National Gypsum 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 National Gypsum Company is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, via modern technology means, on Wednesday, 28/01/2026, corresponding to 09/08/1447 AH. |
| City and Location of the General Assembly's Meeting | Through modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-01-28 Corresponding to 1447-08-09 |
| Time of the General Assembly’s Meeting | 19:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend the General Assembly meeting shall be granted to shareholders registered in the Company’s shareholders register at the Depository Center as of the end of the trading session preceding the General Assembly meeting, in accordance with the applicable laws and regulations. Attendance registration for the General Assembly meeting shall end at the time the meeting convenes, and the right to vote on the agenda items shall end upon the completion of vote counting by the counting committee. |
| Quorum for Convening the General Assembly's Meeting | For the Extraordinary General Assembly meeting to be valid, shareholders representing at least 50% of the capital must be present. If the quorum required to hold this meeting is not met, a second meeting shall be held one hour after the end of the period specified for convening the first meeting, and the second meeting shall be deemed valid if attended by shareholders representing at least 25% of the capital. |
| General Assembly Meeting Agenda | 1. Voting on amending the Company’s Articles of Association to comply with the new Companies Law, and rearranging and renumbering the articles to align with the proposed amendments. (Attached) |
2. Voting on transferring an amount of SAR 64,234,323 from the statutory reserve as shown in the financial statements to offset the accumulated losses amounting to SAR 64,234,323, as per the financial statements as of 30/09/2025. (Attached)
3. Voting on transferring an amount of SAR 30,765,675 from the statutory reserve as shown in the financial statements as of 30/09/2025 to the retained earnings account.
4. Voting on transferring an amount of SAR 3 from the statutory reserve as shown in the financial statements as of 30/09/2025 to the paid-up capital, so that the Company’s capital becomes SAR 316,666,670, with a nominal value of SAR 10 per share and a total number of 31,666,667 shares.
5. Voting on amending the Audit Committee Charter. (Attached)
6. Voting on amending the policy, standards, and procedures governing membership of the Board of Directors. (Attached)
7. Voting on amending the Remuneration and Nomination Committee Charter. (Attached)
8. Voting on amending the Remuneration Policy for the members of the Board of Directors, its subcommittees, and executive management. (Attached)
9. Voting on approving the policy and controls for engaging in competing businesses. (Attached)
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