Al-Jouf Agricultural GA discusses authorizing BOD to distribute interim dividends for 2022

The Board of Directors of Al-Jouf Agricultural Development Company invited shareholders to participate and vote in the 35rd General Assembly Meeting (the first meeting) scheduled to be held on Thursday 12.05.2022 through modern technology using the tadawulaty system.

General Assembly Meeting Agenda

1. Voting on the Board of Directors’ report for the fiscal year ending on 31.12.2021.

2. Voting on the auditor/s report on the Company’s accounts for the fiscal year ending on 31.12.2021.

3. Voting on the financial statements for the fiscal year ending on 31.12.2021.

4. Voting on appointing the (auditor/s) for the Company from among the candidates based on the Audit Committee’s recommendation. The appointed auditor/s shall examine, review, and audit the (second, third,) quarter and annual financial statements, of the fiscal year2022, and the first quarter of the fiscal year 2023, and the determination of the auditor’s remuneration.

5. Voting on releasing Board of Directors members from liability for the fiscalyear ending 31st December 2021.

6. Voting on the authorizing the Board of Directors to distribute interim dividends in a semiannual or quarterly manner for the fiscal year 2022

7. Voting on the business and contracts that took place between thecompany and Abdullah Al-Othaim Markets Company, in which the Chairman of the Board of Directors Eng. Bader bin Hamed bin Abdul, Razek Al-Aujan has an indirect interest, which are commercial transactions carried out in accordance with market conditions, sales of olive oil and pickles at an amount of SR12,472,781.

8. Voting on delegating the Board of Directors to the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors’ session, whichever is earlier, in accordance with the conditions set forth in the issued regulations and procedures In implementation of the Companies Law for Listed Joint Stock Companies

The company assures to all its shareholders that registration and voting are limited to the assembly’s items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform on Sunday 08.0.2022 till the end of Convening time of the assembly.

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.