Aljouf Mineral Water Bottling Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Aljouf Mineral Water Bottling Co. is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), which will be held, God willing, at 8:30 PM on Wednesday, 12/22/1446 AH corresponding to 06/18/2025 AD - via modern technology. |
| City and Location of the General Assembly's Meeting | The company's main headquarters - Riyadh - using modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-18 Corresponding to 1446-12-22 |
| 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 issuer’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 shall also expire at the time the general assembly meeting is held, and the right to vote on the general assembly items for those present shall expire when the counting committee completes the counting of votes. |
| Quorum for Convening the General Assembly's Meeting | An ordinary general assembly meeting shall be valid if attended by shareholders representing at least a quarter of the capital. If the quorum required for holding this meeting is not present, a second meeting shall be held one hour after the expiry of the time specified for the first meeting, provided that the invitation to hold the first meeting includes an announcement of the possibility of holding this meeting. In all cases, the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1- Review and discuss the financial statements for the fiscal year ending December 31, 2024.
2- Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2024. 3- Vote to discharge the Board of Directors from liability for the fiscal year ending December 31, 2024. 4- Vote on the company's auditor's report for the fiscal year ending December 31, 2024, after discussing it. 5- Vote on the appointment of an auditor from among the candidates nominated by the Audit Committee, to examine, review, and audit the semi-annual and annual financial statements for the fiscal year 2025, and determine their fees. 6- Voting on the transactions and contracts concluded between the company and Development Works Company Limited (Holding Company), in which Mr. Ashry Al-Ashry, Chairman of the Board of Directors, has a direct interest. These transactions represent financing and expenses on behalf of the company. The debit transactions amount to SAR 22,439,188, and the credit transactions amount to SAR 11,828,519, with the balance as of December 31, 2024 being SAR 0.00. 7- Voting on the transactions and contracts concluded between the company and Wishah Al-Watan Company, in which Mr. Ashry Al-Ashry, Chairman of the Board of Directors, has a direct interest. These transactions represent financing and expenses on behalf of the company. The debit transactions amount to SAR 2,809,756, and the credit transactions amount to SAR 3,835,375, with the balance as of December 31, 2024 being SAR 0.00. 8- Voting on the transactions and contracts concluded between the company and Al Rai Environmental Services Company, in which Mr. Ashry Al Ashry, Chairman of the Board of Directors, has a direct interest. These contracts represent financing and expenses on behalf of the company. The debit transactions amount to SAR 3,785,109, the credit transactions amount to SAR 400,429, and the balance as of December 31, 2024 is SAR 0.00. 9- Voting on the transactions and contracts concluded between the company and Kasb Holding Company, in which Mr. Ashry Al Ashry, Chairman of the Board of Directors, has a direct interest. These contracts represent a previous balance. The debit transactions amount to SAR 17,425, the credit transactions amount to SAR 0.00, and the balance as of December 31, 2024 is SAR 0.00. 10- Voting on the business and contracts concluded between the company and Mr. Ashry Al-Ashry, Chairman of the Board of Directors, which are the closing of debts, noting that the debit transactions amount to 2,369,984 riyals and the credit transactions amount to 14,325,814 riyals, and the balance on 12/31/2024 is 11,955,831 riyals. |
| 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 General Assembly agenda and direct questions to the members of the Board of Directors. Voting in the 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 | Shareholders registered in Tadawulaty services will be able to vote electronically remotely on the assembly’s items starting at 1:00 AM on Saturday 18-12-1446 AH corresponding to 14-06-2025 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 | In case of any inquiry, we hope to contact the Shareholder Relations Department on mobile number 0533316907 - or via e-mail at board@ hilwawater.com. |
| Attached Documents |
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