Al Rashid Industrial Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Al-Rashed Industrial Company is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which is scheduled to be held through modern technological means, God Almighty willing, at exactly (19:30) on the evening of Thursday 12/07/1445 AH corresponding to 2024. /06/13pm
City and Location of the General Assembly's Meeting	Riyadh -Company Headquarters- Through modern technology.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-06-13 Corresponding to 1445-12-07
Time of the General Assembly’s Meeting	19:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	The quorum for the Ordinary General Assembly is the presence of shareholders representing (half) of the company's shares that have at least voting rights. If this quorum is not present in the first meeting, the second meeting will be held one hour after the end of the period specified for holding the first meeting. The second meeting is considered valid if it is attended by shareholders representing (at least a quarter) of the company’s shares that have voting rights.
General Assembly Meeting Agenda	1. Review and discuss the Board of Directors' report for the financial year ended 31 December 2023. 2. Review and discuss the company's financial statements for the financial year ended 31 December 2023. 3. Vote on the company’s auditor’s report for the financial year ending on December 31, 2023, after discussing it. 4. Voting on the appointment of the Company's auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2024, and determine his fees. 5. Voting on the disbursement of SAR (1,146,000) as remuneration to the members of the Board of Directors for the fiscal year ending on 31 December 2023. 6. Voting on the business and contracts concluded between the company and Al-Rashed Establishment for Cans and Plastic Products, for which Board of Directors member A. Muhammad Abdul Aziz Muhammad Al-Rashid Al-Hamid had an indirect interest in it, which was completed during the fiscal year ending on December 31, 2023 AD and amounted to (7,471,949) riyals, which is the sale of plastic products to Al-Rashed Establishment for Boxes and Plastic Products (individual institution) based in the United Arab Emirates, the Emirate of Dubai (without benefits). preferential). 7. Voting on the amendment of Article (Second) of the Company's Articles of Association, related to (Company Name). 8. Voting on amending the company's articles of association to comply with the new Companies Law, and rearranging the articles of the articles of the system and numbering them to comply with the proposed amendments. 9. Vote on the Board of Directors’ recommendation to distribute cash dividends in the amount of (8,000,000) Saudi riyals to shareholders for the financial period ending on December 31, 2023 AD, at (1) Saudi riyal per share, which represents (10%) of the nominal value of the share, provided that the eligibility is for the shareholders who own it. For shares at the end of trading on the day of the General Assembly and those registered in the company’s shareholder register at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the maturity date, the dividend distribution date will be announced later. 10. Voting on the Board of Directors' resolution appointing Waleed bin Hamad bin Mohammed Al-Rashed Al-Humaid as a (non-executive) member of the Board of Directors starting from the date of his appointment on 14/12/2023 AD to complete the Board session until the date of the end of the current session on 01/07/2026 AD, succeeding the previous member (Ibrahim bin Suleiman bin Ibrahim Al-Manea) as an (independent) member. 11.Voting on the discharge of the members of the Board of Directors from liability for the financial year ended 31 December 2023.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Shareholders have the right to discuss the topics on the agenda of the General Assembly and ask questions, shareholders can vote remotely on the agenda of the Assembly through the electronic voting service by visiting the website of Tadawulaty www.tadawulaty.com.sa.
Details of the electronic voting on the Assembly’s agenda	Shareholders can vote remotely on the agenda of the General Assembly through the electronic voting service by visiting the website of Tadawulaty www.tadawulaty.com.sa. Note that registration in the service and voting is available free of charge to all shareholders, as electronic voting begins on Sunday 03/12/1445 AH, corresponding to 09/06/2024 AD at (01:00) am and ends when the counting committee finishes counting the votes.
Method of Communication in Case of Any Enquiries	Contact Details : Phone 0114985750 Ext. (146) Email: faisal.abdulaziz@lastmade.com
Attached Documents