September 24th: Alwasail Industrial Assembly Discusses BOD Recommendation to Distribute SAR 0.05 Cash Dividends Per Share 

Alwasail Industrial Co. invited shareholders to participate and vote in the ninth Extraordinary General Assembly Meeting (first meeting) scheduled to be held on Tuesday, September 24. The items included voting on the Board of Directors’ recommendation to distribute cash dividends amounting to SAR 12.5 million to shareholders for the financial period ending on June 30, 2024, at a rate of SAR 0.05 per share and at a rate of 5% of the nominal value of the share. The eligibility is for shareholders who own shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholders’ register with the Securities Depository Centre Company (Depository Centre) at the end of the second trading day following the due date. The date of dividend distribution will be announced later.

Shareholders registered in the issuer’s shareholders’ register at the Depository Centre by the end of the trading session preceding the General Assembly Meeting have the right to attend, in accordance with the rules and regulations. Shareholders have the right to appoint a representative of their choice, excluding members of the company’s Board of Directors. The right to register attendance at the General Assembly Meeting ends when the Meeting starts and the right to vote on the General Assembly Items for those present ends when the sorting committee completes the vote count.

The Extraordinary General Assembly Meeting will be valid if attended by shareholders representing at least half of the capital. If the required quorum to hold this meeting is not met, a second meeting will be held one hour after the end of the scheduled end of the first meeting. The second meeting will be valid if attended by shareholders representing at least a quarter of the capital.

The agenda of the Assembly is as follows:

• Voting on the appointment of the company’s auditor from among the candidates based on the recommendation of the Audit Committee to examine, review, and audit the annual financial statements for 2024, including the first, second, and third quarters, as well as the annual statements for FY 2025 and the first quarter of FY 2026, and determining their fees.

• Voting on amending Article (16) of the Company’s Bylaws related to the composition of the Board of Directors.

• Voting on amending the Audit Committee Bylaws.

• Voting on the Remuneration and Nominations Committee Bylaws.

• Voting on the policies, standards, and procedures for Board of Directors membership.

• Voting on the Governance Bylaws.

• Voting on the Board of Directors’ Work Bylaws.

• Voting on the policy to regulate conflicts of interest and competition standards.

• Voting on the policy to regulate relations with stakeholders.

• Voting on the policy of competition controls and standards.