SIDC GA Discusses Business and Contracts to be made with Related Parties

The Board of Directors of Saudi Industrial Development Company “SIDC” invited the valued shareholders to participate and vote in the General Assembly Meeting No.35 to be held by Means of Modern Technology on Thursday 16/06/2022.

Attendance eligibility is represented in 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.

The Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least 25% of the Company’s capital. In the absence of a quorum required for holding this meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented.

Shareholders registered in Tadawulaty will be able to vote electronically on Assembly Agenda. Electronic voting will start from of Tuesday 14/06/2022 and will last until the end of the Assembly time.

Eligibility for registering for 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 of the votes.

Attached Documents:

– Voting on the business and contracts that are concluded between the company (the Global Company for Marketing Sleeping Products – Sleep High – a subsidiary company) and Emdad Logistic Services Company Ltd., one of its subsidiary companies, in which two members of the Board of Directors, Mr. Ahmed bin Abdullah Al Kanhal (Non-Executive Member) and Mr. Ibrahim bin Abdullah AlHomaidhi (Non-Executive Member) own shares for the transfer, handling and storage of “Sleep High” products based on the number of trips executed and the amount of products and leased storage spaces (contract for providintransportation, handling and storage services).