Raoom GA to discuss capital increase to SR12.5 mln

The Board of Directors of Raoom Company is pleased to invite the shareholders to participate and vote in the extraordinary general assembly meeting (The first meeting), which is scheduled to be held, God willing, at 6:30 pm on Sunday 09/01/1444 AH corresponding to 07/08/2022 AD by means of modern technology.

General Assembly Meeting Agenda:

Vote on the Board of Directors’ recommendation to increase the company’s capital by granting free shares according to the following:

1. a) The total amount of the increase (12,500,000) Saudi riyals.
2. B) The capital before the increase (50,000,000) Saudi riyals, and the capital after the increase will become (62,500,000) Saudi riyals at a rate of 25%
3. C) The number of shares before the increase is (5,000,000) shares, and the number of shares after the increase will become (6,250,000) shares.
4. d) This recommendation aims to enhance the company’s resources, which will contribute to achieving good growth rates in the coming years.
5. c) The increase will be made by capitalizing an amount of SAR (12,500,000) from the retained earnings account, by granting one (1) share for every (4) shares owned.
6. h) In the event of fractional shares, the fractions will be grouped into one portfolio for all shareholders and sold at the market price. Their value is distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding (30) days from the date of determining the new shares due to each shareholder.
7. g) In the event that the company’s shareholders in the extraordinary general assembly meeting agree to increase the capital, the eligibility will be for the shareholders who own the shares at the end of trading on the day of the general assembly and are registered in the company’s shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date The Extraordinary General Assembly.

Shareholders registered in the Tadawulati services will be able to vote electronically remotely on the items of the assembly starting from 0 on Saturday 11/11/1443 AH corresponding to 10/06/2022 AD until the end of the time of the assembly, and registration and voting in the trading services will be available and free for all shareholders.

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.