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Riyadh Steel Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Riyadh Steel Company are pleased to invite its valued shareholders to participate and vote in the extraordinary general assembly meeting (first meeting), which is scheduled to be held, God willing, at 19:30 pm on Sunday 05/12/1446 AH corresponding to 01/6/2025 AD, which will be held through modern technology |
| City and Location of the General Assembly's Meeting | Riyadh Steel Company HQ, Baghlaf Corner, 1st Floor, Office no: 35, (Using Tadawulaty system only). |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-01 Corresponding to 1446-12-05 |
| Time of the General Assembly’s Meeting | 19:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | The extraordinary general assembly meeting shall be deemed valid if attended by shareholders representing at least two-thirds of the company’s shares. If this quorum is not present in the first meeting, a second meeting will be held one hour after the designated time for the first meeting, and the second meeting shall be valid if attended by shareholders representing at least one-quarter of the company’s shares |
| General Assembly Meeting Agenda | Review and discuss the Board of Directors’ report for the fiscal year ending on December 31, 2024. • Vote on the auditors’ report for the fiscal year ending on December 31, 2024, after discussion. • Review and discuss the company’s financial statements for the fiscal year ending on December 31, 2024. • Vote on the discharge of the Board of Directors for the fiscal year ending on December 31, 2024. • Vote on the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee to examine, review, and audit the financial statements for the second, third, and annual quarters of the fiscal year 2025, as well as the first quarter of the fiscal year 2026, and determine their fees. • Vote on the Board of Directors’ decision to appoint Mr. Reda Tobar as an independent member of the Board of Directors starting from his appointment date on March 20, 2025, to complete the Board’s term until the current term ends on January 17, 2027, replacing the previous member, Mr. Sultan Al-Qusair – Independent Member. • Vote on the Board of Directors’ decision to appoint Mr. Farih bin Abdullah bin Ateeq Al-Shammari as an independent member of the Board of Directors starting from his appointment date on April 27, 2025, to complete the Board’s term until the current term ends on January 17, 2027, replacing the previous member, Mr. Ahmed bin Abdul Karim Al-Nafea – Independent Member. • Vote on the Board of Directors’ decision to appoint Mr. Abdullah bin Mohammed bin Abdullah Al-Saif as an independent member of the Board of Directors starting from his appointment date on April 27, 2025, to complete the Board’s term until the current term ends on January 17, 2027, replacing the previous member, Mr. Mohammed bin Abdullah Al-Saif – Independent Member. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. Shareholders can vote remotely on the General Assembly Meeting’s agenda via (E-voting Service) of Tadawulaty, by clicking on the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders have the right to discuss the topics listed in the agenda of the General Assembly and raise relevant questions and inquiries. The company assures to all its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 1:00 am on Wednesday 1/12/1446 (28/05/2025) until the end of the assembly time. Registration and voting for Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiries, please contact the Investor Relations Department via: Phone: 00966112694804 Email: finance@riyadhsteel.com.sa |
| Additional Information | N/A |
| 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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