Alfakhera for Mens Tailoring Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting) Through modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alfakhera for Mens Tailoring Co. is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held via modern technology, God willing, at exactly (20:30) on Thursday, 08/28/1446 corresponding to 02/27/2025 |
| City and Location of the General Assembly's Meeting | The company's headquarters is located in Riyadh - Al Kharj Road - Second Industrial City, using modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-02-27 Corresponding to 1446-08-28 |
| Time of the General Assembly’s Meeting | 20:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend shall be for shareholders registered in the company’s shareholders’ register at the Depository Center at the end of the trading session preceding the general assembly meeting, in accordance with the rules and regulations. The right to register attendance at the general assembly meeting ends at the time the general assembly meeting is held, and the right to vote on the assembly’s items for those present ends when the sorting committee finishes sorting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (36) of the company’s articles of association, the extraordinary general assembly meeting shall 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 available at the first meeting, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting shall be 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. |
| General Assembly Meeting Agenda | 1- Voting on deleting Article (12) of the company's bylaws related to (shareholders' register) (attached)
2- Voting on adding an article to the company's bylaws numbered (12) related to (preferred shares and redeemable shares) (attached) 3- Voting on adding an article to the company's bylaws numbered (13) related to (transfer of shares) (attached) 4- Voting on adding an article to the company's bylaws numbered (14) related to (trading of shares) (attached) 5- Voting on amending Article (17) of the company's bylaws related to (expiry or termination of board membership) (attached) 6- Voting on adding an article to the company's bylaws numbered (18) related to (expiry of the term of the board of directors or the resignation of its members or vacancy of membership) (attached) 7- Voting on amending Article (20) of the company's bylaws related to (powers of the chairman, deputy, managing director and secretary) (attached) 8- Voting on amending Article (21) of The company's bylaws and related to (Board of Directors' powers) (attached) 9- Voting on amending Article (35) of the company's bylaws and related to (Quorum of the Ordinary General Assembly) (attached) 10- Voting on amending Article (36) of the company's bylaws and related to (Quorum of the Extraordinary General Assembly) (attached) 11- Voting on amending Article (43) of the company's bylaws and related to (Accounting Records and Financial Statements) (attached) 12- Voting on amending Article (46) of the company's bylaws and related to (Annual Dividend Distribution) (attached) 13- Voting on the Board of Directors' recommendation to distribute cash dividends in the amount of (8,280,000) eight million two hundred and eighty thousand riyals to shareholders for the financial period ending on (06/30/2024 AD) at a rate of (0.23) twenty-three halalas per share and at a rate of (23%) of the capital, provided that the eligibility is for shareholders who own shares By the end of trading on the day of the General Assembly meeting and registered in the company's shareholders' register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date, and the dividends will be disbursed by transferring them to the accounts linked to the portfolios of eligible shareholders starting from Tuesday 03/11/2025 14- Voting on the Board of Directors' recommendation to use part of the proceeds of the offering for the years 2025 AD and 2026 AD amounting to: (20,000,000) twenty million Saudi riyals, as an Islamic deposit in a Saudi bank to achieve appropriate returns until the time of its use according to the prevailing return rate at that time, provided that the company uses the amount to finance the company's plan as shown in the issuance prospectus (attached). 15- Voting on amending the Audit Committee's work regulations (attached). 16- Voting on amending the Governance Regulations (attached) 17- Voting on the Remuneration Policy (attached) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Dear shareholders have the right to discuss the topics included in the agenda of the Extraordinary General Assembly and ask questions, noting that voting in 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 Sunday 08/24/1446 AH corresponding to 02/23/2025 AD until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services will be available and free for all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive your inquiries by communicating with the Governance, Compliance and Shareholder Relations Department via the following means of communication:
Telephone: +966114030304 Email: compliance@alfakhera.com |
| Attached Documents | |
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