Saudi Top votes on dividing nominal value of share from SAR 10 riyals to SAR 1

The Board of Directors of Saudi Summit Trading Company invited shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which will be held, God willing, on Sunday, 10/08/2023, via modern technology, which includes dividing the nominal value of the share from SAR 10 riyals to SAR one.

The Company explained that the extraordinary general assembly meeting is valid if it is attended by shareholders representing at least half (50%) of the capital according to the conditions stipulated in Article (35) of the bylaws. If this quorum is not present, the second meeting will be held one hour after the end of the period specified for holding the first meeting. In all cases, the second meeting will be valid if it is attended by shareholders representing at least a quarter of the capital.

Only shareholders registered in the Tadawulaty service (www.tadawulaty.com.sa) have the right to vote electronically on the agenda items for the extraordinary general assembly meeting, which will begin on 05-10-2023 at 01:00 AM until the end of time.

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.