Type of general assembly meeting: Extraordinary
Number of times the General Assembly meeting called: First Meeting
Introduction: Mulkia Investment Company announces the results of the Extraordinary General Assembly Meeting which included increasing the company’s capital (first meeting)
City and location of the General Assembly: The company’s headquarters in Riyadh City (via Modern Technology means)
Date of the General Assembly: 15 July 2025G / 20 Muharram 1447 H
General Assembly meeting time (24-hour format): 18:30
Percentage of Attending Shareholders: 59.64%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees: The following Board members attended the meeting:
1- Mr. Ibrahim Mohammed Alhudaithi (Chairman)
2- Mr. Sultan Mohammed Alhudaithi (Vice Chairman & Managing Director)
3- Mr. Mutlaq Mohammed Almutlaq (Board Member)
4- Mr. Majed Suliman Alnafie (Board Member)
5- Mr. Mazen Abdulaziz Al Rashid Alhumaid (Board Member)
6- Mr. Ziad Bandar Alyousef (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- Mr. Nasser Abdullah Al-Awfi (Chairman of the Audit Committee)
2- Mr. Sultan Mohammed Alhudaithi (Chairman of the Investment Committee)
3- Mr. Mazen Abdulaziz Al Rashid Alhumaid (Chairman of Nominations and Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s:
1- Approval of 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.
– Approval of Amending Article No. (7) Of the company’s bylaws related to (Capital) Attached.
– Approval of Amending Article No. (8) Of the company’s bylaws related to (Share Subscription) Attached.
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.