First Avenue for Real Estate Development Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of First Avenue for Real Estate Development Company invites the shareholders to attend the Extraordinary General Assembly Meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | Via modern technology means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-02-17 Corresponding to 1446-08-18 |
| Time of the General Assembly’s Meeting | 19:00 |
| 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 | 50% of the capital |
| General Assembly Meeting Agenda | 1. Voting on amending Article (2) of the Articles of Association related to the company name (attached).
2. Voting on amending Article (8) of the Articles of Association related to the capital (attached). 3. Voting on amending Article (9) related to the subscription of shares (attached). 4. Voting on amending Article (19) related to the company’s management (attached). 5. Voting on the election of the members of the Board of Directors for the next term, which starts on the date of the General Assembly meeting and lasts for four calendar years (attached CVs). 6. Voting on authorizing the elected Board of Directors with the Ordinary General Assembly’s power to grant the license mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of the General Assembly’s approval or until the end of the term of the authorized Board of Directors, whichever comes first, in accordance with the terms stated in the executive regulations of the Companies Law for listed joint-stock companies. 7. Voting on authorizing the elected Board of Directors with the Ordinary General Assembly’s power to grant the license mentioned in paragraph (2) of Article (27) of the Companies Law for one year from the date of the General Assembly’s approval or until the end of the term of the authorized Board of Directors, whichever comes first, for the following activities: 1. Building construction 2. Demolition 3. Real estate activities in owned or leased properties 4. Real estate activities on a fee or contract basis |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Esteemed shareholders have the right to discuss the topics listed on the agenda of the General Assembly and direct questions to the Board of Directors. Please note that voting on 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 | Registered shareholders in Tadawulaty services can remotely vote on the items of the Extraordinary General Assembly's agenda starting from 1:00 AM on Friday, 15-08-1446H, corresponding to 14-02-2025, until the end of the Extraordinary General Assembly meeting. Please note that registration and voting through Tadawulaty services are available free of charge for shareholders via the following link: http://tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | For any inquiries, please contact the Investor Relations Department:
Email: IR@The1stAvenue.com Mobile: +966-55-058-9696 |
| Attached Documents | |
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