Abdulmohsen Alhokair Group for Tourism and Development Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Decrease and Increase ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Abdul Mohsen Al Hokair Group for Tourism and Development is pleased to announce the results of the Extraordinary General Assembly (first meeting) held on Thursday 08/07/2021 corresponding to 11/28/1442 at 7:30 pm after the quorum was completed to validate the assembly The attendance rate reached 54.63% from capital .
City and Location of the Extraordinary General Assembly's Meeting	Riyadh city - head quarter - through modern technology
Date of the Extraordinary General Assembly's Meeting	2021-07-08 Corresponding to 1442-11-28
Time of the Extraordinary General Assembly's Meeting	19:30
Percentage of Attending Shareholders	%54.63
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1- Mr. Majid bin Abdul Mohsen Al Hokair (Chairman of the Board of Directors)

2- Mr. Omar bin Abdulaziz Al-Jalal (Vice Chairman of the Board of Directors)

3- Mr. Sami bin Abdul Mohsen Al Hokair (Managing Director)

4- Mr. Raed bin Abdulaziz Abu Zinada

5- Mr. Bandar bin Khaled Al Hokair

6- Mr. Faisal bin Muhammad Amin Shaker

7- Mr. Iyad bin Abdul Rahman Al-Bunyan

8- Mr. Ramzi Kanaan Abu Khadra

9- Mr. Khaled Anib Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf Mr. Ramzi Kanaan Abu Khadra (chairman of the Audit Committee)

Mr. Ayad bin Abdulrahman albanyan (Chairman of the Nominations and Remunerations Committee)

Mr. Sami bin Abdul Mohsen Al Hokair (Chairman of the Executive Committee) Voting Results on the Items of the General Assembly's Meeting Agenda's The Extraordinary General Assembly of the company's shareholders has approved the agenda, where the results of the voting were as follows

1- approval on the recommendation of the Board of Directors of the company to reduce the company's capital according to the following:

- Company capital before reduction: 550 million (550,000,000) Saudi Riyals

- Company capital after reduction: 343 million (343,000,000) Saudi riyals.

Number of shares before reduction: 55 million (55,000,000) shares.

- Number of shares after reduction: thirty-four and three hundred thousand million (34,300,000) shares.

- Reduction percentage:37.6% of the company's capital.

- Reason for capital reduction To write off the accumulated losses amounting of two hundred and seven million (207,000,000) Saudi Riyals

- Capital Reduction Method: By canceling 20,700,000 shares of the Company, will be reduced (1) share per (2.6970) shares.

- Reduction date: End of the second trading day following the extraordinary General Assembly in which capital reduction is decided.

- Impact of capital reduction on the company's obligations: there is no impact of the reduction of the company's capital on its financial obligations.

- Amendment of Article (7) of the Company's Capital Statute .

- Amendment of Article (8) of the Company's Stock Subscription Statute .

2- approval on the recommendation of the Board of Directors of the company to increase the company's capital by offering priority rights according to the following:

- Capital before increase: 343 million (343,000,000) Saudi riyals.

- Increase the company's capital by offering priority rights shares worth three hundred and seven million (307,000,000) Saudi Riyals.

- Capital after increase: six hundred and fifty million (650,000,000) Saudi riyals.

- Number of shares before the increase: thirty-four million and three hundred thousand (34,300,000) shares.

Number of shares after increase: Sixty-five million (65,000,000) shares.

- Reason for capital increase: raising the company's solvency and reducing borrowing rates and costs incurred from it.

- How to increase capital: Offering and listing priority rights shares with 30,700,000 shares.

- Eligibility Date: due to approval on that item , the right to shareholders who own the shares will be on the day of the extraordinary General Assembly, which is listed in the company's shareholders' register with the Securities Deposit Center Company (Deposit Center) at the end of the second trading day following the date of the extraordinary General Assembly..

- Amendment of Article (7) of the Company's Capital Statute

- Amendment of Article (8) of the Company's Stock Subscription Statute . Additional Information In case of inquiries, please call 0114134444 or e-mail: IR@alhokair.com

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.