsidiary company in which the company owns its share directly and indirectly (through Joudat Al-Sokhok Mining Company - one of the company's subsidiaries), investing 99.0% of its capital while Joudat Al-Sokhok Mining Company owns the remaining 1.0%. Tamouh Al-Qimma Mining Company was established to obtain a crushers materials license in the Eastern Province of the Kingdom of Saudi Arabia. The purchase price paid by the company amounted to one million one hundred and fifty thousand (1,150,000) Saudi Riyals, funded from the company's own sources without any loans or credit facilities. For more details about Tamouh Al-Qimma Mining, please refer to Annexes (A) and (B) below.
4. Voting on the Board of Directors' recommendation either to continue the operations of AKM Industries for Development and Industrial Investment ("AKM") or to liquidate it. It is a significant subsidiary company in which the company invested 51.0% of its capital amounting to thirty-five million (35,000,000) Saudi Riyals in November 2025, while Mohammed Othman Barjas Al-Abdulkarim owns the remaining 49.0%. The financing was from the company's own sources without any loans or credit facilities. AKM was established to operate in the field of building materials (ready-mix concrete). For more details about AKM, please refer to Annexes (A) and (B) below. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss matters listed in the agenda of the General Assembly and raise relevant questions, Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through Tadawulaty www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Our esteemed Shareholders can remotely vote on the General Assembly Meeting’s agenda via (E-voting service), through TADAWULATY www.tadawulaty.com.sa, Please note that registration in TADAWULATY service and voting is provided free of charge to all shareholders. The remote voting will start from 01:00AM on Thursday, Shawwal 14, 1447H, corresponding to April 2, 2026, and the voting will end upon the concluding counting committee sorting the Votes. |
| Method of Communication in Case of Any Enquiries | If there are any inquiries, please contact Investor Relations dept. during official working hours:
• During Ramadan: from 10:00 AM to 04:00 PM. • During other times: from 08:00 AM to 05:00 PM. Via email: [email protected] Or by phone numbers: 0114952423 / 0114951539 Extension 180 |
| Attached Documents | |
Comments