| Element List | Explanation |
| Introduction | The Board of Directors of Riyadh Development Company is pleased to invite its honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held via Virtual Meetings Solutions, at exactly 08:30 PM eight thirty in the evening on Sunday 10 Shawwal 1444 AH corresponding to April 30, 2023. |
| City and Location of the General Assembly’s Meeting | The company’s main headquarters in Riyadh – Al-Dirah district – King Fahd Road – Riyadh by means of modern technology. |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2023-04-30 Corresponding to 1444-10-10 |
| Time of the General Assembly’s Meeting | 20:30 |
| Attendance Eligibility | Each shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the assembly meeting has the right to register to attend and vote at the assembly meeting, according to the rules and regulations. The contributor is also entitled to discuss topics and ask questions |
| Quorum for Convening the General Assembly’s Meeting | According to Article 30 of the Company’s Articles of Association, the Ordinary General Assembly meeting is valid if attended by shareholders representing at least a quarter of the capital, and if the mandatory quorum for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting is valid Whatever the number of shares represented in it. |
| General Assembly Meeting Agenda | 1.Reviewing and discussing the report of the Board of Directors for the fiscal year ending on 12/31/2022. 2.To vote on the company’s auditor’s report for the fiscal year ending 12/31/2022. 3.Reviewing and discussing the financial statements for the fiscal year ending 12/31/2022. 4.To vote on appointing the company’s auditor from the candidates based on the recommendation of the Audit Committee; This is to examine, review and audit the financial statements for the (second, third quarters of 2023) and annual for the fiscal year 2023, and the first quarter of the fiscal year 2024, and determine the fees. 5.Voting the members of the Board of Directors acquittance from liability for the fiscal year ending 12/31/2022. 6.To vote on disbursing an amount of SAR 1,800,000 as a reward for members of the Board of Directors for the fiscal year ending 12/31/2022. 7.To vote on the Board of Directors’ decision to distribute cash dividends during the first half of the year 2022 of SAR 44,444,444.25, indicating (25) Halalas per share, which represents (2.5%) of the nominal value of one share. 8.To vote on the Board of Directors’ recommendation to distribute cash dividends to shareholders for the second half of the year 2022 of SAR 44,444,444.25, indicating (25) Halalas per share, which represents (2.5%) of the nominal value of one share, provided that the eligibility is for the shareholders who own the shares at the end of trading on the day of the General Assembly meeting and those registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, and the date of dividend distribution will be announced later. 9.To vote on authorizing the Board of Directors to distribute interim profits on a semi-annual/quarterly basis for the fiscal year 2023. |
| Proxy Form | |
| E-Vote | Note that shareholders registered in Tadawulaty services will be able to vote remotely on the items of the assembly, starting from one o’clock in the morning on Wednesday 6 Shawwal 1444 AH, corresponding to April 26, 2023, AD, until the end of the time of the assembly. Registration and voting in Tadawulaty services will be available and free for all shareholders using the following link: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes. |
| Method of Communication | In the event of an inquiry, kindly contact the Shareholders Relations Department: Phone: +966114110333 ext. 1103 Email: [email protected] |
| Attached Documents | Download 1 Download 2 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
