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Leen Alkhair Trading Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Increase ( First Meeting )

9555
LEEN ALKHAIR
-3.29 %
1445/03/16     01/10/2023 15:46:22

Element ListExplanation
Introduction The Board of Directors of Leen Al Khair Trading Company is pleased to invite our honorable shareholders to participate and vote in the extraordinary general assembly meeting that includes increasing the company’s capital (the first meeting), which is scheduled to be held through modern means of purification, God Almighty willing, at exactly (19:00) on Wednesday, 10 /04/1445 AH corresponding to 10/25/2023 AD
City and Location of the Extraordinary General Assembly's Meeting At the company’s main headquarters located on King Fahd Road - in Al Tamimi Complex - opposite the Al Faisaliah Building - through modern technological means.
URL for the Meeting Location http://www.tadawulaty.com.sa
Date of the Extraordinary General Assembly's Meeting 2023-10-25 Corresponding to 1445-04-10
Time of the Extraordinary General Assembly's Meeting 19:00
Attendance Eligibility Shareholders registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the General Assembly meeting attend the Assembly meeting in accordance with the rules and regulations. The shareholder also has the right to discuss the topics listed on the Assembly agenda and ask questions.
Quorum for Convening the General Assembly's Meeting According to Article (35) of the company’s bylaws, the extraordinary general assembly meeting will not be valid unless it is attended by shareholders representing at least half of the company’s shares that have voting rights. If this quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the meeting. The first meeting. In all cases, the second meeting is considered valid if it is attended by a number of shareholders representing at least a quarter of the company’s shares that have voting rights.
Meeting Agenda 1- Vote on the Board of Directors’ recommendation regarding increasing the company’s capital by granting free shares to the company’s shareholders according to the following:

• The capital before the increase is (40,797,800) forty million seven hundred and ninety-seven thousand and eight hundred Saudi riyals, and after the increase the amount is (81,595,600) eighty-one million five hundred and ninety-five thousand and six hundred Saudi riyals.

• Percentage of capital increase: 100%

• The number of shares before the increase was (4,079,780) four million and seventy-nine thousand seven hundred and eighty shares, and after the increase the number was (8,159,560) eight million one hundred and fifty-nine thousand five hundred and sixty shares.

• Method of covering the increase: by capitalizing an amount of (40,797,800) forty million seven hundred and ninety-seven thousand and eight hundred Saudi riyals from the retained earnings account.

• Increase rate per share: One (1) free share is granted to every shareholder who owns (1) share

• Reasons for the increase: enhancing the strategic growth plan, future expansion needs and aspirations, and emphasizing its financial solvency and the strength of its financial position.

If the clause is approved, the eligibility date for the bonus shares will be for the company’s shareholders who own the shares on the day of the extraordinary general assembly and are registered in the company’s shareholder registry with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the entitlement date.

In the event that there are fractional shares, they will be collected in one portfolio for all shareholders, sold at the market price, and then their value distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares owed to each shareholder.

• Amending Article (7) of the company’s bylaws related to capital. (attached)

• Amending Article (8) of the company’s bylaws related to subscription to shares. (attached)

2- Vote on amending Article (3) of the company’s bylaws, which relates to the company’s purposes. (attached)

3- Voting on adding an article to the company’s bylaws No. (12) related to (the company’s purchase, sale, and mortgage of its shares) (attached)

4- Vote on amending the company’s bylaws to comply with the new corporate system (attached)

Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items starting at 1:00 AM on Saturday 04/06/1445 AH corresponding to 10/21/2023 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulati services will be available and free to all shareholders using Next link:

www.tadawulaty.com.sa

Eligibility for Attendance Registration and Voting The right to register attendance for the meeting ends at the time of the association’s meeting, and the right to vote on the association’s items for attendees ends when the sorting committee finishes counting the votes.
Method of Communication If there are any inquiries, please contact us via email

info@leenalkhair.com or contact: +966112136119

Attached Documents        

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.

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Key Parameters
Last Price 25.0
Net Change -0.85 (-3.29%)
Value Traded (Sar) 25,722.56
Volume Traded 1,055
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