Saudi Top Excludes Shareholder from H2 2023 Dividends Due to Waiver

The Board of Directors of Saudi Summit Trading Company has invited shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) on Wednesday, August 28, 2024, at 19:00, through modern technological means using the Tadawulaty system.

General Assembly Meeting Agenda:

1. Dividend Distribution: Voting on the Board of Directors’ recommendation to distribute cash dividends amounting to SAR 7,200,000 to shareholders for the second half of the fiscal year ending December 31, 2023, at a rate of SAR 0.6 per share, representing 60% of the nominal value. Shareholder Abdullah Muhammad Al-Ajmi will be excluded from this distribution as he has waived his profits. The eligibility for the dividend will be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and are registered in the company’s shareholders’ register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date. The distribution of profits will begin on September 18, 2024.

Electronic voting will commence on August 24, 2024, at 01:00 and will remain open until the end of the meeting.