July 31: Retal GA Discusses Authorising BOD to Distribute Interim Dividends for 2025

Retal Urban Development Company announced on Tuesday that it invited shareholders to participate in and vote at the Ordinary General Assembly Meeting (First Meeting), scheduled for Thursday, July 31. The agenda includes voting on authorising the Board of Directors to distribute interim dividends semi-annually or quarterly for the fiscal year 2025.

The remaining agenda items are as follows:

– Voting on authorising the Board of Directors to exercise the authority of the Ordinary General Assembly to authorise the Board of Directors under Paragraph (1) of Article Twenty-Seven of the Companies Law, subject to the conditions set forth in the regulations, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorised Board of Directors, whichever comes first, in accordance with the regulatory procedures of the Companies Law for listed joint-stock companies issued pursuant to the Companies Law; and

– Voting on authorising the Board of Directors to exercise the powers of the Ordinary General Assembly to authorise the General Assembly under Paragraph (2) of Article Twenty-Seven of the Companies Law for a period of one year from the date of the General Assembly’s approval or until the end of the term of the authorised Board of Directors, whichever comes first. This authorisation applies to businesses and activities related to real estate development, construction, and general construction of residential, non-residential and governmental buildings, real estate leasing, the purchase, sale and division of real estate, off-plan sales, real estate management, real estate brokerage, engineering consulting, real estate activities, and general building cleaning.

Shareholders registered in the issuer’s shareholders’ register at the Depository Center by the end of the trading session preceding the General Assembly Meeting are eligible, in accordance with the rules and regulations. Shareholders may delegate a representative of their choice from among those who are not members of the Company’s Board of Directors. The right to register to attend the General Assembly Meeting expires at the time of the Meeting, and the right to vote on the agenda items for those present expires when the counting committee completes the vote count.