| 1- a- Voting on the Board of Directors’ recommendation to increase company’s capital by offering right issues as per the following:- The company’s capital before the increase: SR 77,170,350.
– The company’s capital after the increase: SR 231,511,050.
– Percentage of increase: 200% of the company’s capital i.e. two shares rights will be issued for each means of the increase share.
– Number of shares before the increase: 7,717,035 shares.
– Number of shares after the increase: 23,151,105 shares.
– Purpose for the increase: to expand the company activities, to automate production lines and achieve the best utilization for the spread of its brands all over the Kingdom which is expected to be profitable for the Company, driving it to fulfilling its objectives.
– Means of increasing capital: offering 15,434,070 ordinary right issue shares.
– Eligibility date; if the item is approved, eligible shareholders are those holding shares on the day of convening the Extraordinary General Assembly and who are registered in the shareholders’ registry with the Depository Centre Company (Edaa) at the end of the second trading day following the eligibility date.
1-b- Amending Article No. 7 of the company’s Articles of Association related to capital (attached).
1-c- Amending Article No. 8 of the company’s Articles of Association related to IPO to shares (attached).
2- Voting on amending Article No. 3 of the company’s Articles of Association related to Objects of the Company (attached).
3- Voting on amending Article No. 17 of the company’s Articles of Association related to the vacant post in the Board (attached).
4- Voting on amending Article No. 19 of the company’s Articles of Association related to remunerations of the Board Members (attached).
5- Voting on amending Article No. 47 of the company’s Articles of Association related to liability Claims to match Corporates Articles of Association (attached). |
