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Saudia Dairy and Foodstuff Co. ("SADAFCO") announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

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Introduction The Board of Directors of Saudia Dairy & Foodstuff Company ("SADAFCO") is pleased to invite its shareholders to attend the Ordinary General Assembly Meeting (First Meeting). The meeting will be held on Tuesday 29-11-1443H (Om Al Qura calendar) corresponding to 28-06-2022G at 18:30 in Jeddah at SADAFCO’s headquarter via modern technology means through the Tadawulaty system.
City and Location of the General Assembly's Meeting Jeddah - SADAFCO's Headquarter - via modern technology means (Online)
URL for the Meeting Location https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2022-06-28 Corresponding to 1443-11-29
Time of the General Assembly's Meeting 18:30
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 shall have the right to attend as per Laws and Regulations.
Quorum for Convening the General Assembly's Meeting The meeting of the Ordinary General Assembly is valid if attended by shareholders representing at least one-fourth of the capital, and if the necessary quorum is not available in the first meeting, the second meeting will be held an hour after the end of the period specified for holding 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 Board of Directors Annual Report for the fiscal year ended 31-03-2022.

2- Voting on the External Auditors Report for the fiscal year ended 31-03-2022.

3- Voting on the financial Statements for the fiscal year ended 31-03-2022.

4- Voting on the Board of Directors' recommendation to distribute dividends amounting to SAR 95,999,250 at SAR 3 per share, equivalent to 30% of the nominal share value for the second half of the financial year ended 31 March 2022, payable to shareholders at the closing of trading on Assembly Meeting Day, and for the Shareholders registry of the Securities Depository Center at the end of the second trading day following the eligibility date, dividends distribution date will be announced later.

5- Voting on authorizing the Board of Directors to distribute interim dividends to the shareholders for the financial year ending 31-03-2023.

6- Voting on the Audit Committee's recommendation to appoint the external auditor to examine, review and audit the financial statements for the second, third, and fourth quarter of 2022 and the first quarter of 2023 and set their fees.

7- Voting to release the Board Members from their liability for the fiscal year ended 31-03-2022.

8- Voting to pay (SAR 3,600,000) as remuneration for the Board Members (SAR 400,000) for each member for the financial year ending 31-03-2022.

9- Voting on the transactions and agreements made with Buruj Cooperative Insurance Company (Saudi Arabia), where the Vice-Chairman, Mr. Faisal Al Ayyar, and the Board Member Mr. Ahmed Al Marzouki have an indirect interest in it, this contract provides insurance services without preferential terms for a period of one year, starting from 01-07-2021G and ending on 30-06-2022G. These transactions had a total value of SAR 11,277,724. (Attached)

10- Voting on the transactions and agreements with PKC Advisory, where Sheikh Hamad Sabah Al Ahmed and Mr. Faisal Hamad Al Ayyar are Chairman and Vice President, and Mr. Abdullah Yacoub Bishara is a Board Member have indirect interest in it. This contract provides consultancy services without preferential terms. These transactions had total value of SAR 1,054,465. (Attached)

11- Voting on the transactions and agreements made with AXA Cooperative Insurance Co. (Saudi Arabia), where Sheikh Hamad Sabah Al Ahmed and Mr. Faisal Hamad Al Ayyar are Chairman and Vice President, and Mr. Abdullah Yacoub Bishara is a Board Member have indirect interest in it. The Company provides insurance services without preferential terms. These transactions had total value of SAR 634,200. (Attached)

12- Voting on the transactions and agreements made with Alternative Energy Projects Company, where Sheikh Hamad Sabah Al Ahmed and Mr. Faisal Hamad Al Ayyar are Chairman and Vice President, and Mr. Abdullah Yacoub Bishara is a Board Member have indirect interest in it. This Contract for supply and installation f Solar project without preferential terms without preferential terms. These transactions for the year from 1-4-2021 to 31-03-2022 had a total value of SAR 2,904,922. (Attached)

13- Voting on Corporate Social Responsibility Policy. (Attached)

Proxy Form
E-Vote The shareholders registered in Tadawulaty services may vote remotely on the agenda of the Ordinary General Assembly Meeting (AGM) starting at 10:00 AM on Friday 25-11-1443H corresponding to 24-06-2022G until the time the general assembly meeting ends.

Also, Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the (E-Voting) services at:

https://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 case of any inquiries and shareholders questions on this meeting’s agenda items can be received through the Investors Relations Department’s email address at Email: Investors.relations@sadafco.com.

Shareholders can also call: 0126293366 (Ext. 254)

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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