| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mineral Energy Trading Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, at (20:15) on Thursday evening, 10-01-1448 AH, corresponding to 25-06-2026 AD, in person and via modern means of purification. |
| City and Location of the General Assembly's Meeting | At the Giardino Hotel in Riyadh – Al Muhammadiyah District – Al Takhassusi Street, in person and via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-25 Corresponding to 1448-01-10 |
| Time of the General Assembly’s Meeting | 20:15 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center 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. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article (36) of the company’s Articles of Association, the ordinary general assembly meeting shall not be valid unless it is attended by shareholders representing at least one-quarter of the company’s shares that have voting rights. If the quorum required to hold the first meeting is not met, the second meeting shall be held one hour after the end of the period specified for holding the first meeting, and the second meeting shall be valid regardless of the number of shares that have voting rights represented in it. |
| General Assembly Meeting Agenda | 1. Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2025. 2. Vote on the company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 3. Review and discuss the financial statements for the fiscal year ending December 31, 2025. 4. Vote on the payment of a bonus to the independent board members in the amount of SAR 244,656.35 for the fiscal year ending December 31, 2025. 5- Voting on the disbursement of a bonus to the members of the Audit Committee in the amount of (81,336.33) thousand riyals for the fiscal year ending on 31/12/2025. 6- Voting on the appointment of the company's external auditor from among the nominees, based on the recommendation of the Audit Committee, to examine, review, and audit the interim and annual financial statements for the fiscal year ending on 31/12/2026 and to determine their fees. 7- Voting on approving the delegation of authority to the Board of Directors with the powers of the Ordinary General Assembly to authorize the license stipulated in paragraph (1) of Article Twenty-Seven of the Companies Law for a period of one year from the date of approval by the General Assembly or until the end of the term of the delegated Board of Directors, whichever is earlier. This is in accordance with the conditions stipulated in the Implementing Regulations of the Companies Law pertaining to listed joint-stock companies. 8- Voting on the discharge of the Board of Directors from liability for the fiscal year ending on 31/12/2025. |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Each shareholder has the right to discuss the topics on the agenda of the Ordinary General Assembly meeting and to ask questions. Shareholders registered with Tadawulaty services can vote electronically and remotely on the agenda items via the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered with Tadawulaty services can vote electronically and remotely on the agenda items of the General Assembly meeting starting at 1:00 AM on Sunday, June 21, 2026 (corresponding to 6/1/1448 AH) until the end of the meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | For any inquiries, please contact Shareholder Relations at 0558351363 or via email at ir@taqatco.sa |
| Attached Documents | Attached Documents Attached Documents |
Taqat Mineral Trading Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Mineral Energy Trading Company (Taqat) invited shareholders to an Ordinary General Assembly Meeting on June 25, 2026, to be held in Riyadh and virtually.
- Key agenda items include voting on FY 2025 bonuses of SAR 244,656.35 for independent board members and SAR 81,336.33 for Audit Committee members.
- Shareholders will review FY 2025 financial statements and reports, vote on discharging board liability, and appoint an external auditor for the 2026 fiscal year.
- Electronic voting begins on June 21, 2026, for registered shareholders; the meeting requires a minimum quorum of 25% of voting shares.
