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Mohammed Hadi Al-Rasheed & Partners Co. Invites Its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting), Including the Item of Capital Increase.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mohammed Hadi Al-Rasheed & Partners Co. is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which includes the item of increasing the company’s capital. The meeting is scheduled to be held, via modern technology, at 7:30 p.m. on Thursday, 13/06/1447H, corresponding to 04/12/2025G, God willing. |
| City and Location of the Extraordinary General Assembly's Meeting | At the company’s headquarters located in Riyadh City – Granada District – Dammam Road, via modern technology means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-12-04 Corresponding to 1447-06-13 |
| 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 | The right to attend the meeting shall be limited to the shareholders registered in the Company’s shareholders register at Edaa Center at the end of the trading session preceding the General Assembly Meeting, in accordance with the applicable rules and regulations. The eligibility for registering attendance at the meeting ends at the time of convening the General Assembly, and the right to vote on the agenda items of the Assembly for attendees shall end upon the completion of the vote counting by the sorting committee. |
| Quorum for Convening the General Assembly's Meeting | In accordance with Article (34) of the Company’s Articles of Association, the Extraordinary General Assembly Meeting shall not be valid unless attended by shareholders representing at least half of the Company’s voting shares. If this quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the period specified for convening the first meeting. In all cases, the second meeting shall be valid if attended by shareholders representing at least one-quarter of the Company’s voting shares. |
| Meeting Agenda | 1- Voting on the recommendation of the Board of Directors regarding the increase of the Company’s capital by granting free shares to the Company’s shareholders as follows: - Capital before the increase: SAR 120,000,000 - Capital after the increase: SAR 180,000,000 - Percentage of capital increase: 50% - Number of shares before the increase: 12,000,000 shares - Number of shares after the increase: 18,000,000 shares - Method of capital increase coverage: Through capitalization of an amount of SAR 60,000,000 from retained earnings. - Bonus share ratio: One (1) free share shall be granted for every two (2) owned shares. - Reasons for the increase: The capital increase aligns with the Company’s strategy consistent with its future expansion and growth plans, aiming to create higher long-term value through investment in various available opportunities, while reinforcing its financial solvency and strong financial position. - Amending Article (7) of the Company’s Articles of Association related to (Share Capital). (Attached) - Amending Article (8) of the Company’s Articles of Association related to (Subscription for Shares). (Attached) - In the event of approval of this item, the eligibility date for the bonus shares shall be for shareholders who own shares on the day of the Extraordinary General Assembly Meeting and who are registered in the Company’s shareholders register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. - In case of fractional shares, all fractions shall be aggregated into one portfolio for all entitled shareholders, sold at the market price, and the proceeds will be distributed to the entitled shareholders according to their respective entitlements within a period not exceeding 30 days from the date of determining the eligible shares for each shareholder. 2- Voting on the amendment of the Policy, Standards, and Procedures for the Remuneration of the Board of Directors, its Committees, and the Executive Management. (Attached) 3- Voting on the approval of the Charter of the Nominations and Remunerations Committee. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The esteemed shareholders have the right to discuss the items listed on the agenda of the Extraordinary General Assembly Meeting and raise any relevant questions. It should be noted that e-voting through Tadawulaty services is available free of charge to all shareholders via the following link: http://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote electronically and remotely on the agenda items of the Assembly starting from 1:00 a.m. on Sunday, 09/06/1447H, corresponding to 30/11/2025G, until the end of the General Assembly Meeting. Registration and voting through Tadawulaty services will be available and free of charge for all shareholders via the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive your inquiries through the Investor Relations Department via the following communication channels: Phone: +966114998879 Email: ir@alrasheedco.com.sa |
| 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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Company Performance
Key Parameters
Last Price 79.4
Net Change -0.2 (-0.25%)
Value Traded (Sar) 9,084.45
Volume Traded 111
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