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Mohammed Hasan AlNaqool Sons Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mohammed Hassan Al-Naqool Sons Company is pleased to invite shareholders to participate and vote in the Extraordinary General Assembly Meeting of the Company (First Meeting) scheduled to be held, God willing, at 7:00 PM on Monday, July 27, 2026, via modern technology. |
| City and Location of the Extraordinary General Assembly's Meeting | The company's headquarters are located in Dammam – via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-07-27 Corresponding to 1448-02-13 |
| Time of the General Assembly’s Meeting | 19:00 |
| 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 | An extraordinary general meeting shall be valid if attended by shareholders representing at least half of the company’s shares with voting rights. If the quorum required to hold this meeting is not met, a second meeting shall be held one hour after the end of the time specified for holding the first meeting. The second meeting shall be valid if attended by shareholders representing at least a quarter of the company’s shares with voting rights. |
| Meeting Agenda | Item 1: Voting on the Board of Directors' recommendation to increase the company's capital by issuing bonus shares to the company's shareholders, as follows: - Company capital before the increase: SAR 29,000,000 - Company capital after the increase: SAR 58,000,000 - Percentage increase in capital: 100% - Number of company shares before the increase: 2,900,000 shares - Number of company shares after the increase: 5,800,000 shares Reason for the capital increase: This increase aims to support the strategic growth plan, meet future expansion needs, and reinforce the company's financial solvency and strong financial position. - Method of capital increase: The increase will be achieved by capitalizing SAR 29,000,000 from retained earnings, by issuing one (1) bonus share for every (1) share held by shareholders. - Eligibility date: If the item is approved; The entitlement to the bonus shares is for shareholders registered in the issuer's shareholder register at the Securities Depository Center at the end of the second trading day following the entitlement date. In the event of fractional shares, these will be aggregated into a single portfolio for all shareholders and sold at the market price. The proceeds will then be distributed to the eligible shareholders according to their respective shares within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. - Amendment to Article (8) of the Company's Articles of Association related to capital (attached). - Amendment to Article (9) of the Company's Articles of Association related to share subscription (attached). Item Two: Voting on adding Article (13) to the Company's Articles of Association, related to the company's purchase, sale, and pledging of its own shares (attached). Item Three: Voting on adding Article (14) to the Company's Articles of Association, related to participation and ownership in companies (attached). Item Four: Voting on rearranging, numbering, and naming the articles of the Articles of Association to conform to the proposed amendments (attached). |
| 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 on the General Assembly's agenda and direct related questions to the Board of Directors. Registration and voting through Tadawulaty services are available free of charge to all shareholders via the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered with the Tadawulaty service can vote electronically and remotely on the General Assembly's agenda items starting at 1:00 AM on Thursday, July 23, 2026, until the end of the General Assembly meeting. Registration and voting through the Tadawulaty service 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 | For any inquiries, please contact the Shareholder Relations Department: Phone: 8001010990 Email: alnaqool@alnaqool.com May God grant you success. |
| 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 42.0
Net Change 0.0 (0.0%)
Value Traded (Sar) 515,582.48
Volume Traded 12,259
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