AMlak’s GA to discusses BOD recommendation to distribute ‎‎72.5 mln cash dividends for 2022‎

The Board of Directors of AMLAK International Finance Company called on the shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held through modern technology, God willing, at exactly 19:30 pm on Tuesday 10/12/1444 AH corresponding to 05/02/ 2023 AD.

Assembly agenda:

1- Reviewing and discussing the report of the Board of Directors for the fiscal year ending on 12/31/2022.

2- Voting on the auditor’s report for the fiscal year ending on 12/31/2022.

3- Reviewing and discussing the financial statements for the fiscal year ending on 12/31/2022.

4- To vote on the recommendation of the Board of Directors to distribute cash dividends to shareholders in the amount of 72,480,000 riyals for the financial period ending on December 31, 2022 AD, at the rate of (0.80) Saudi riyals per share, which represents (8%) of the nominal share value, provided that Eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholder register at the Securities Depository Center (Edaa Company) at the end of the second trading day following the eligibility day, provided that the date of dividend distribution is announced later. (attached).

5- Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 12/31/2022 AD.

6- To vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2023 AD and the first quarter of the year 2024 AD and determine his fees.

7- Voting on the business and contracts that were concluded between AMLAK International Company and the Saudi Investment Bank, which are for members of the Board of Directors Majed Abdul Ghani Fakih (General Manager of Corporate Banking at the Saudi Investment Bank), and Khalid bin Abdulaziz Al Rayes (Chief Executive Officer of the Investment Capital Company Which is 100% owned by The Saudi Investment Bank) an indirect interest in it, as the Saudi Investment Bank owns 22.4% of the shares represented in AMLAK International Company, which is a renewal of credit facilities with the bank with a total value of 664,500,000 riyals for a period of one year One, noting that the value of the existing facilities (without due profit) amounted to 592,307,692 riyals until the end of the year 2022 without preferential conditions. (attached).

Shareholders registered in the issuer’s shareholder register at the Depository Center are entitled to attend at the end of the trading session that precedes the meeting of the General Assembly, according to the rules and regulations.

And according to Article (32) of the company’s articles of association, the legal quorum for holding the company’s ordinary general assembly meeting is the presence of shareholders representing at least half of the capital, and in the event that the quorum is not completed in this meeting, a second meeting will be held after one hour. The decision to hold the first meeting, and the second meeting will be valid regardless of the number of shares represented in it

Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the assembly, starting from 1:00 am on Friday 10/08/1444 AH corresponding to 04/28/2023 AD, until the end of the assembly time.

Registration and voting in Tadawulaty services will be available and free of charge to all shareholders, using the following link: https://www.tadawulaty.com.sa

The right to register attendance and vote The right to register to attend the assembly meeting ends at the time of the assembly meeting. Also, the right to vote on the articles of the assembly for those present ends when the sorting committee finishes sorting the votes