Type of general assembly meeting: Extraordinary
Number of times the General Assembly meeting called: First Meeting
Announcement title: Mulkia Investment Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( First Meeting )
introduction: The Board of Directors of Mulkia Investment Company is pleased to invite the esteemed shareholders to attend and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held via modern technology means at 18:30 on Tuesday 15/07/2025 G corresponding to 20/01/1447 H
City and location of the General Assembly: The company’s headquarters in Riyadh City (via Modern Technology means)
Meeting link: https://login.tadawulaty.com.sa/
Date of the General Assembly: 15-07-2025
General Assembly meeting time (24-hour format): 18:30
How the General Assembly held: via Modern Technology means The right to attend, the right to register, and the end of voting: 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.
The quorum required for the assembly to be held: The extraordinary General meeting will be quorum by the attendance of at least 50% of the company shares, if quorum is not completed in the first meeting, the second meeting will be held one hour after the specified time of the first meeting, and the second meeting will be considered valid if attended by shareholders who represent at least 25% of the capital.
Assembly agenda:
- Voting on the Board of Directors’ recommendation regarding increasing the company’s capital through the issuance of bonus shares to the shareholders as follows:
– The total amount of capital increase: SAR 13,000,000.
– Capital before the increase: SAR 65,000,000.
– Capital after the increase: SAR 78,000,000.
– Increase rate: 20%.
– Shares before the increase: 6,500,000 shares.
– Shares after the increase: 7,800,000 shares.
– Coverage method: Capitalizing SAR 13,000,000 from the retained earnings.
– Increase ratio per share: One free share granted for each five shares owned.
– Reasons for the increase: The increase aims to strengthen the company’s financial position in line with the company’s future aspirations, and enable it to implement growth plans, and maximize return for shareholders.
– Amending Article No. (7) Of the company’s bylaws related to (Capital) Attached.
– Amending Article No. (8) Of the company’s bylaws related to (Share Subscription) Attached.
If approved, the entitlement date for the bonus shares will be on the date of the extraordinary general assembly for shareholders registered in the company’s shareholder registry at the securities depository center (Edaa) at the end of the second trading day following the entitlement date.
In case of fractional shares, they will be pooled into one portfolio for all shareholders, sold at market price, and the proceeds distributed to the eligible shareholders proportionally within 30 days from the date the shares due to each shareholder are determined.
The shareholder’s right to discuss topics on agenda, ask questions, and how to vote: 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: Shareholders can vote remotely at the Extraordinary General Assembly Meeting agenda via the free E-voting services on Tadawulaty website (https://login.tadawulaty.com.sa), starting from Friday 11/07/2025 G pursuant to 16/01/1447 H 01:00 AM, until the end of the General Assembly.
How to contact if you have any inquiries: For more information or inquiries, please contact us through the following:
Tele: +966 800 119 9992
Email: sr@mulkia.com.sa