Development Works Food Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Development Works Food Co. is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which will be held, God willing, at 20:00 on Wednesday 02-04
-1447 corresponding to 24-09-2025 - via modern technology. |
| City and Location of the General Assembly's Meeting | The company's main headquarters - Riyadh - using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-09-24 Corresponding to 1447-04-02 |
| Time of the General Assembly’s Meeting | 20:00 |
| 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 (extraordinary) general assembly meeting shall be valid if attended by shareholders representing at least half of the capital. If the quorum required to hold this meeting is not available, a second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid if attended by shareholders representing at least a quarter of the capital. |
| General Assembly Meeting Agenda | 1- Vote on amending the Audit Committee's bylaws. (Attached)
2- Vote on amending the Nominations and Remuneration Committee bylaws. (Attached) 3- Vote on amending the remuneration policy for the Board of Directors, subsidiary committees, and senior executives, effective January 1, 2025. (Attached) 4- Vote on amending the company's bylaws to align with the new Companies Law, and re-arranging and numbering the articles of the bylaws to align with the proposed amendments. (Attached) 5- Vote on transferring the company's statutory reserve balance, which amounted to (853,858) riyals (eight hundred and fifty-three thousand, eight hundred and fifty-eight Saudi riyals only, according to the financial statements as of June 30, 2025), to the accumulated losses account. (Attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the General Assembly’s agenda and direct questions to members of the Board of Directors, noting that voting in Tadawulaty services is available free of charge to all shareholders using the following link http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote electronically remotely on the assembly’s items starting from (1:00 AM) on Saturday 28-03-1447 corresponding to 20-09-2025 until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In case of any inquiry, we hope to contact the Shareholder Relations Department on mobile number +966554875792 - or via e-mail board@ dwf.com.sa |
| Attached Documents | |
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