4150 · 05/06/2022 08:34:59 · Announcement #68660 · View on Saudi Exchange

Riyadh Development Company announces that it has received a letter from shareholders who make up more than (5%) of the company’s capital with a request to add an item to the agenda of the next general assembly

Element ListExplanation
Announcement Detail Riyadh Development Company announces that it has received a letter on 01/06/2022 AD from seven shareholders who constitute more than (5%) of the company’s capital, with a request to add the following item to the agenda of the next upcoming general assembly:

Voting to distribute an amount of (88,888,888.5) Saudi riyals at 50 halalas per share from the balance of retained earnings.

This item will be added at the nearest general assembly, which will be announced at a later date for voting.

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.