Banan GA votes on amending Article 20 of the Company’s bylaw on Sep. 11

The Board of Directors of Banan Real Estate Company invited its shareholders to participate and vote in the Extraordinary General Assembly meeting (first meeting), which is scheduled to be held on Sep. 11, 2023.

The company stated on Sunday on Tadawul that the attendance eligibility is for shareholders who are registered in the issuers 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 whomever other than the board of directors.

General Assembly Meeting Agenda:

1- To vote on the amendment of Article No. (13) of the company’s bylaws which is related to the shareholder register. Attached.

2- To vote on the amendment of Article No. (14) of the company’s bylaws which is related to the capital increase. Attached.

3- To vote on amending Article No. (19) of the company’s bylaws which is related to the powers of the board. Attached.

4- To vote on the amendment of Article No. (20) of the company’s bylaws which is related to the remuneration of board members. Attached.

5- To vote on amending Article No. (21) of the company’s bylaws which is related to the powers of the president, deputy, managing director and secretary. Attached.

6- To vote on amending Article No. (26) of the company’s bylaws which is related to the invitation to assemblies. Attached.

7- To vote on amending Article No. (28) of the company’s bylaws which is related to the quorum of the Ordinary General Assembly meeting. Attached.

8- To vote on amending Article No. (29) of the company’s bylaws which is related to the quorum of the Extraordinary general assembly meeting. Attached.

9- To vote on the amendment of Article No. (30) of the company’s bylaws related to voting in assemblies. Attached.

10- To vote on amending Article No. (31) of the company’s bylaws which is related to decisions in assemblies. Attached.

11- To vote on amending Article No. (34) of the company’s bylaws which is related to taking decisions of the assembly by circulation. Attached.

12- To vote on the amendment of Article No. (35) of the company’s bylaws related to the appointment of the auditor. Attached.

13- To vote on the amendment of Article No. (36) of the company’s bylaws related to the powers of the auditor. Attached.

14- To vote on the amendment of Article No. (37) of the company’s bylaws related to the fiscal year. Attached.

15- To vote on the amendment of Article No. (38) of the company’s bylaws related to financial documents. Attached.

16- To vote on the amendment of Article No. (39) of the company’s bylaws related to the distribution of profits. Attached.

17- To vote on amending Article No. (40) of the company’s bylaws which is related to the entitlement to profits. Attached.

18- To vote on amending Article No. (41) of the company’s bylaws which is related to the company’s losses. Attached.

19- To vote on the amendment of Article No. (42) of the company’s bylaws related to the liability claim. Attached.

20- To vote on amending Article No. (43) of the company’s bylaws which is related to the termination of the company. Attached.

21- To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly with the authorization contained in Paragraph (2) of Article 27 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, for (Real Estate Activity – Construction and Building Activity – Real Estate Development activity).

22- To vote on the participation of a member of the Board of Directors, Mr. Nai…