September 25: ALMUJTAMA MEDICAL Assembly Reviews Policy Amendments on Bonuses and Entitlements for BOD Members, Committees, and Executive Management

Almujtama Alraida Medical Co. invited shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), scheduled to be held on Wednesday, September 25. The items included voting on amending the policy of disbursing bonuses and entitlements to Board of Directors’ members, committees and Executive Management.

The rest of the items on the assembly’s agenda were as follows:

– Voting on amending the company’s bylaws in accordance with the new corporate system and renumbering the articles to comply with the proposed amendments.

– Voting on amending the Audit Committee’s work regulations .

– Voting on amending the work regulations of the Nominations and Remuneration Committee..- Voting on the list of conditions, standards and procedures for Board of Directors membership.

Shareholders registered in the issuer’s register at the Depository Centre by the end of the trading session preceding the general assembly meeting will have the right to attend, in accordance with the rules and regulations. The right to register attendance ends when the meeting starts and the right to vote on the assembly’s items concludes once the sorting committee completes the vote count.

Under Article No. (26) of the company’s articles of association, the extraordinary general assembly meeting requires the presence of shareholders representing at least half of the company’s voting shares to be considered valid. If this quorum is not met in the first meeting, a second meeting will be held one hour later. In all cases, the second meeting will be deemed valid if attended by shareholders representing at least a quarter of the company’s voting shares