| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Mufid Company is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held via modern technology, God willing, at 8:10 PM on Monday, 14/01/1448 AH, corresponding to 29/06/2026 AD. |
| City and Location of the General Assembly's Meeting | At the Company's Head Office located in the city of Riyadh - Tariq Ibn Malik Road - Skyker Building, also via modern technology means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-29 Corresponding to 1448-01-14 |
| Time of the General Assembly’s Meeting | 20:10 |
| Methodology of Convening the General Assembly’s Meeting | 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 (35) of the company's Articles of Association, an ordinary general assembly meeting shall not be valid unless attended by shareholders representing at least one-quarter of the company's shares with voting rights. If this quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the time specified for the first meeting. In all cases, the second meeting shall be considered valid regardless of the number of shares with voting rights represented therein. |
| General Assembly Meeting Agenda | 1- Voting on the report of the Company's external auditor for the fiscal year ended 31 December 2025, after discussion. 2- Reviewing the Board of Directors' report for the fiscal year ended 31 December 2025, and discussing it. 3- Reviewing the Company's financial statements for the fiscal year ended 31 December 2025, and discussing them. 4- Voting on absolving the members of the Board of Directors of liability for the fiscal year ended 31 December 2025. 5- Voting on appointing the Company's external auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review and audit the Company's interim financial statements for the first half ended 30 June 2026 and the annual financial statements for the fiscal year ended 31 December 2026, and on determining its fees. 6- Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ended 31 December 2026. 7- Voting on authorizing the Board of Directors with the authority of the Ordinary General Assembly under the license set out in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the conditions set out in the Implementing Regulations of the Companies Law relating to listed joint-stock companies. 8- Voting on the business and contracts concluded between the Company and the Chairman of the Board of Directors (Mr. Nayef Awad Al-Otaibi), in which he has a direct interest, being (payments by proxy). These transactions commenced in 2023; the value of the transactions during 2025 amounted to (745,192.05) SAR (debit transactions), and the value of the amount paid during 2025 amounted to (20,000) SAR (credit transactions). These transactions are conducted on prevailing commercial terms and without any preferential conditions (Appendix). 9- Voting on the business and contracts concluded between the Company and the Vice Chairman of the Board of Directors (Eng. Wafi Saeed Al-Qahtani), in which he has a direct interest, being (payments by proxy). These transactions commenced in 2023; the value of the transactions during 2025 amounted to (4,830,362.72) SAR (debit transactions), and the value of the amount paid during 2025 amounted to (2,730,835.34) SAR (credit transactions). These transactions are conducted on prevailing commercial terms and without any preferential conditions (Appendix). |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Esteemed shareholders have the right to discuss the items listed on the agenda of the Ordinary General Assembly and to raise questions, noting that voting on Tadawulaty services is available free of charge to all shareholders through the following link: http://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Registered shareholders may vote electronically (remotely) on the assembly items via Tadawulaty services starting from 1:00 AM on Thursday 10/01/1448H corresponding to 25/06/2026G, until the end of the assembly meeting time: www.tadawulaty.com.sa . Registration and voting will be available via Tadawulaty services free of charge for all shareholders using the following link. |
| Method of Communication in Case of Any Enquiries | We would be pleased to receive your inquiries by contacting the Shareholders Relations through the following contact channels: Phone: 0096692002636 - Email: ir@mufeed.com |
| Attached Documents | Attached Documents |
Mufeed Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Mufid Company (Mufeed Co.) invited shareholders to an Ordinary General Assembly Meeting scheduled for June 29, 2026, at 8:10 PM via modern technology.
- Key agenda items include reviewing 2025 financial statements and reports, appointing a new external auditor, and authorizing the Board of Directors to distribute interim dividends for the 2026 fiscal year.
- Shareholders will vote on related party transactions involving the Chairman (SAR 745,192.05 debit in 2025) and the Vice Chairman (SAR 4,830,362.72 debit in 2025) regarding payments by proxy.
- Electronic voting for registered shareholders commences on June 25, 2026, and remains open until the conclusion of the assembly meeting.
Attachments
