The Board of Director of Al Mawarid Manpower Company Invites its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting) via Modern Technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Mawarid Manpower Company is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting) scheduled to be held virtually on Sunday 06-04-1447 AH corresponding to 28-09-2025 AD at 06:30 pm. |
| City and Location of the General Assembly's Meeting | Riyadh/ Head Office (remotely and via modern technology means) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-09-28 Corresponding to 1447-04-06 |
| 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 | Each shareholder registered in the Company’s Shareholders Register maintained at the Depository Center (“Edaa”) at the end of the trading session preceding the General Assembly meeting is eligible for remote attendance, discussing the Assembly’s items, asking questions and voting through Tadawulaty at the General Assembly meeting as per the rules and regulations. |
| Quorum for Convening the General Assembly's Meeting | The Extra-ordinary General Assembly meeting is valid if attended by shareholders representing at least a 50% of the company’s voting shares. If the quorum required for holding 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 if attended by shareholders representing at least a 25% of the company’s voting shares |
| General Assembly Meeting Agenda | 1-To vote on the election of the members of the Board of Directors for the new term, commencing on 11 October 2025 and lasting for three (3) years, ending on 10 October 2028.
2. To vote on authorizing the Board of Directors for the new term, commencing on 11 October 2025, to exercise the powers of the Ordinary General Assembly as stipulated in paragraph (1) of Article Twenty-seventh of the Companies Law, for a period of one (1) year from the date of the General Assembly’s approval or until the end of the delegated Board of Directors’ term, whichever comes first, in accordance with the provisions set forth in the Implementing Regulations of the Companies Law applicable to listed joint-stock companies. 3. To vote on amending Article Four of the Company’s Articles of Association by adding an additional activity to the Company’s current business activities, which is: “Providing management consulting expertise.” 4. To vote on the recommendation of the Board of Directors to transfer the entire balance of the statutory reserve as of 30 June 2025, amounting to SAR 45,000,000 (forty-five million Saudi Riyals), to the retained earnings account |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | 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 meeting agenda ends when the counting committee completes counting of the votes |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty system may vote remotely on the General Assembly meeting’s agenda. Electronic voting will start at 1:00 AM, on Thursday 03/04/1447 AH corresponding to 25/09/2025 AD and will continue until the General Assembly meeting ends. Voting and registration in Tadawulaty system are provided free of charge to all shareholders using the link
(www.tadawulaty.com.sa ). |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, we hope to contact the Investor Relations Department during office hours from 8:00 am to 4:00 pm through
Phone No.: 0112899155 Or Email: [email protected] |
| Additional Information | The shareholders registered on Tadawulaty website will be notified with a text message explaining the mechanism of participation in the deliberations of the Extraordinary General Assembly meeting. Questions and inquiries of shareholders, before and during the Assembly meeting, can be sent via ([email protected] ). |
| Attached Documents | |
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