May 7.. “Al-Jouf Agricultural” GA to discuss authorizing BOD to ‎distribute interim profits for 2023‎

The Board of Directors of Al-Jouf Agricultural Development Company called on the shareholders to participate and vote in the thirty-sixth Ordinary General Assembly meeting (the first meeting), which is scheduled to take place at 18:30 pm on Sunday 10-17-1444 AH corresponding to 05-07-2023 AD, through technical means Modern using Tadawulaty system.

Assembly agenda:

1- Reviewing and discussing the report of the Board of Directors for the year that ended on December 31, 2022.

2- Voting on the auditor’s report for the year that elapsed on December 31, 2022 AD, after discussing it.

3- Reviewing and discussing the company’s financial statements for the year that ended on December 31, 2022.

4- To vote on appointing the company’s auditor from among the candidates based on the recommendation of the audit committee; This is to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2023 AD, and the first quarter of the fiscal year 2024 AD, and determine his fees.

5- Voting to absolve the members of the Board of Directors from liability for the fiscal year ending on 12-31-2022 AD.

6- To vote on authorizing the Board of Directors to distribute interim profits on a semi/quarterly basis for the fiscal year 2023 AD.

7- To vote on the business and contracts concluded between the company and Abdullah Al-Othaim Markets Company, in which the Chairman of the Board of Directors, Eng. Badr bin Hamed bin Abdul Raziq Al-Aujan, has an indirect interest in them, which are commercial transactions that took place according to the market conditions during the year 2022. Sales of olive oil and pickles amounting to 24,474,924 Saudi riyals (attached).

8- To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly, with the authorization contained in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with For the conditions stipulated in the executive regulations of the Companies Law for listed joint stock companies.

Shareholders registered in the issuer’s shareholder register at the Depository Center have the right to attend at the end of the trading session that precedes the meeting of the General Assembly and in accordance with the rules and regulations. Shareholders are also entitled to discuss the topics on the agenda of the Assembly and direct their inquiries.

According to Article (33) of the company’s bylaws, the legal quorum for holding the ordinary general assembly meeting of the company is the presence of shareholders representing at least (25%) of the capital. If the necessary quorum for holding this meeting is not available, the second meeting will be held. An hour after the end of the period specified for the first meeting, and in all cases the second meeting is valid regardless of the number of shares represented in it.

Electronic voting Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the assembly starting from 1 am on Wednesday 10-13-1444 AH corresponding to 03-05-2023 AD until the end of the time of the assembly, and registration and voting in Tadawulaty services will be available And free of charge for all contributors, using the following link: www.tadawulaty.com.sa