Type of general assembly meeting: Ordinary
Number of times the General Assembly meeting called: First Meeting
introduction: The Board of Directors of Mulkia Investment Company is pleased to invite the esteemed shareholders to attend and vote in the ordinary General Assembly meeting (the first meeting), which is scheduled to be held via modern technology means at 19:30 on Thursday 29/05/2025 corresponding to 02/12/1446 H
City and location of the General Assembly: The company’s headquarters in Riyadh City (via Modern Technology means)
Voting link: https://login.tadawulaty.com.sa/ir/user/login.xhtml
Meeting link: https://app.jameeah.com/meetings/
Date of the General Assembly: 29 May 2025G / 02 Dhu al-Hijjah 1446 H
General Assembly meeting time (24-hour format): 19:30
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 Ordinary General meeting will be quorum by the attendance of at least 25% 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 regardless of the number of shares represented in it.
Assembly agenda:
| 1. Review the financial statements for the financial year ending on 12/31/2024 and discussing it. (attached)
2. Vote on the auditor’s report for the financial year ending on 12/31/2024 after discussing it. 3. Review the Board of Directors’ report for the financial year ending on 12/31/2024 and discussing it. 4. Vote on discharging the members of the Board of Directors from their liabilities for the financial year ending on 12/31/2024. 5. Vote on disbursing an amount of 315,000 riyals as a reward to members of the Board of Directors for the fiscal year ending on 12/31/2024. 6. Voting on the business and contracts that took place between the company and the Mobtakra Real Estate Company, in which the member of the Board of Directors, Mr. Mohamed bin Ghanem Al-Anazi, has an indirect interest, which is the payment of commissions to the Mobtakra Real Estate Company. The value of the transaction during the year 2024 amounted to 112,500 (one hundred and twelve thousand and five hundred Saudi riyals) and there are no preferential conditions. (attached) 7. Vote on appointing an auditor from among the candidates, based on the recommendation of the Audit Committee, to review and audit the semi-annual and annual financial statements for the year 2025 and determine his fees. 8. Voting on the board of directors’ recommendation to distribute cash dividends to shareholders for the fiscal year 2024, amounting to SAR (16,250,000), at a rate (2.5 SAR) per share which represent 25% of the nominal value of each share. The entitlement will be for shareholders holding shares at the end of trading on the day of the General Assembly meeting dated 29/05/2025 and register in the company shareholder register at the securities depository center (Edaa) by the end of the second trading day following the entitlement date. The dividends date will be on Wednesday June 18, 2025 corresponding to 22/12/1446H. 9. Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi / quarterly basis for the fiscal year 2025. 10. Vote on delegating to the Board of Directors the authority of the General Assembly with the authorization contained in Paragraph No. (1) of Article No. (27) of the Companies Provisions System and in accordance with the conditions contained in the Executive Regulations of the Companies System for listed joint stock companies, provided that the authorization period is one year from the date Approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever comes first. |
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 Ordinary General Assembly Meeting agenda via the free E-voting services on Tadawulaty website (https://login.tadawulaty.com.sa), starting from Sunday 25/05/2025 G corresponding to 27/11/1446H 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