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Abdulaziz and Mansour Ibrahim Albabtin Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Babtain Food Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), scheduled to be held, God willing, at 8:15 PM on Monday, 02/06/2025 AD, via modern technology. |
| City and Location of the General Assembly's Meeting | Riyadh - Al-Babtain Food Company - Using Modern Technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-02 Corresponding to 1446-12-06 |
| Time of the General Assembly’s Meeting | 20:15 |
| 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 issuer’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 also expire at the time the general assembly meeting is held, and the right to vote on the general assembly items for those present shall expire when the counting committee completes the counting of votes. |
| Quorum for Convening the General Assembly's Meeting | The Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least 25% of the capital. If the quorum required to hold the meeting is not available, a 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 valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024. 2- Review and discuss the financial statements for the fiscal year ending December 31, 2024. 3- Vote on the company's auditor's report for the fiscal year ending December 31, 2024, after discussing it. 4- Vote on the appointment of the company's auditor from among the candidates, based on the Audit Committee's recommendation, to examine, review, and audit the financial statements for the first, second, third, and annual quarters of the fiscal year ending December 31, 2025, and determine their fees. 5- Vote on absolving the members of the Board of Directors from liability for the year ending December 31, 2024. 6- Voting on the Board of Directors' recommendation to distribute cash dividends in the amount of SAR 1,700,000 to shareholders for the year 2024, at SAR 0.5 per share, representing 5% of the capital. Eligibility will be granted to shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the company's shareholders' register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date of the General Assembly. Dividends will be distributed on June 22, 2025. 7- Voting 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. 8- Voting on the disbursement of remuneration to Board members in the amount of SAR 470,000 for the fiscal year ending December 31, 2024. |
| 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 included in the agenda of the General Assembly and direct questions to the members of the Board of Directors, noting that voting in Tadawulaty services is available free of charge to all shareholders using the following link: https://login.tadawulaty.com.sa/ir/user/login.xhtml |
| Details of the electronic voting on the Assembly’s agenda | Electronic voting for shareholders registered on the Tadawulaty electronic services website will begin at 1:00 AM on Thursday, May 29, 2025, and will continue until the end of the meeting. Registration and voting on 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 | Accordingly, the company hopes that all its shareholders will register in Tadawulati to participate and vote remotely on the assembly’s items via the website. In case of any inquiries, we hope to communicate via phone +966112440849 and email IR@ALBABTAINFOOD.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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