Tourism Enterprise Co. (Shams) Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (Third Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Tourism Enterprise Company "Shams" is pleased to invite its valued shareholders to attend the extraordinary general assembly meeting (third meeting), which is scheduled to be held, God willing, at 06:30 pm on Thursday 24/04/1447 AH corresponding to 16/10/2025 AD by default through modern technology. |
| City and Location of the General Assembly's Meeting | Al-Khobar city through modern technological means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-10-16 Corresponding to 1447-04-24 |
| 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 | According to Article (34) of the Company’s Articles of Association, the third extraordinary general assembly meeting shall be valid regardless of the number of shares with voting rights represented in it. |
| General Assembly Meeting Agenda | Voting on amending the company's shares according to the following:
- Par value per share before the amendment: (0.50) Saudi Riyals. - Par value per share after the amendment: (10) Saudi Riyals. - Number of shares before the amendment: (1,156,472,460) shares. - Number of shares after the amendment: (57,823,623) shares. - There will be no change in the company's capital before or after the share amendment process. - Effective Date: If the clause is approved, the amendment decision will be effective for all company shareholders owning shares on the day of the Extraordinary General Assembly and registered in the company's shareholders' register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly in which the share amendment was decided. The effect of the decision will be applied to the share price starting from the business day following the meeting, provided that the number of shares in shareholders' portfolios at the end of the second trading day following the date of the Extraordinary General Assembly in which the share amendment was decided is applied. - Amending Article No. (7) of the Company's Articles of Association relating to (Capital). (Attached) - Amending Article No. (8) of the Company's Articles of Association relating to (Share Subscription). (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 agenda of the Ordinary General Assembly and direct questions to the members of the Board of Directors, noting that voting in Tadawulati services is available free of charge to all shareholders using the following link:
https://www.tadawulaty.com.sa/ |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in the Tadawulaty services can vote electronically on the items of the assembly, starting from one o'clock in the morning on Sunday 20/04/1447 AH corresponding to 12/10/2025 AD until the end of the time of the assembly, and registration and voting in the Tadawulaty services will be available and free for all shareholders, using the following link https://www.tadawulaty.com.sa/ |
| Method of Communication in Case of Any Enquiries | If you have any questions, please contact the Shareholder Relations Department
over the phone: (013-8366669 Ext.: 7000) or on the e-mail: [email protected]. |
| Attached Documents | |
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