Retal Urban Development Company invites its shareholders to attend The Extraordinary General Assembly Meeting (First Meeting) by means of modern technology.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Retal Urban Development Company, a Saudi Listed Joint Stock Company, is pleased to invite the shareholders to attend the Extraordinary General Assembly Meeting (First Meeting), scheduled on Thursday, September 29, 2022G (3 – 3- 1444H) that will be conducted via the means of modern technology through Tadawulaty Platform (https://www.tadawulaty.com.sa) which allows shareholders to participate in the deliberation and vote on the agenda items. |
| City and Location of the General Assembly's Meeting | Khobar - Retal Urban Development Company Head Office - By means of modern technology. |
| URL for the Meeting Location | https://www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-09-29 Corresponding to 1444-03-03 |
| Time of the General Assembly's Meeting | 19:00 |
| Attendance Eligibility | 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 | According to Article 32 of the Company Bylaw, a meeting of the Extraordinary General Assembly shall be valid only if attended by Shareholders representing at least 50% of the Company capital. |
| General Assembly Meeting Agenda | 1-Voting on the recommendation of the Board of Directors to approve the distribute cash dividends in the amount of (2.00) Saudi riyals (two Saudi riyals) per share to shareholders for the fiscal period (30 - 6 - 2022 AD), of aggregate amount (80 million Saudi Riyals. 20% of the nominal value of share, provided that the eligibility is for the shareholders owning the shares at the end of trading on the day of the meeting General and registered in the company’s shareholders register with the Edaa Center Company (Edaa Center) at the end of the second trading day following the eligibility date. Dividend distribution will start on Wednesday 12-10 2022 AD. |
2-Voting on amending the company's corporate governance policy. (attached)
3-Voting on amending the title of the company's bylaws related to (the title). (attached)
4-Voting on the amendment of Article (1) of the company's bylaws, related to (Conversion). (attached)
5-Voting on the amendment of Article (2) of the company's bylaws, related to (company name). (attached)
6-Voting on the amendment of Article (12) of the company's bylaws, related to (the register of shareholders). (attached)
7-Voting on the amendment of Article (20) of the company's bylaws, related to (the authorities of the Chairman, Deputy, Managing Director and Secretary). (attached)
8-Voting on the amendment of Article (21) of the company's bylaws, related to (Board meetings). (attached)
9-Voting on the amendment of Article (22) of the company's bylaws, related to (board meeting quorum). (attached)
10-Voting on the amendment of Article (23) of the company's bylaws, related to (the Board's deliberations). (attached)
11-Voting on the amendment of Article (29) of the company's bylaws, related to (invitation to assemblies). (attached)
12-Voting on the policies, criteria and procedures for candidacy for membership of the Board of Directors. (attached)
13-Voting on the participation in business competing with the company's business. (attached)
14-Voting on delegating the Board of Directors with the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions contained in the issued regulations and procedures In implementation of the Companies Law for Listed Joint Stock Companies.
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