Retal GA to discuss BOD recommendation to distribute SR80 ‎mln cash dividends for H1‎

The Board of Directors of Retal Urban Development Company, a Saudi Listed Joint Stock Company, is pleased to invite the shareholders to attend the Extraordinary General Assembly Meeting (First Meeting), scheduled on Thursday, September 29, 2022G (3 – 3- 1444H) that will be conducted via the means of modern technology through Tadawulaty Platform (https://www.tadawulaty.com.sa) which allows shareholders to participate in the deliberation and vote on the agenda items.

General Assembly Meeting Agenda:

1-Voting on the recommendation of the Board of Directors to approve the distribute cash dividends in the amount of (2.00) Saudi riyals (two Saudi riyals) per share to shareholders for the fiscal period (30 – 6 – 2022 AD), of aggregate amount (80 million Saudi Riyals. 20% of the nominal value of share, provided that the eligibility is for the shareholders owning the shares at the end of trading on the day of the meeting General and registered in the company’s shareholders register with the Edaa Center Company (Edaa Center) at the end of the second trading day following the eligibility date. Dividend distribution will start on Wednesday 12-10 2022 AD.

2-Voting on amending the company’s corporate governance policy. (attached)

3-Voting on amending the title of the company’s bylaws related to (the title). (attached)

4-Voting on the amendment of Article (1) of the company’s bylaws, related to (Conversion). (attached)

5-Voting on the amendment of Article (2) of the company’s bylaws, related to (company name). (attached)

6-Voting on the amendment of Article (12) of the company’s bylaws, related to (the register of shareholders). (attached)

7-Voting on the amendment of Article (20) of the company’s bylaws, related to (the authorities of the Chairman, Deputy, Managing Director and Secretary). (attached)

8-Voting on the amendment of Article (21) of the company’s bylaws, related to (Board meetings). (attached)

9-Voting on the amendment of Article (22) of the company’s bylaws, related to (board meeting quorum). (attached)

10-Voting on the amendment of Article (23) of the company’s bylaws, related to (the Board’s deliberations). (attached)

11-Voting on the amendment of Article (29) of the company’s bylaws, related to (invitation to assemblies). (attached)

12-Voting on the policies, criteria and procedures for candidacy for membership of the Board of Directors. (attached)

13-Voting on the participation in business competing with the company’s business. (attached)

14-Voting on delegating the Board of Directors with the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions contained in the issued regulations and procedures In implementation of the Companies Law for Listed Joint Stock Companies.

Shareholders registered in Tadawulaty Platform will be able to vote remotely via Tadawulaty Platform, which will start on, Sunday 25 September 2022G (29 – 2 – 1444H) 1:00 a.m. until the end of the time of the Extraordinary General Assembly Meeting, registration in Tadawulaty Platform is free of charge to all shareholders by using the following link. (www.tadawulaty.com.sa).

Eligibility for Registering 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 the Votes