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ASharqiyah Development Co. invites its shareholders to attend the Ordinary general assembly Meeting (1st meeting) by means of modern technology

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Introduction Asharqiyah Development Company`s directors board pleased to invite its valued shareholders to attend the company's ordinary general assemply (the first meeting), by using the modern technology , TADAWULATY system, in the framework of supporting preventive efforts and measures by the relevant health authorities to address the emerging corona virus COVID- 19 Based on the decision of the Council of the Capital Market Authority on 16/03/2020, which includes suspending the association contract in attendance until further notice, and just holding it through modern technology means in order to ensure the safety of dealers in the capital market , which supporting efforts and protectiction procedures by the competent health authorities and relevant to address the emerging virus Corona( COVID-19 ), extension of the continuous efforts of all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly's Meeting Dammam - Al Nakheel King Khalid Bin Abdul Aziz Street Clock Tower Building

by means of modern technology

URL for the Meeting Location http://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-06-28 Corresponding to 1442-11-18
Time of the General Assembly's Meeting 19:00
Attendance Eligibility Each shareholder who is registered in the Company's shareholders ’register at the Depository Center shall be entitled to attend the General Assembly meeting at the end of the deliberating session preceding the General Assembly meeting, according to the rules and regulations.
Quorum for Convening the General Assembly's Meeting The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least one quarter of the company paid up capital. If the quorum for the first meeting is not completed, a second meeting shall be conducted one hour after the time allocated for the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda (1) Voting on the report of the Board of Directors for the financial year ended 31/12/2020.

(2) Voting on the report of the external auditor of the company for the financial year ended 31/12/2020.

(3) Voting on the Company's consolidated financial statements for the year ended 31/12/2020.

(4) Voting on the selection of external auditor recommended by the Audit Committee to review the quarterly and annual financial statements from second quarter of the year 2021 to the first quarter for the year of 2022 and determine their fees.

(5) Voting on the discharge of the Board of Directors for the financial year ended 31/12/2020.

Proxy Form
E-Vote Note that the shareholders who are registered in the Tadawulati services will be able to vote remotely on the association’s items starting from 10 AM on Thursday14/11/1442 AH corresponding to 24/06/2021 till the end time of the meeting . and the registration and voting in Tadawulati services will be available and free for all shareholders by using the link www.tadawulaty.com.sa, and if there is any inquiry we hope to contact the shareholders relations department Email IBRAHIM@ASHARQIYAH.COM.SA Phone 0138099439 ext 44
Eligibility for Attendance Registration and Voting Noting that the eligibility to attend the meeting of the association ends at the time of the meeting, and the right to vote on the association’s items for the attendees ends when the counting committee finishes counting the votes.
Method of Communication For inquiries, please call: 0138099439 EXT.44 or fax: 0138099438

IBRAHIM@ASHARQIYAH.COM.SA

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The Capital Market Authority and the Saudi Stock 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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