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Arriyadh Development Co. announces to Invites its Shareholders to Attend the (First Meeting) Ordinary General Assembly Meeting by means of modern technology

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Introduction The Board of Directors of Al-Riyadh Development Company is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held by means of modern technology, God Almighty, at exactly eight o’clock in the evening on Wednesday 30 Dhul Qi’dah 1443 AH corresponding to June 29, 2022 AD.
City and Location of the General Assembly's Meeting The company's main headquarters in Riyadh - Al-Dirah district - King Fahd Road - Riyadh by means of modern technology.
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2022-06-29 Corresponding to 1443-11-30
Time of the General Assembly's Meeting 20:00
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 According to Article 30 of the Company's Articles of Association, the Ordinary General Assembly meeting is valid if attended by shareholders representing at least a quarter of the capital, and if the mandatory quorum for holding this meeting is not available, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting is valid Whatever the number of shares represented in it.
General Assembly Meeting Agenda 1-Vote on the formation of the Audit Committee for the new session, starting from the date of the assembly’s convening 06-29-2022 AD until the end of the session on 06-24-2025 AD, and on its tasks, work regulations and remunerations for its members, and the candidates are (CV attached):

1) Mr. Suleiman bin Nasser Al Hatlan Al-Qahtani.

2) Mr. Nayef bin Ibrahim Al-Hadithi

3) Mr. Ahmed bin Abdullah Al-Kanhal

4) Mr. Saleh bin Moqbel Al-Khalaf

2- To vote on the request of shareholders who make up more than 5% of the company’s capital to distribute cash dividends to shareholders from the balance of the retained earnings in the amount of (88,888,888.5) Saudi riyals at (0.50) riyals per share, which represents (5%) of the nominal value per share, The eligibility is for the shareholders who own shares at the end of trading on the day of the general assembly meeting and who 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 due date, and the dividend distribution date will be announced later.

Proxy Form
E-Vote Noting that the registered shareholders in the Tadawulaty services will be able to vote remotely on the items of the assembly starting from ten in the morning on Sunday 27 Dhu al-Qa’dah 1443 AH corresponding to June 26, 2022 AD until the end of the time of the assembly, and registration and voting in the trading services will be available and free for all shareholders using the following link: www.tadawulaty.com.sa

www.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 In the event of an inquiry, we hope to contact the Shareholders Relations Department:

Phone: +966114110333 ext. 1103

Email faldajani@ardco.com.sa

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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