Al-Jouf Agricultural Development Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) by modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Jouf Agricultural Development Company is pleased to invite shareholders to participate and vote in the 39th ordinary general assembly meeting (first meeting), which is scheduled to be held, God willing, at 18.30 pm on Thursday 02-12-1446H corresponding to 29-05-2025G, through modern technology. |
| City and Location of the General Assembly's Meeting | Through modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-05-29 Corresponding to 1446-12-02 |
| Time of the General Assembly’s Meeting | 18:30 |
| 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 Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least one quarter of the capital. If the quorum necessary to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1- Voting on the company's auditor's report for the fiscal year ending on 31-12-2024 after discussion.
2- View and discuss the Financial Statements for the fiscal year ended on 31-12-2024. 3- View and discuss the Board of Directors' report for the fiscal year ending on 31-12-2024. 4- Voting on appointing the company’s auditor from among the candidates based on the audit committee’s recommendation to examine, review, and audit the financial statements for the second and third quarter and annual for the fiscal year 2025 and the first quarter of the fiscal year 2026, and to determine their fees. 5- Voting on the amendment of the policy of remuneration of the members of the Board of Directors, its committees and senior executives. (attached) 6- Voting on the disbursement of (2,500,000 SAR) as remuneration to the members of the Board of Directors for the fiscal year ending on 31 December 2024. 7- Voting on releasing Board of Directors members from liability for the fiscal year ending on 31-12-2024. 8- Voting on the authorization of the Board of Directors to distribute interim dividends on a quarterly or semi-annual basis for the fiscal year 2025G. 9- Voting on delegating the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions set forth in the issued in Executive Regulations of the Companies Law for Listed Joint Stock Companies 10- Voting on the business and contracts that took place during the year ended on 31-12-2024 between the company and Abdullah Al-Othaim Markets Company, in which the Chairman of the Board of Directors Eng. Bader bin Hamed bin Abdul Razek Al-Aujan (Independent) has an indirect interest, which are commercial transactions carried out in accordance with market conditions, sales of olive oil and pickles at an amount of 32,989,249 riyals Saudi (attached). 11-Voting on the business and contracts that took place during the year ended on 31-12-2024 between the company and National Biscuits and Confectionery Co. Ltd, in which the Chairman of the Board of Directors Eng. Bader bin Hamed bin Abdul Razek Al-Aujan (Independent) has an indirect interest, which are commercial transactions carried out in accordance with market conditions, sales of raw potatoes at an amount of 5,878,291 riyals Saudi (attached). |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The honorable shareholders have the right to discuss the included items in the agenda of the ordinary General Assembly, noting that voting in Tadawulaty services, is available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote remotely on the assembly's items, starting at 1:00 am on Sunday 27-11-1446H corresponding to 25-05-2025G . and until the end of the Ordinary General assembly time. Registration and voting via Tadawulaty services will be available and free of charge for all shareholders using the following link. https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For inquiries, please call 0536670363 and you can forward your inquiries by emailing [email protected] |
| Attached Documents | |
Comments