Taqat Mineral Trading Co. Board invites its shareholders to attend Ordinary General Assembly Meeting the (First Meeting) Through modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Taqat Mineral Trading Co. is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held via modern technology means, God willing, at exactly 7:00 p.m. on Monday, 05-01-1447H corresponding to 30-06-2025G. |
| City and Location of the General Assembly's Meeting | At the company's main headquarters located in Riyadh - Al-Musafah District - Abi Nasr Al-Dabbas, using modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-30 Corresponding to 1447-01-05 |
| Time of the General Assembly’s Meeting | 19:00 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend the meeting shall be granted to shareholders registered in the Company’s shareholders register at the Securities Depository Center (Edaa) by the end of the trading session preceding the General Assembly meeting, in accordance with applicable laws and regulations. The right to register attendance at the General Assembly Meeting ends at the time the meeting is convened, while the right to vote on the meeting’s agenda items ends once the vote-counting committee concludes the counting process. |
| Quorum for Convening the General Assembly's Meeting | In accordance with Article (36) of the Company’s Articles of Association, the Ordinary General Assembly Meeting shall not be valid unless attended by shareholders representing at least one-quarter of the shares with voting rights. If the required quorum for the first meeting is not met, a second meeting shall be held one hour after the end of the scheduled time for the first meeting. The second meeting shall be deemed valid regardless of the number of shares with voting rights represented therein. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing Board of Directors Report for the fiscal year ended on 31-12-2024.
2. Voting on the company’s audit report for the financial year ending 31-12-2024 after discussing it. 3. Reviewing the financial statements for the fiscal year ending on 31-12-2024 and discuss it. 4. Voting on discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 31-12-2024. 5. Voting on the appointment of the company's external auditor from among the nominees, based on the recommendation of the Audit Committee, to review, examine, and audit the semi-annual and annual financial statements for the fiscal year 2025, and to determine their fees. 6. Voting on delegating the authority of the Ordinary General Assembly to the Board of Directors, with the authorization contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions contained in the Executive Regulations. The corporate system for listed joint stock companies. 7. Voting on the payment of a remuneration of SAR (100,000) One Hundred Thousand Riyals to the Independent Board Member Eng. Abdulrahman Mohammed Hamad Al-Khathlan for the fiscal year ended on 31-12-2024. 8. Voting on the amendment of the Audit Committee Charter. (Attached) 9. Voting on the Remuneration Policy. (Attached) 10. Voting on the policy of conflict of interest and transactions with related parties. (Attached) 11. Voting on the disclosure and transparency policy. (Attached) 12. Voting on the Dividend Distribution Policy. (Attached) 13. Voting on the acquisition by Taqat Mineral Trading Co. of 100% of the equity interest in Bayan Transport Company (a limited liability company), for a total amount of SAR (16,500,000) sixteen million and five hundred thousand Saudi Riyals, and the full transfer of ownership to Taqat Mineral Trading Co., and authorizing the Board of Directors to complete all necessary regulatory and executive procedures to finalize the acquisition transaction. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Each shareholder has the right to discuss the items listed on the agenda of the Ordinary General Assembly Meeting and to raise questions.
Registered shareholders in Tadawulaty services may vote electronically and remotely on the agenda items through the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services may vote electronically and remotely on the agenda items starting from 01:00 a.m. on Thursday, 01-01-1447H corresponding to 26-06-2025G, until the end of the General Assembly meeting. Registration and voting through Tadawulaty services will be available and free of charge for all shareholders via the following link:
www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiries, please contact the Shareholders’ Relations Department at phone number 0510020302 or via email at:
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| Attached Documents | |
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