Al Hammadi Assembly Discusses BOD Recommendation to Distribute SR72 mln of 2021

The Board of Directors of Al Hammadi Company for Development and Investment invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) scheduled to be held on 09.12.2021G via modern technology means provided by Tadawulaty.

This is to ensure the safety of the shareholders and in the context of supporting the preventive and precautionary efforts and procedures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19).

General Assembly Meeting Agenda includes:

Resolution 1- To vote on the BOD recommendation to distribute cash dividends amounting to SAR72 million to the shareholders for the fiscal year ended 31.12.2021 G at (SAR0.6) per share representing (6%) of the nominal value of the share, provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of assembly date, and who are registered in the Company shareholders registry held with the Security Depository Center Company (Edaa) at the end of the second trading day following the entitlement date, the distribution date will be determined later.

Resolution 2- To vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2022.