|First Clause: Voting on the Board’s recommendation to increase the Company’s capital by issuing bonus shares to its shareholders as follows : |
A- The total amount of the increase: fifty million riyals.
B- The capital before the increase is 200 million riyals, and the capital after the increase becomes 250 million Saudi riyals, i.e. an increase of 25%.
C- The number of shares before the capital increase: - 20 million, and the number of shares after the increase will be 25 million shares
D - This recommendation aims to increase the capital to enhance the company's resources, which will contribute to achieving good growth rates in the coming years.
E- The rate of increase: one share for every four shares.
F- The increase will be made by capitalizing an amount of 50 million riyals from the reserve and retained earnings.
G- In the event of shares fractions, they will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the eligible shareholders, each according to his share, within a period not exceeding 30 days from the date of determining the due shares for each share.
H- The date of entitlement of the bonus shares to the shareholders of the company who owns the shares will be on the day of the extraordinary general assembly who are registered in the company’s shareholders ’register at the Securities Edaa Center Company ( Edaa Center ) at the end of the second trading day following the date of the extraordinary general assembly.
I- Amending Article No (7 )of the Company’s bylaws relating to capital. (Attached)
J- Amending Article No (8 ) of the Company’s bylaws relating to subscription in shares (attached)
The second item: - Voting on the amendment of Article No (18) of the Company’s bylaws relating to the number of members of the board of directors. (Attached )
Clause Three: Voting to approve the dividend policy for the years 2021, 2022 and 2023, (attached)
Fourth item: Voting on the amendment of Article No (3) of the Company’s bylaws relating to the Company’s objectives, as attached. (attached )