ABDULLAH AL -OTHAIM MARKETS COMPANY INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) THROUGH MODERN TECHNOLOGY
|Introduction||The Board of Directors of the Abdullah Al-Othaim Markets Company “The Company” is pleased to invite The Company’s shareholders to participate and votes in the ordinary general assembly meeting (first meeting), which will be held on Tuesday 1 Rabi’ al-Awwal 1444H corresponding to 27th September 2022G at 06:30 PM in the Company Head Quarter in Riyadh City, through modern technology means using the Tadawulaty system through the link (www.tadawulaty.com.sa ), The meeting will discuss the following agenda:|
|City and Location of the General Assembly's Meeting||Through modern technology means In the Company Headquarters in Riyadh City, using the Tadawulaty system.|
|URL for the Meeting Location||http://www.tadawulaty.com.sa|
|Date of the General Assembly's Meeting||2022-09-27 Corresponding to 1444-03-01|
|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 as per Laws and Regulations|
|Quorum for Convening the General Assembly's Meeting||The quorum for the Ordinary General Assembly is the presence of shareholders representing at least (50%) of the company's capital. If this quorum is not secured at the first meeting, a second meeting will be held within one hour of the expiry of the deadline set for the first meeting and shall be considered valid regardless of the number of shares represented therein|
|General Assembly Meeting Agenda||1) Voting on the transactions and contracts that will be concluded between the company and Al Othaim Holding Company, where each of (the Chairman of the Board of Directors Mr. Abdullah Saleh Ali Al Othaim, and the Board of Member Mr. Abdulaziz Abdullah Saleh Al Othaim) they have an indirect interest, the transaction is selling the shares owned by Abdullah Al-Othaim Markets Company in the capital of Abdullah Al-Othaim Investment Company amounting to (13,653,850) shares with a total value of SR (846,538,700) ,without any preferential conditions (attached) . |
2) Voting on the transactions and contracts that will be concluded between the company and Abdullah Al-Othaim Investment Company, where each of (the Chairman of the Board of Directors Mr. Abdullah Saleh Ali Al Othaim, and the Board of Member Mr. Abdulaziz Abdullah Saleh Al Othaim) they have an indirect interest, the transaction is selling a land owned by Abdullah Al-Othaim Markets Company in Madinah Al-Munwarah , with an area of (105,663.79) square meters with a total value of SR (211,327,580), without any preferential conditions (attached).
|E-Vote||We also wish to point out the possibility of automated voting on the Assembly Agenda through the automated voting service starting 01:00 AM on Saturday 24/09/2022G, until the end of the assembly time, registration and voting in Tadawulaty services will be free and available through using the link (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||Shareholders can address any questions or inquiries with regard to the general assembly Agenda to the Investor Relations Dept. through e-mail (email@example.com) . |
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