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Red Sea International Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
4230
RED SEA
-1.40
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1447/02/13 07/08/2025 15:57:54
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Red Sea International Company is pleased to invite the shareholders to attend and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to take place at 20:30 p.m. on Sunday, 8 Rabi’ al-Awwal 1447H (corresponding to 31 August 2025G), by means of modern technology. |
| City and Location of the General Assembly's Meeting | Through the use of Modern Technology from the Company's Headquarter in Riyadh. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-08-31 Corresponding to 1447-03-08 |
| Time of the General Assembly’s Meeting | 20:30 |
| 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 | In accordance with Article 33 of the Company’s bylaws, the Ordinary General Meeting shall be valid only if attended by shareholders representing at least 25.0 per cent. of the share capital. In the event of the failure to meet the quorum at this meeting, a second meeting will be held within one hour of the scheduled time for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | Voting on the significant transaction of The Fundamental Installation for Electric Work Company, a subsidiary that is 51.0 per cent. owned by Red Sea International Company. The other shareholders of The Fundamental Installation for The Electric Work Company propose to offer twelve million (12,000,000) ordinary shares of The Fundamental Installation for Electric Work Company (representing 30.0 per cent. of its share capital) through an initial public offering on the Exchange. Red Sea International Company will not sell any of its shares in The Fundamental Installation for Electric Work Company in connection with the offering and will retain 51.0 per cent. of the share capital of The Fundamental Installation for Electric Work Company. (Attached is a copy of the shareholders’ circular). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The Shareholder has the right to discuss the items stated in the meeting Agenda, and to direct questions and all Shareholders registered on Tadawulaty website has the right to vote on the meeting Agenda Items (electronic voting) through (www.tadawulaty.com.sa). |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who registered in Tadawulaty services will be able to vote electronically and remotely on the agenda items of the association starting at 1:00 a.m. on Wednesday, 4 Rabi’ al-Awwal 1447H (corresponding to 27 August 2025G) until the end of the assembly time, and the registration and voting in the Tadawulaty services available free of charge to all shareholders by using the following link (www.tadawulaty.com.sa). |
| Method of Communication in Case of Any Enquiries | In case of any inquiries, you can communicate with Shareholder Relations through: Phone: 0115206767 Email: compliance@redseaintl.com |
| Additional Information | [the shareholders’ circular] |
| 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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