| Element List | Explanation |
|---|
| Introduction | The Board of Directors of Tabuk Agricultural Development Company are pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) which will be held at 6:30 PM on Sunday 26/06/2022 Corresponding to 27/11/1443 through means of modern technology. |
| City and Location of the General Assembly's Meeting | By means of modern technology |
At the Project of Tabuk Agri. Dev. Co.
| URL for the Meeting Location | www.tadawulaty.com.sa |
| Date of the General Assembly's Meeting | 2022-06-26 Corresponding to 1443-11-27 |
| Time of the General Assembly's Meeting | 18:30 |
| 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 | The general assembly meeting shall be held in the presence of shareholders representing at least a quarter of the company’s capital. If there is no quorum for this meeting, a second meeting shall be held one hour after the end of the duration of the first meeting, the second meeting shall be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1) Voting on the financial statements for the fiscal year ending on 31/12/2021. |
2) Voting on the Company's auditor's report for the fiscal year ending on 31/12/2021.
3) Voting on the Board of Directors' Report for the fiscal year ending on 31/12/2021.
4) Voting on discharging the members of the Board of Directors for the fiscal year ending on 31/12/2021
5) Voting on appointment of the Company's external auditor from among the nominees recommended by the Audit Committee, to review and audit the financial statements for the 2nd and 3rd quarter and the annual financial statements for the fiscal year 2022 and 1st quarter of the fiscal year 2023 along with determining their fees.
6- Voting on the updating the Policy for disbursing remunerations and entitlements to members of the Board of Directors and its committees (Attached).
| Proxy Form |  |
| E-Vote | The voting on the agenda items of the AGM will be solely electronically through Tadawulaty, which will start on Wednesday,22/06/2022 Corresponding to 23/11/1443, 10:00 AM. and ends at the closure of the General Assembly Meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by using the following link: https://www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting | Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes |
| Method of Communication | For inquiries about the OGA meeting, please feel free to contact the Shareholder Relations Department via Phone number: 0144500000 Ext.103 Email: magdy.abdellatef@tadco-agri.com |
| Additional Information | The company calls upon the shareholders to vote on the assembly’s articles, bearing in mind that the assembly’s articles are a statutory requirement, and the appointment of the external auditor will result in the completion of the audit procedures for the financial statements for the second quarter of 2022 AD. We note that the item of requesting the update of the policy for disbursing the remunerations and entitlements of the members of the Board of Directors and its committees was made in order for the formulation of the policy to comply with the Corporate Governance Regulations issued by the Capital Market Authority. |
| Attached Documents | |
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.