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 2026G / 01 Safar 1448 H
General Assembly meeting time (24-hour format): 18:30
Percentage of Attending Shareholders: 63.15%
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. Mazen Abdulaziz Al Rashid Alhumaid (Board Member)
5- Mr. Ziad Bandar Alyousef (Board Member)
Mr. Majed Suliman Alnafie (Board Member) apologized for not attending
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. Sultan Mohammed Alhudaithi (Chairman of Investment Committee)
2- Mr. Mazen Abdulaziz Al Rashid Alhumaid (Chairman of Nominations and Remuneration Committee)
3- Mr. Mutlaq Mohammed Almutlaq (Member of Audit 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 12,000,000.
– Capital before the increase: SAR 78,000,000.
– Capital after the increase: SAR 90,000,000.
– Increase rate: 15.38%.
– Shares before the increase: 7,800,000 shares.
– Shares after the increase: 9,000,000 shares.
– Coverage method: Capitalizing SAR 12,000,000 from the retained earnings.
– Increase ratio per share: One free share granted for each 6.5 shares owned.
– Reasons for the increase: The increase aims to continuation 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)
– Amending Article No. (8) Of the company’s bylaws related to (Share Subscription)
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.
2- Approval of the establishment of the Company’s employee stock program, and authorizing the Board of Directors to determine the terms and details of the program