May 31 .. “Burgerizer” GA discusses splitting share nominal ‎value from 10 riyals to one riyal

The Board of Directors of the Sandwich House Fast Food Restaurant Company invited the shareholders to attend the extraordinary general assembly meeting (the first meeting), which is scheduled to be held at exactly half past six in the evening on Wednesday, corresponding to 5/31/2023 AD, through modern technology means.

Agenda:

To vote on the division of the company’s shares according to the following:

1- The nominal value of the share before the amendment is 10 riyals per share

2- The nominal value of the share after the adjustment is one riyal

3- The number of shares before the amendment is 3.5 million shares

4- The number of shares after the amendment is 35 million shares, without any change in the capital before and after the process of dividing the shares.

The meeting of the (extraordinary) General Assembly shall be valid if attended by shareholders representing (at least half 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 the second meeting will be valid if attended by shareholders representing at least a quarter of the capital.

Each shareholder registered in the company’s shareholder register at the Depository Center has the right to attend at the end of the trading session that precedes the meeting of the General Assembly, according to the rules and regulations, and the shareholder has the right to discuss the topics on the agenda of the assembly and ask questions.

Shareholders registered in Tadawulaty services can vote remotely on the items of the Extraordinary General Assembly, starting from 1 am on Saturday corresponding to 05/27/2023 AD until the end of the meeting time. Voting and registration in Tadawulaty service will be available and free for all shareholders.