Munawla Cargo Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( First Meeting )
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Munawla Cargo Co is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly meeting, which includes increasing the company’s capital (the first meeting), which is scheduled to be held via modern technology, God willing, at exactly (19:30) on Wednesday, 05/14/1447 AH corresponding to 11/05/2025 AD |
| City and Location of the Extraordinary General Assembly's Meeting | At the company’s main headquarters located in Dammam, 5012 King Khalid Road 8166, Al Rabie District 32241
This is done through modern technological means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-11-05 Corresponding to 1447-05-14 |
| Time of the General Assembly’s Meeting | 19:30 |
| 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 (36) of the company’s bylaws, the extraordinary general assembly meeting will not be valid unless it is attended by shareholders representing at least half of the company’s shares that have voting rights. If this quorum is not present at the first meeting, the second meeting will be held one hour after the end of the period specified for the meeting. The first meeting. In all cases, the second meeting is considered valid if it is attended by a number of shareholders representing at least a quarter of the company’s shares that have voting rights. |
| Meeting Agenda | 1/• . Voting on the Board of Directors' recommendation to increase the company's capital by granting free shares to shareholders as follows:
• • Capital before the increase: SAR 20,000,000 • • Capital after the increase: SAR 30,000,000 • • Capital increase percentage: 50% • • Number of shares before the increase: 2,000,000 shares • • Number of shares after the increase: 3,000,000 shares • • Method of covering the increase: by capitalizing an amount of 10,000,000 riyals from the retained earnings balance. • • • Per share increase rate: One (1) free share will be granted to each shareholder who owns two (2) shares. • • Reasons for increase: To enhance the strategic growth plan, meet future expansion needs and aspirations, and confirm the company's financial solvency and strong financial position. • • Amendment to Article (7) of the company's bylaws regarding (capital). (Attached) • • Amendment to Article (8) of the company's bylaws regarding (share subscription). (Attached) • • In the event that the clause is approved, the date of entitlement to bonus shares for the company’s shareholders who own shares on the day of the Extraordinary General Assembly meeting and are registered in the company’s shareholders’ register at the Securities Depository Center Company (Depository Center) will be at the end of the second trading day following the entitlement date. • In the event of fractional shares, they will be pooled into a single portfolio for all shareholders, sold at market price, and then distributed to eligible shareholders, each according to his or her share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. 2/Voting on amending the bylaws for policies and standards for remuneration of members of the Board of Directors, its committees, and the Executive Management (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 Extraordinary General Assembly and to ask questions. Voting in the Tadawulaty services is available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items starting from 1:00 AM on Saturday, 05/10/1447 AH corresponding to 11/01/2025 AD, 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 | If there are any inquiries, please contact us via email
Or contact the number: 0138341655 |
| Attached Documents | |
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