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Raydan Food Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

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Introduction The Board of Directors of Raydan Food Co., a Listed Joint Stock Company, are pleased to invite the shareholders for participate and vote to the Ordinary General Assembly Meeting, (The First Meeting), scheduled to be held at 07:30 PM on Tuesday 29-06-2021 (19-11-1442) virtually through Tadawulaty Platform (https://www.tadawulaty.com.sa) which allows shareholders to participated in the deliberation and vote the agenda items. This is in support of the preventive and precautionary efforts & measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by 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 By Means of Modern Technology in Jeddah City
URL for the Meeting Location https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2021-06-29 Corresponding to 1442-11-19
Time of the General Assembly's Meeting 19:30
Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting The meeting of the general assembly shall be valid if it is attended by shareholders representing at least a quarter of the capital, and if the quorum required for holding this meeting is not available, the second meeting will be held one hour after the period specified for the first meeting and the second meeting will be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda 1. Voting on the report of the Board of Directors for the fiscal year ending on 31/12/2020 AD.

2. Voting on the financial statements for the fiscal year ending on 12/31/2020 AD.

3. Voting on the discharge of the board of directors Member's liability for the fiscal year 31 December 2020 AD.

4. Voting on the company’s auditor’s report for the fiscal year ending on 31/12/2020 AD.

5. Voting for the appointment of the Company's auditor from among the candidates on the recommendation of the Audit Committee, This is for examining, reviewing and auditing the financial statements for the quarter (second, third and fourth) and annual of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD and determining its fees.

6. Vote on the Board of Directors’ decision to appoint (Professor / Yasser Hussein Omar Balkhi – independent member) as a member of the Audit Committee, starting from 06/06/2021 until the end of the current committee’s work period on 2022/04/21 AD, in place of the previous committee member (Zaher Fadl Al-Sayed Al-Dabi - independent member) provided that the appointment will take effect from the date of the decision issued on 01/06/2021 AD, and this appointment comes in accordance with the work regulations of the Audit Committee (CV attached).

7. Voting on the remuneration policy of the Board of Directors, the committees emanating from the Board and the Executive Management (attached).

8. Voting on the business and contracts concluded between the company and (Al-Qalzam Distinguished Seafood Company) in which a member of the Board of Directors (Nasser Awadallah Ahmad Al-Sulami) has an indirect interest, and they are collections from amounted to (34,259) SR., for the fiscal year 2020 - without any preferential conditions, (attached).

9. Voting on the business and contracts concluded between the company and (Al-Jonah Sweets and Outside Catering Limited Company) , in which a member of the Board of Directors (Mishal Awadallah Al-Sulami) has an indirect interest, which are sales and rents in the amount of (2,732,382) SR., purchases in the amount of (507,171) SR., and expenses paid in the amount of (2,732,382) SR. (9,630) SR. and collections from Al-Jonah Sweets Company in the amount of (513,407) SR., for the fiscal year 2020 - without any preferential conditions. (attached).

10. Voting on the business and contracts concluded between the company and the institution (Farah Party Hall) in which a member of the Board of Directors (Mansour Awadallah Ahmed Al-Sulami) has a direct interest, which are sales and expenses paid on behalf of (2,313,408) SR. and collections in the amount of (6,840,825) SR. for the fiscal year 2020 - without any preferential conditions. (attached).

11. Voting on the business and contracts that took place between the company and (Khaled Awadallah Ahmed Al-Sulami Trading Corporation - Sole Proprietorship) in which a member of the Board of Directors (Khaled Awadallah Ahmad Al-Sulami) has a direct interest, which is a payment to the Khaled Al-Sulami Trading Corporation amounting to (174,744) SR., for the fiscal year 2020 - without any preferential conditions (attached).

12.Voting on the business and contracts that took place between the company and (Kebab and Kebda Municipal Restaurant - Sole Proprietorship) in which a member of the Board of Directors (Mansour Awadallah Ahmad Al-Sulami) has a direct interest, which are collections from the Municipal Kebab and Kebda Restaurant amounted to (175,164) SR., for the fiscal year 2020 - without any preferential conditions (attached).

13.Voting on the business and contracts concluded between the company and (Mr. Mansour Awadallah Ahmed Al-Sulami) a direct interest in them, which are rents in the amount of (174,000) SR. and payment of an amount of (108,209) SR, for the fiscal year 2020 - without any preferential conditions. (attached).

Proxy Form
E-Vote The company assures to all of its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 10:00 in the morning on Friday 15-11-1442 corresponding to 25-06-2021 till the end of Convening time of the assembly, noting that registration and voting in Tadawulaty, is available free of charge to all shareholders using the following link (http://tadawulaty.com.sa).
Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication For any inquire please contact Investor Relations at:

Phone No. 6781177 12 966+

Email. info@raydan.com.sa

That is during business hours.

Attached Documents              

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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