| Introduction |
The Board of Directors of the Tam Development Co. is pleased to invite shareholders to participate and vote in the Extraordinary General Assembly meeting (The first meeting), which is scheduled to be held, God Almighty, at 07:00 pm on (Sunday) on 11-02-1445 AH corresponding to 27-08-2023, through the means of modern technology. |
| City and Location of the General Assembly's Meeting |
Company headquarters in Riyadh City through modern technology means via the Tadawulaty Platform. |
| URL for the Meeting Location |
http://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting |
2023-08-27 Corresponding to 1445-02-11 |
| Time of the General Assembly's Meeting |
19:00 |
| Attendance Eligibility |
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. |
| Quorum for Convening the General Assembly's Meeting |
According to Article 34 of the Company’s Bylaws, the meeting of the Extraordinary General Assembly shall not be valid unless attended by shareholders representing at least half of the capital, If this quorum is not met during the first meeting, a second meeting will be held within one hour of the scheduled time for the first meeting, and the second meeting will be valid if attended by shareholders representing at least one quarter of the capital. |
| General Assembly Meeting Agenda |
1- To vote on the Board of Directors’ recommendation to distribute cash dividends in the amount of (2,799,900) two million, seven hundred and ninety-nine thousand and nine hundred riyals to the shareholders for the financial period 12/31/2022 AD, at the rate of (0.85 riyals) eighty-five halalas per share, at a rate of (8.5%) of the value The share, provided that the eligibility is for the shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholder register with the Securities Depository Center Company (Edaa Center) at the end of the second trading day following the maturity date, and the date of dividend distribution will be announced later.
2- To vote on amending Article (20) of the company's bylaws, which is related to the powers of the Board of Directors. (attached).
3- To vote on amending the articles of association of the company to comply with the new corporate law, and to rearrange and number the articles of the law; To comply with the proposed amendments (attached).
4- To vote on the policy, criteria and procedures for membership in the Board of Directors (attached).
5- To vote on the Governance Regulations (attached).
6- To vote on amending the audit committee work regulations (attached).
7- To vote on the list of the Nominations and Remuneration Committee (attached).
8- To vote on amending the policy for remuneration of members of the Board of Directors and committees emanating from the Board of Directors (attached). |
| Proxy Form |
 |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) |
The registered shareholders in the Tadawulati services will be able to vote remotely on the items of the assembly, starting from one in the morning on (Wednesday) 7-02-1445 AH corresponding to 23-8-2023AD, and registration and voting in the Tadawulati services will be available and free for all Shareholders using the following link: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting |
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 Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication |
For inquiries, you can contact the e-mail
[email protected] |
| Attached Documents |
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