| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | The Board of Directors of Wafrah for Industry and Development Company is pleased to invite the Company’s shareholders to participate and vote in the 39th Ordinary General Assembly Meeting (First Meeting) to be held at 20:00 p.m. on Thursday 09-06-2022 corresponding to 10-11-1443H |
| City and Location of the General Assembly’s Meeting | company’s Head Office in the Third Industrial City, Riyadh |
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly’s Meeting | 2022-06-09 Corresponding to 1443-11-10 |
| 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 | The Ordinary General Assembly Meeting requires the attendance of shareholders representing at least 25% of the Company’s capital. If the quorum is not attained, the second Meeting will be held after 1 hour, and it will be quorum no matter how many shares are represented in the meeting. |
| General Assembly Meeting Agenda | 1- Voting on the Board of Directors’ report for the fiscal year ending on 31/12/20212- Voting on the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2021.
3- Voting on the financial statements for the fiscal year ending on 31/12/2021. 4- Voting on appointing the External Auditor for the Company from among the candidates based on the Audit Committee’s recommendation. The appointed auditor shall examine, review and audit the second, third quarter and annual financial statements, of the fiscal year 2022, and the first quarter of the fiscal year 2023, and the determination of the auditor’s remuneration. 5- Voting on release of the Board of Directors’ members from liability for the fiscal year ending on 31/12/2021. 6- Voting on amendments of the Audit Committee Regulations. 7- Voting on amendments of the Remunerations and Nominations Committee Regulations 8- Voting on the trade dealings between Wafrah Co. and Al- Lohoum Al- mutamieza Trading Enterprise which the Board member Mohamed A/Razzag Aboud Albaghdadi has direct interest in. The dealings were sales for the sum of SAR 756,839, and procurement for the sum of SAR 664,109 during 2021, in the normal course of the company dealings, with no advantage or distinction given to the Enterprise. |
| Proxy Form |  |
| E-Vote | Electronic voting will start at 10:00 a.m. on Sunday 06-11-1443, corresponding to 05-06-2022 and will continue until the end of the General Assembly Meeting. Registration and voting at Tadawulaty site is available free of charge using the following 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 | For inquiries regarding the General Assembly agenda, please contact the shareholders affairs dept. at 011-4023456 ext.28, or via smahgoub@wafrah.com |
| Attached Documents | |