Mayar Holding GA discusses transferring SAR 1.58 million of statutory reserve to retained earnings on July 30

Mayar Holding Company invited the shareholders to participate and vote in the Extraordinary & Ordinary General Assembly Meeting (first & Second meetings an hour after the first), which is scheduled to be held on Sunday, 30.07.2023, whereas the meeting’s agenda includes voting on transferring an amount of SAR 1.58 million of the statutory reserve as in the financial statements for the year ending on (31.12.2022) to retained earnings. Attendance eligibility will be for shareholders who are registered in the issuer’s shareholders record at the Depositary Centre by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate to whomever other than the board of directors.

The quorum for holding the Extraordinary General Assembly meeting is 50% of the Company’s capital, In the absence of a quorum required for holding the meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by a number of shareholders representing at least a quarter of the capital.