ASharqiyah Development GA to vote on 2021 financial statements

The Board of Directors of ASharqiyah Development Co is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held via modern technology means, God Almighty, at 19:00 on monday 28/11/1443 AH corresponding to 27/06/2022 AD

General Assembly Meeting Agenda:

(1) Voting on the report of the Board of Directors for the financial year ended 31/12/2021.

(2) Voting on the report of the external auditor of the company for the financial year ended 31/12/2021.

(3) Voting on the Company’s consolidated financial statements for the year ended 31/12/2021.

(4) Voting on the selection of external auditor recommended by the Audit Committee to review the quarterly and annual financial statements from second quarter of the year 2022 to the first quarter for the year of 2023 and determine their fees.

(5) Voting on the discharge of the Board of Directors for the financial year ended 31/12/2021.

Note that the shareholders who are registered in the Tadawulati services will be able to vote remotely on the association’s items starting from 10 AM on Thursday 24/11/1443 AH corresponding to 23/06/2022 till the end time of the meeting . and the registration and voting in Tadawulati services will be available and free for all shareholders by using the link www.tadawulaty.com.sa,

Noting that the eligibility to attend the meeting of the association ends at the time of the meeting, and the right to vote on the association’s items for the attendees ends when the counting committee finishes counting the votes.

Each shareholder who is registered in the Company’s shareholders ’register at the Depository Center shall be entitled to attend the General Assembly meeting at the end of the deliberating session preceding the General Assembly meeting, according to the rules and regulations.

The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least one quarter of the company paid up capital. If the quorum for the first meeting is not completed, a second meeting shall be conducted one hour after the time allocated for the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.