Herfy Food EGA to Discuss Amendment of Bylaws Relating To Accounts, Profits Distribution

The Board of Directors of Herfy Food Service Co. invites its shareholders to attend the Extraordinary Ordinary General Assembly Meeting (First Meeting) which will be held at 07:30 PM Wednesday 16/03/2022, online by modern technology, for ensuring the safety of the shareholders within the framework of enhancing the preventive and precautionary efforts and measures issued by the competent health authorities to control the spread of Coronavirus (Covid-19) and in continuation of the ongoing efforts exerted by all government authorities in Saudi Arabia to prevent the spread of the virus.

The shareholders registered with the Securities Depository Center at the end of the trading session before the assembly meeting according to the applicable policies and regulations.

The Extraordinary General Assembly meeting will be valid if attended by shareholders representing at least half of the capital. however, If the quorum required for holding this meeting is not achieved, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid if the shareholders attended representing at least a quarter of the capital.

The shareholders registered on the electronic trading service website (Tadawulaty) can vote remotely on the general assembly meeting’s agenda, as of 10:00 AM on Saturday, 12/03/2022 until the end of the assembly’s meeting. Registration and voting in Tadawulati services will be available and free for all shareholders through the following link: www.tadawulaty.com.sa

The eligibility to register attendance for the general assembly meeting ends at the time of the assembly meeting and the eligibility voting on the meeting’s agenda for all attendees will end when the vote-counting committee finalizes its vote-counting work.

Points of the Extraordinary General Assembly Herfy Food Services Company (first meeting)

1. Voting on the amendment of Article (Article 4) of the Company’s bylaws relating to (partnership and merger).
2. Voting on the amendment of Article (Article 8) of the Company’s bylaws relating to (premium shares).
3. Voting on the amendment of Article (Article 9) of the Company’s bylaws relating to (bonds).
4. Voting on the amendment of Article (Article 17) of the Company’s bylaws relating to (board setup).
5. Voting on the amendment of Article (Article 19) of the Company’s bylaws relating to (vacant position in the board).
6. Voting on the amendment of Article (Article 20) of the Company’s bylaws relating to (the board powers).
7. Voting on the amendment of Article (Article 21) of the Company’s bylaws relating to (the board chairman, Managing Director, and the secretary).
8. Voting on the amendment of Article (Article 23) of the Company’s bylaws relating to (the board meetings quorum and decisions).
9. Voting on the amendment of Article (Article 24) of the Company’s bylaws relating to (the board committees).
10. Voting on the amendment of Article (Article 25) of the Company’s bylaws relating to (the board members remunerations).
11. Voting on the amendment of Article (Article 29) of the Company’s bylaws relating to (general assemblies call for a meeting).

12.Voting on the amendment of Article (Article 31) of the Company’s bylaws relating to (quorum of the ordinary general assembly).

13.Voting on the amendment of the title of part five of the Company’s bylaws relating to (the company accounts and profits distribution) which will be part six (the company accounts and profits distribution).

14.Voting on the amendment of Article (Article 40) of the Company’s bylaws relating to (the company accounts and financial reports).

15.Voting on the amendment of Article (Article 41) of the Company’s bylaws relating to (profits distribution).

16.Voting on the Board of Directors’ decision to appoint Eng. Hussein Ali Al-Asmari – an independent member of the Board of Directors – as a member of the Audit Committee, starting from 21/06/2021 until the end of the current committee’s period on 30/04/2024, instead of the previous committee member MR: Isam Majed Al Muhaidib – Non Executive , the appointment will start from the date of the recommendation decision issued on 21/06/2021AD, and this appointment accompany in accordance with the work regulations of the Audit Committee.