‎“Fitaihi Group” GA to discuss BOD recommendation to ‎distribute SR11 mln cash dividends 2022‎

The Board of Directors of the Fitaihi Holding Group called on shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held on May 4, 2023 AD, by means of modern technology.

Agenda:

– Voting on the recommendation of the Board of Directors to pay cash dividends to shareholders for the fiscal year 2022 AD, at the rate of 40 halalas per share, which represents 4% of the nominal share value, with a total amount of 11 million riyals, provided that the eligibility is for shareholders who own shares on the day The meeting of the assembly and those registered in the company’s shareholder register at the Edaa Securities Center at the end of

The second trading day following the maturity date, provided that the dividend distribution date is 05/18/2023.

The quorum required for the meeting of the assembly is required for the validity of the meeting of this assembly to be attended by a number of shareholders representing at least 50% of the capital, based on the text of Article (31) of the company’s articles of association. In the event that this quorum is not available in the first meeting, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid if attended by a number of shareholders representing at least 25% of the capital.

Each shareholder registered in the company’s shareholder register at the Depository Center at the end of the trading session preceding the meeting of the General Assembly has the right to attend the meeting of the Assembly, according to the rules and regulations.

Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the assembly, starting from 1:00 am on Monday, corresponding to 01/05/2023, until the end of the time of the assembly.