Kingdom Holding invites shareholders to attend First Meeting of General Assembly

The Board of Directors Kingdom Holding Co. invited the company’s shareholders to participate and vote in the company’s Extraordinary General Assembly Meeting (First Meeting) scheduled to be held on Sunday April 17^th, 2022. Following the precautionary measures by the competent and relevant health authorities in the Kingdom of Saudi Arabia to control Covid-19, the meeting will be virtual as an extension of the continuous efforts made by all government entities in the Kingdom of Saudi Arabia to prevent its spread.

The company indicated that the 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.

Shareholders of the company will vote on the following agenda items:

1- Voting on the Board of Director’s report for the fiscal year ending on 31/12/2021.

2- Voting on the auditors’ report for the year ended as of 31/12/2021.

3- Voting on the financial statements for the year ended 31/12/2021.

4- Voting to absolve the members of the Board of Directors from liability for the past year 2021.

5- Voting to appoint the Company auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second, third quarters and the annual financial statements for the fiscal year of 2022 and the annual financial statements for the fiscal year 2022 and the first quarter of the fiscal year 2023 and to determine the fees to be paid to the auditor.

6- Voting on the dividends distributed for the year 2021 which equals 50 Halalah per share, and (5%) of the capital.

7- Voting on the disbursement of an amount of six hundred thousand Saudi Riyal (SAR 600,000) being the remuneration due to the Independent Board of Directors an amount of one hundred thousand Saudi Riyal (SAR100,000) for each member. for the fiscal year ending on December 31, 2021 AD.

8- Voting to amend Article (17) of the Bylaws relating to (the board of directors composition) in accordance with the (attached).

9- Voting to amend Article (23) of the Bylaws relating to (Board member Meetings) in accordance with the (attached).

10-Voting to amend Article (32) of the Bylaws relating to (procedure for calling general assemblies) in accordance with the (attached).

11- Voting to amend Article (43) of the Bylaws relating to (the audit committee report) in accordance with the (attached).

12- Voting to amend Article (47) of the Bylaws relating to (financial reports) in accordance with the (attached).

13- Voting to: amend Article (48) of the Bylaws relating to (dividend distribution) in accordance with the (attached).

– Voting on the Board of Directors’ recommendation to distribute cash dividends amounted (1,037.6) million riyals to shareholders for the financial period (2022 AD), amounting to SAR0.28 per share issued for the whole year, representing 2.8% of the nominal value of the share, and the distribution will be done on a quarterly basis at the rate of 0.7% of the nominal value of the share, at the rate of 7 halalas per quarter for each issued share, for a total of SAR259.4 million per quarter, provided that the eligibility for shareholders payments as follows:

First payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 16/09/1443 A.H corresponding to 17/04/2022 and will be paid on 04/26/2022 AD.

Second payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 01/12/1443 A.H corresponding to 30/06/2022 and will be paid ten working days after the second trading day following the eligibility date.

Third Payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 03/03/1444 A.H corresponding to 29/09/2022 and will be paid ten working days after the second trading day following the eligibility date.

Fourth Payment: eligibility will be based on the records of registered shareholders according to company records at the end of trading on the day of 05/06/1444 A.H corresponding to 29/12/2022 and will be paid ten working days after the second trading day following the eligibility date.