Academy of Learning GA to discuss distributing SR9 mln profits for 1H

The Board of Directors of the Academy of Learning Company is pleased to invite the shareholders to participate in the Ordinary General Assembly meeting (the first and second meeting after an hour), which will be held via means of modern technology, at 18:30 pm on Tuesday 25-01-1444 AH corresponding to 23-08-2022 AD. By means of modern technology.

General Assembly Meeting Agenda:

1- To Vote on the dividend policy for the years 2022, 2023, 2024 AD. (attached)

2- To Vote on the Board of Directors’ recommendation to distribute the amount of (9,000,000) Saudi riyals cash dividends to the shareholders for the first half of 2022 AD, and the dividend per share is 1.5 riyals, representing 15% of the nominal value per share, provided that the eligibility is for the shareholders who own the shares at the end of trading The day of the General Assembly meeting and those 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 due date, the dividend distribution date will be announced later.

3- To vote on the Board of Directors’ decision to appoint Mr. Saadoun bin Khalid Al-Khalidi (Non-Executive Member) as a member of the Board of Directors replacing the previous member, Ms. Suha Saad Al-Seif (Non-Executive Member) starting from the date of his appointment on 19/07/2022 AD and until the end of the current board term on 25/6/2026 AD. (CV attached).

The legal quorum for convening this assembly is the presence of shareholders representing half of the capital, and in the event that the necessary quorum to hold the meeting is not complete, the second meeting will be held an hour after the end of the period specified for convening the first meeting, and the second meeting will be valid regardless of the number of shares represented in it, in accordance with Article 31 of the company’s articles of association.

The shareholders registered in Tadawulaty services may vote remotely on the agenda of the General Assembly Meeting starting at 10:00 AM on Friday, 01/21/1444 AH corresponding to 08/19-2022AD, until the time the general assembly meeting ends. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the (E-Voting) services at:

https://www.tadawulaty.com.sa

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.