| Element List | Explanation |
|---|---|
| Introduction | Balsm Alofoq Medical Co announces to its shareholders the results of the Extraordinary General Assembly meeting regarding the increase of the company's capital (first meeting), which was held at 6:30 PM on Sunday, 01/07/1447 AH, corresponding to 21/12/2025 AD, at the company's headquarters located in Qassim - Buraidah, via modern technology using Tadawulaty services, after the legal quorum for the validity of the meeting was met. |
| City and Location of the Extraordinary General Assembly's Meeting | The company's headquarters are located in Qassim - Buraidah - and this is done through modern technology (remotely) - using Tadawulaty services |
| Date of the Extraordinary General Assembly's Meeting | 2025-12-21 Corresponding to 1447-07-01 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 80.34% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Khamis Abdullah Dahilan Al-Harbi – Chairman of the Board 2. Dr. Mubarak Obaid Muaili Al-Harbi – Vice Chairman of the Board 3. Mr. Rami Khamis Abdullah Al-Harbi – Managing Director and CEO 4. Mr. Hamoud Lafi Jaber Al-Omani – Board Member 5. Mr. Abdullah Eid Abdullah Al-Harbi – Board Member |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf | 1. Professor Abdullah Eid Abdullah Al-Harbi - Chairman of the Review Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the Board of Directors' recommendation to increase the company's capital by granting bonus shares to the company's shareholders as follows: • Capital before the increase: SAR 12,500,000 • Capital after the increase: SAR 25,000,000 • Percentage increase in capital: 100% • Number of shares before the increase: 1,250,000 shares • Number of shares after the increase: 2,500,000 shares • Method of funding the increase: By capitalizing SAR 10,150,000 (ten million one hundred and fifty thousand riyals) from the share premium balance and SAR 2,350,000 (two million three hundred and fifty thousand riyals) from retained earnings. • Rate of increase per share: One (1) bonus share will be granted to each shareholder who owns one (1) share. • Reasons for the increase: To enhance the strategic growth plan, meet future expansion needs and aspirations, and confirm the company's financial soundness and strong financial position. • Amendment to Article (7) of the Company's Articles of Association relating to (Capital). • Amendment to Article (8) of the Company's Articles of Association relating to (Share Subscription). • The entitlement date for bonus shares will be for shareholders registered in the Company's shareholder register at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the entitlement date. • In the event of fractional shares, they will be consolidated into a single portfolio for all shareholders, sold at the market price, and the proceeds distributed to the shareholders entitled to the bonus shares, each according to their respective entitlement, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. |
