Pan Gulf Marketing Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Pan the Gulf Marketing Company is pleased to invite shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), which is scheduled to be held, at 6:30 PM on Sunday 19-12-1446 AH (according to Umm Al-Qura calendar), corresponding to 15-06-2025 AD, via modern technology. |
| City and Location of the General Assembly's Meeting | Riyadh - the company's main headquarters - using modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-15 Corresponding to 1446-12-19 |
| 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 | The Ordinary General Assembly meeting shall be valid if attended by shareholders representing 25% of the capital. |
| General Assembly Meeting Agenda | 1- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024.
2- Vote on the auditor's report for the fiscal year ending December 31, 2024, after discussing it. 3- Review and discuss the financial statements for the fiscal year ending December 31, 2024. 4- Vote on discharging the Board of Directors from their liabilities for the fiscal year ending December 31, 2024. 5- Vote on the appointment of the company's auditor from among the candidates nominated by the Audit Committee, based on the Audit Committee's recommendation, to examine, review, and audit the semi-annual and annual financial statements for 2025, and determine their fees . 6- Vote on the disbursement of SAR 448,000 as remuneration to the Board of Directors for the fiscal year ending December 31, 2024. 7- Voting on the business and contracts concluded between the company and Al-Hoshan Holding Company, in which the Chairman of the Board of Directors, Mr. Abdullah bin Ahmed Al-Manea, has an (indirect) interest, and the Vice Chairman, Mr. Khaled bin Abdulaziz Al-Babtain, has an (indirect) interest. These contracts are (expenses on behalf of the company for one year for the year 2024 AD and without any preferential conditions) in the amount of 2,401,802 Saudi Riyals . 8- Voting on the business and contracts concluded between the company and Al-Hoshan Holding Company, in which the Chairman of the Board of Directors, Mr. Abdullah bin Ahmed Al-Manea, has an (indirect) interest, and the Vice Chairman, Mr. Khaled bin Abdulaziz Al-Babtain, has an (indirect) interest. These contracts are (end-of-service benefits for one year for the year 2024 AD and without any preferential conditions) in the amount of 38,038 Saudi Riyals. 9- Voting on the business and contracts concluded between the company and Al-Hoshan Holding Company, in which the Chairman of the Board of Directors, Mr. Abdullah bin Ahmed Al-Manea, has an (indirect) interest, and the Vice Chairman, Mr. Chairman Mr. Khalid bin Abdulaziz Al-Babtain has an (indirect) interest in it, which is (shared services for one year for the year 2024 AD, without any preferential conditions) in the amount of 4,577,886 Saudi Riyals . 10- Voting on the business and contracts concluded between the company and (Asas Pan the Gulf Real Estate Investment Company), in which the Chairman of the Board of Directors, Mr. Abdullah bin Ahmed Al-Manea, has an (indirect) interest, and the Vice Chairman, Mr. Khalid bin Abdulaziz Al-Babtain, has an (indirect) interest in it, which is (shared services for one year for the year 2024 AD, without any preferential conditions) in the amount of 2,863,147 Saudi Riyals . 11- Voting on the business and contracts concluded between the company and (Asas Pan the Gulf Real Estate Investment Company), in which the Chairman of the Board of Directors, Mr. Abdullah bin Ahmed Al-Manea, has an (indirect) interest, and the Vice Chairman, Mr. Khalid bin Abdulaziz Al-Babtain, has an (indirect) interest, which is (rents for one year for the year 2024 AD, without any preferential conditions). (Preferential) in the amount of 1,225,000 Saudi Riyals. 12- Voting on the business and contracts concluded between the Company and (Asas Pan the Gulf Real Estate Investment Company), in which the Chairman of the Board of Directors, Mr. Abdullah bin Ahmed Al-Manea, has an (indirect) interest, and the Vice Chairman, Mr. Khaled bin Abdulaziz Al-Babtain, has an (indirect) interest. These contracts are (expenses on behalf of one year for the year 2024 AD, without any preferential conditions) in the amount of 4,088,147 Saudi Riyals. 13- Voting on the distribution of cash dividends to shareholders for the fiscal year ending 12/31/2024 AD, in the amount of (7,500,000) Saudi Riyals, at (1) Saudi Riyal per share, representing (10%) of the nominal value of each share. The cash dividends will be due to shareholders who own shares at the end of trading on the day of the General Assembly. Provided that the date of distribution of profits shall begin within fifteen (15) working days from the date of entitlement to these profits specified in the General Assembly’s resolution. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders registered in Tadawulaty services may vote remotely electronically on the general assembly's agenda starting at 1:00 AM on Wednesday, 15/12/1446 AH (corresponding to 11/06/2025 AD) and continuing until the end of the general assembly meeting. Registration and voting in Tadawulaty services will be available and free to all shareholders using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | The right to register to attend the general assembly meeting ends at the time the general assembly meeting is held. The right to vote on the general assembly items for those present ends when the counting committee finishes counting the votes. |
| Method of Communication in Case of Any Enquiries | For any inquiries, please contact the Investor Management Department at:
- Phone number: 0114732595 - Email: customerservicecont@pangulfmarketing.com |
| Attached Documents | |
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