Almunajem GA to discuss SR120mln profit distribution for 2021

The Board of Directors of Almunajem foods Company is pleased to invite its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting the second after an hour) which will be held online by modern technology at 19:30 PM Wednesday 01/06/2022 G corresponding to 02/11/1443 H.

The Meeting Agenda:

1. To vote on the amendment of Article Two of the Company’s Bylaws , (Attached)

below:

1. To vote on the Board of Directors’ report for the fiscal year ended 31 December 2021 A

3 . To vote on the financial statements for the fiscal year ended 31 December 2021.

1. To vote on the auditors report on the financial statements for the fiscal year ended 31

December 2021 AD. (Attached)

1. To vote on the release of the Board of Directors members from liability for the fiscal year

ended 31 December 2021 AD.

1. To vote on the payment of the Board of Directors’ remuneration amounting in total to SR

750,000 for the fiscal year ended 31 December 2021.

1. To vote on the recommendation of the board of directors to pay cash dividends amounting to

SR 120,000,000 for 2021 at SR 2 per share, which represents 20% of the company’s capital for

shareholders who registered on Tadawul at the end of the second trading day following the

General Assembly Meeting.

1. To vote on the appointment of the external auditors of the Company from among the candidates,

based on the Audit Committee recommendation, to review the quarterly

financial statements of the company for the second and third quarters of the fiscal year 2022 and

the first quarter of the fiscal year 2023, and to audit the financial statements for the financial

year ending 31 December 2022, and determining their fees. (Attached)

9.To vote on delegating the board of directors to distribute interim dividends on a semi~annual or

quarterly basis to shareholders for the fiscal year 2022.

10.To vote on the business and contracts concluded between the company and France Poultry, in

which the members of the board of directors, Mr. Saleh bin Abdullah Almunajem, Mr. Fahd bin

Abdulmohsen Alfadley, and Mr. Abdullah Omar Bawazir have an indirect interest, which are food

purchases from France Poultry. And the value of these works during the year 2021 (475,702,504

Saudi riyals) , bearing in mind that there are no preferential conditions in these works.