December 23.. AlArabia GA to vote on increasing capital to 550 million riyals through granting free shares

Al Arabia Technical Contracting Company invited shareholders to participate and vote in the extraordinary general assembly meeting that includes increasing the capital (first meeting) scheduled to be held on Monday, December 23, where the items include voting on the board of directors’ recommendation to increase the capital from 500 million riyals to 550 million riyals, by a 10% increase through granting free shares.

The company said in a statement that the number of shares before the increase is 50 million shares, and after the increase it becomes 55 million ordinary shares.

The right to attend is for shareholders registered in the issuer’s shareholders’ register at the Depository Center at the end of the trading session preceding the general assembly meeting and according to the rules and regulations, and the shareholder has the right to delegate whomever he chooses from among the members of the company’s board of directors. The right to register attendance at the assembly meeting also ends at the time of the assembly meeting, and the right to vote on the assembly items for those present ends when the sorting committee finishes sorting the votes.

Shareholders have the right to discuss the items included in the agenda of the Extraordinary General Assembly and can ask questions related to these topics. Shareholders can vote remotely on the agenda of the assembly through the electronic voting service using Shareholders registered in Tadawulati services can vote electronically remotely on the items of the agenda of the Extraordinary General Assembly meeting starting from 1:00 AM on Thursday, 18/06/1446 AH corresponding to 12/19/2024 AD until the end of the time of the Extraordinary General Assembly meeting.