Alujain Corp. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) via modern technology means
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Alujain Corp. is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (No.36), (First Meeting), which is scheduled to be held, God willing, at 07:30 pm on Sunday 20-11-1446 AH corresponding to 18-05-2025 via modern technology means provided by Tadawulaty |
| City and Location of the General Assembly's Meeting | Riyadh - Head Office - By Means of Modern Technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-05-18 Corresponding to 1446-11-20 |
| 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 | Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre at the end of the trading session preceding the General Assembly’s meeting as per Laws and Regulations |
| Quorum for Convening the General Assembly's Meeting | The quorum for holding the Ordinary General Assembly shall be considered valid if attended by shareholders who represent at least 25% of company’s capital. If the required quorum has not been met, a second meeting will be held one hour from the time the first meeting was supposed to convene. The second meeting shall be valid regardless of the number of shares represented in it |
| General Assembly Meeting Agenda | 1- View and discuss the Board of Directors' report for the fiscal year ending on 31-12-2024. |
2- View and discuss the financial statements for the fiscal year ending on 31-12-2024.
3- Voting on the auditor's report on the Company’s accounts for the fiscal year ending on 31-12-2024, after discussing it.
4- Voting on the company’s dividend policy for the years 2025 and 2026:
a. distribute dividend to the company shareholder amounted SAR 0.75 per share for each quarter for the next two years, beginning with the first-quarter distributions of 2025 and ending with the fourth-quarter distributions of 2026. The continuity of the dividend distribution policy is subject to change based on the following:
i. Any material changes in the company's strategy and business.
ii. Increases in the company's investments and future projects.
iii. Any current or future commitments to financing entities related to financing the company's projects.
5- Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending 31-12-2025.
6- Voting on appointing the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review and audit the second quarter, third quarter and annual financial statements of the fiscal year 2025 G, and the first quarter, second quarter, third quarter and annual financial statements of the fiscal year 2026 G, and the first quarter of the fiscal year 2027 G, and the determination of the auditor remuneration.
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