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Leen Alkhair Trading Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) Through modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Leen Alkhair Trading Co. is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), which is scheduled to be held via modern technology, God willing, at exactly (20:30) on Wednesday, 11/23/1446 AH corresponding to 05/21/2025 AD. |
| City and Location of the General Assembly's Meeting | At the company's main headquarters located on King Fahd Road - in the Tamimi Complex - opposite the Al Faisaliah Building - using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-05-21 Corresponding to 1446-11-23 |
| 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 | The right to attend shall be for shareholders registered in the company’s shareholders’ register at the Depository Center at the end of the trading session preceding the general assembly meeting, in accordance with the rules and regulations. The right to register attendance at the general assembly meeting shall end at the time the general assembly meeting is held, and the right to vote on the general assembly’s items for those present shall end when the counting committee has finished counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (38) of the company’s articles of association, the ordinary general assembly meeting shall not be valid unless it is attended by shareholders representing at least a quarter of the company’s shares that have voting rights. If this quorum is not available at the first meeting, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting shall be considered valid regardless of the number of shares that have voting rights represented in it. |
| General Assembly Meeting Agenda | 1- Vote on the company's auditor's report for the fiscal year ending December 31, 2024, after discussing it. 2- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024. 3- Review and discuss the company's financial statements for the fiscal year ending December 31, 2024. 4- Vote on absolving the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 5- 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 company's annual financial statements for the period ending December 31, 2025, and the company's interim financial statements for the first half of the year ending June 30, 2026, and determine its fees. 6- Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2025. 7- Vote on authorizing the Board of Directors to exercise the authority of the Ordinary General Assembly to authorize the Board of Directors pursuant to paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever comes first, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for listed joint-stock companies. 8- Voting on the business and contracts that took place between the company and Basmat Al Sultan Company, in which both the Chairman of the Board of Directors (Saud Muhammad Abdullah Al Shuraim) and the Managing Director and Chief Executive Officer (Abdullah Muhammad Abdullah Al Shuraim) have an indirect interest as they are brothers of the owner of Basmat Al Sultan Company, which are (transactions for buying and selling vegetables and fruits), noting that the contract began in 2021 AD and the value of transactions during 2024 AD is an amount of (1,695,929) riyals (debit transactions) and an amount of (8,889,843) riyals (credit transactions) and transactions (payments on behalf of) and the value of transactions during 2024 AD is an amount of (10,504) riyals (debit transactions) and the value of the amount paid during 2024 AD is an amount of (4,875,000) riyals and the final balance for the year 2024 AD is (12,664,548) riyals, and these transactions take place in the context of Ordinary business, in accordance with prevailing commercial terms and without any preferential conditions (attached) 9- Voting on the business and contracts concluded between the company and Masayef Company, in which both the Chairman of the Board of Directors (Saud Mohammed Abdullah Al Shuraim) and the Managing Director and CEO (Abdullah Mohammed Abdullah Al Shuraim) have an indirect interest as partners in the company. These transactions involve (buying and selling vegetables and fruits), noting that the contract began in 2022 AD, and the value of transactions during 2024 AD is (1,647,973) riyals (debit transactions), (14,484,110) riyals (credit transactions), and (representative payments) transactions. The value of transactions during 2024 AD is (488,350) riyals (debit transactions), and the amount paid during 2024 AD is (14,462,395) riyals. The final balance for 2024 AD is (1,647,973) riyals. (27,946,301) riyals. These transactions are conducted in the normal course of business, according to prevailing commercial terms, and without any preferential conditions (attached). 10- Voting on the transactions and contracts concluded between the Company and Taqaddom International for Communications and Information Technology, in which the Chairman of the Board of Directors (Saud Mohammed Abdullah Al Shuraim), the Vice Chairman of the Board of Directors (Mishaal Mohammed Nasser Al Kathiri), and the Managing Director and Chief Executive Officer (Abdullah Mohammed Abdullah Al Shuraim) have an indirect interest as members of the Company's Board of Directors. These transactions are (software purchases). Note that the contract began in 2023 AD, and the value of the transactions during 2024 AD is (349,963) riyals (debit transactions). The value of the amount paid during 2023 AD is (486,467) riyals. The final balance for 2024 AD is (1,190,591) riyals. These transactions are conducted in the normal course of business, according to prevailing commercial terms, and without any preferential conditions (attached). 11- Voting on the business and contracts concluded between the company and Arsan First Contracting Company, in which both the Chairman of the Board of Directors (Saud Mohammed Abdullah Al Shuraim) and the Managing Director and CEO (Abdullah Mohammed Abdullah Al Shuraim) have an indirect interest. These contracts are for (implementation of contracting projects). The contract began in 2023 AD, and the value of transactions during 2024 AD was (5,471,470) riyals (debit transactions) and (representative payments) transactions. The contract began in 2024 AD, and the value of transactions during 2024 AD was (2,428) riyals (credit transactions). The amount paid during 2024 AD was (713,670) riyals. The final balance for 2024 AD is (4,755,372) riyals. These transactions are conducted in the normal course of business and in accordance with prevailing commercial terms and conditions, without any preferential conditions (attached). 12- Voting on the business and contracts that The transactions between the company and the Managing Director and Chief Executive Officer (Abdullah Muhammad Abdullah Al-Shraim), in which he has a direct interest, are (payments from a shareholder). These transactions began in 2023 AD, and the value of the transactions during 2024 AD is an amount of (4,129,407) riyals (debit transactions). The value of the amount paid during 2024 AD is an amount of (6,076,255) riyals. The final balance for 2024 AD is (1,497,582) riyals as a creditor. These transactions are carried out in accordance with the prevailing commercial terms and without any preferential conditions (attached). 13- Voting on Amending the Company's Governance Bylaws (attached) 14- Voting on Amending the Competition Controls and Standards Policy (attached) 15- Voting on Amending the Audit Committee's Bylaws (attached) 16- Voting on Amending the Nominations and Remuneration Committee's Bylaws (attached) 17- Voting on Amending the Board of Directors' Bylaws (attached) 18- Voting on Amending the Board of Directors' Membership Policy, Standards, and Procedures (attached) 19- Voting on Amending the Bylaws for Remuneration of Board Members, Subcommittees, and Executive Management (attached) 20- Voting on Amending the Conflict of Interest and Competition Policy (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the agenda of the Ordinary General Assembly and to ask questions. Voting in the Tadawulaty services is available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items starting from 1:00 AM on Saturday, 19/11/1446 AH corresponding to 17/05/2025 AD, 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: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive your inquiries by contacting Shareholder Relations via the following means of communication: Phone: 920019522 Email: ir@leenalkhair.com |
| 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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