| Element List | Explanation |
|---|---|
| Introduction | The Board of Molan Steel co is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (the first meeting), which is scheduled to be held at (19:05) on Tuesday, Jun 30, 2026, through modern technology by using Tadawulaty system. |
| City and Location of the General Assembly's Meeting | From company headquarters, in Riyadh city by using modern technology means. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-30 Corresponding to 1448-01-15 |
| Time of the General Assembly’s Meeting | 19:05 |
| 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 | The Extraordinary General Assembly Meeting shall be valid if attended by Shareholders representing at least one-quarter of the share capital are present. If the quorum required for this meeting is not met, a second meeting will be held one hour after the scheduled end time of the first meeting. The second meeting will be valid if shareholders representing at least one-quarter of the share capital are present. |
| General Assembly Meeting Agenda | 1. Reviewing and discussing the Board of Directors' Report for the fiscal year ended 31/12/2025. 2. Reviewing and discussing the Financial Statements for the fiscal year ended 31/12/2025. 3. Voting on the External Auditor's Report for the fiscal year ended 31/12/2025, following discussion thereof. 4. Voting on the appointment of the Company's External Auditor from among the nominated candidates, based on the Audit Committee's recommendation, to audit and review the financial statements for the first half and the full fiscal year 2026, and to determine the Auditor's fees. 5. Voting on the discharge of the Board of Directors' members from liability for the fiscal year ended 31/12/2025. 6. Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026. 7. Voting on the Board of Directors' resolution to appoint Mr. Majid Ibrahim Al-Udaybi as a Board Member effective 09/04/2026, to complete the current Board term until its expiry on 10/07/2027, succeeding Mr. Bandar Ibrahim Al-Udaybi. (CV attached) |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Every shareholder has the right to discuss the topics included in the agenda of the General Assembly meeting and ask questions. Registered Tadawulaty service users can vote electronically remotely on the General Assembly items via the following link: https://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawul can (vote electronically remotely) on the items of the Ordinary General Assembly starting from 1:00 am on, Jun 21, 2024, until the end of the time of the General Assembly, and voting and registration in Tadawulaty service will be available and free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of any inquiries, please get in touch with the Shareholders Relations Department at +966112255601 email contact@molansteel.com |
| Attached Documents | Attached Documents Attached Documents Attached Documents Attached Documents |
Molan Steel Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Molan Steel Co. invited shareholders to an Ordinary General Assembly Meeting scheduled for June 30, 2026, at 19:05 via the Tadawulaty system to review the FY 2025 Board Report and financial statements.
- Shareholders will vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year.
- The agenda includes the appointment of an external auditor for the 2026 fiscal year and voting on the appointment of Mr. Majid Ibrahim Al-Udaybi as a Board Member for a term ending July 10, 2027.
- Electronic voting on the assembly agenda items is scheduled to begin on June 21, and a quorum of 25% of the company's share capital is required to conduct the meeting.
