Ayyan Investment Company Announces its Invitation to Shareholders to attend the Extraordinary General Assembly Meeting, which includes Increasing the Company’s Capital (the First meeting) through Modern Technological means.

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1445/12/05     11/06/2024 15:59:39

Element ListExplanation
Introduction The Board of Directors of Ayyan Investment Company is pleased to invite its shareholders to participate and vote in the extraordinary general assembly meeting, which includes increasing the company’s capital (the first meeting) through modern technological means using the Tadawulaty system, which is scheduled to be held on Monday evening exactly at 6:30 PM (18 :30), dated 02-01-1446 H, corresponding to 08-07-2024 G.
City and Location of the Extraordinary General Assembly's Meeting Remotely, via modern technology
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2024-07-08 Corresponding to 1446-01-02
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Every shareholder registered in the company's shareholder registry with the Securities Depository Center Company (Edaa) at the end of the trading session preceding the assembly meeting has the right to attend, in accordance with the rules and regulations, and the right to register attendance for the assembly meeting ends at the time of the assembly meeting. The right to vote on the assembly’s items for those present ends when the screening committee finishes counting the votes.
Quorum for Convening the General Assembly's Meeting The validity of this meeting also requires the presence of a number of shareholders representing 50% of the capital. In the event that a quorum is not reached in this meeting, a second meeting will be held one hour after the time scheduled for the first meeting. The second meeting will be valid if it is attended by a number of shareholders representing 25% of the capital.
Meeting Agenda Item One : Vote on the Board of Directors’ recommendation to increase the capital by offering priority rights shares, in accordance with the following:

1. Company Capital Before Increase:

(SR.806,363,280) Saudi riyals eight hundred and six million three hundred and sixty-three thousand two hundred and eighty.

2. Company Capital After Increase:

(SR.1,006,363,280) Saudi riyals one billion six million three hundred and sixty-three thousand two hundred and eighty.

3. Percentages of Change in Capital:

24.80% of the company's capital.

4. Number of Company Shares Before the Increase:

(80,636,328 shares) Eighty million six hundred and thirty-six thousand three hundred and twenty-eight ordinary shares.

5. Number of Company Shares After the Increase:

(100,636,328 shares) one hundred million six hundred and thirty-six thousand three hundred and twenty-eight ordinary shares.

6. Reason for the Capital Increase: Purchasing medical devices and equipment for Al Salam Hospital, affiliated with Al Salam Medical Services Company (a subsidiary), paying the suppliers of the subsidiary companies (Al-Ahsa Medical Services Company and Al Salam Medical Services Company), and paying obligations owed by Al Salam Medical Services Company (a subsidiary). To financing parties and payment of operational expenses for Al Salam Medical Services Company (a subsidiary).

7. Method of Increasing Capital: offering and listing priority rights shares.

8. Increase Percentage for each shareholder: 24.80%

9. Total Amount of Increase: (SR.200,000,000) Saudi riyals two hundred million.

10. If the clause is approved, the eligibility will be for shareholders who own 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 date of the extraordinary general assembly.

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

Item Two : Vote on amending the Company’s Bylaws in accordance with the New Companies’ Bylaws. (attached).

Item Three: Vote on adding an Article to the Company’s bylaws numbered (Article Ten) related to (the company’s purchase, sale, and mortgage of its shares). (attached)

Item Four: Vote on Amending Article (Sixteen) of the Company’s bylaws, related to (company management). (attached)

Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The right to register attendance at the assembly meeting ends at the time of the assembly meeting. The right of attendees to vote on items on the assembly’s agenda ends when the counting committee finishes counting of votes.

The shareholder has the right to discuss topics on the assembly’s agenda and ask questions.

Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty services will be able to vote remotely on the assembly’s items starting from 1:00 AM on Thursday 28-12-1445 H corresponding to 04-07-2024 G, until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link. :

Method of Communication in Case of Any Enquiries In the event of any inquiries related to the assembly’s terms, kindly contact the Shareholder Relations Department on Tel.: 013-8822130 or by e-mail:
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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Last Price 17.6
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Value Traded (Sar) 7,797,728.52
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