AL –OTHAIM GA to discuss selling 13.6 mln shares

The Board of Directors of the Abdullah Al-Othaim Markets Company “The Company” is pleased to invite The Company’s shareholders to participate and votes in the ordinary general assembly meeting (first meeting), which will be held on Tuesday 1 Rabi’ al-Awwal 1444H corresponding to 27th September 2022G at 06:30 PM in the Company Head Quarter in Riyadh City, through modern technology means using the Tadawulaty system through the link (www.tadawulaty.com.sa )

General Assembly Meeting Agenda:

1) Voting on the transactions and contracts that will be concluded between the company and Al Othaim Holding Company, where each of (the Chairman of the Board of Directors Mr. Abdullah Saleh Ali Al Othaim, and the Board of Member Mr. Abdulaziz Abdullah Saleh Al Othaim) they have an indirect interest, the transaction is selling the shares owned by Abdullah Al-Othaim Markets Company in the capital of Abdullah Al-Othaim Investment Company amounting to (13,653,850) shares with a total value of SR (846,538,700) ,without any preferential conditions (attached) .

2) Voting on the transactions and contracts that will be concluded between the company and Abdullah Al-Othaim Investment Company, where each of (the Chairman of the Board of Directors Mr. Abdullah Saleh Ali Al Othaim, and the Board of Member Mr. Abdulaziz Abdullah Saleh Al Othaim) they have an indirect interest, the transaction is selling a land owned by Abdullah Al-Othaim Markets Company in Madinah Al-Munwarah , with an area of (105,663.79) square meters with a total value of SR (211,327,580), without any preferential conditions (attached).

We also wish to point out the possibility of automated voting on the Assembly Agenda through the automated voting service starting 01:00 AM on Saturday 24/09/2022G, until the end of the assembly time, registration and voting in Tadawulaty services will be free and available through using the link (www.tadawulaty.com.sa ).