| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Yaqeen Capital Company is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled, God willing, to be held at 6:45 PM on Sunday, Jun 14, 2026, via modern technology through the following link: https://liqaa.wamid.sa/agm_page/yaqeen-capital-20260512 |
| City and Location of the General Assembly's Meeting | Riyadh – Al-Wurud District – Head Office (via modern technology only) |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-14 Corresponding to 1447-12-28 |
| Time of the General Assembly’s Meeting | 18:45 |
| 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 quorum for holding the Extraordinary General Assembly Meeting, in accordance with Article (34) of the Company’s Bylaws is the presence of shareholders representing half of the voting shares of the company, If the required quorum has not been met, a second meeting will be held one hour after the end of the first meeting period. The second meeting shall be valid if attended by shareholders who represent at least 25% of the Yaqeen’s capital. |
| General Assembly Meeting Agenda | 1. Review and discuss the financial statements for the fiscal year ending on 31/12/2025. 2. Vote on the company’s auditor report for the fiscal year ending on 31/12/2025 after discussion. 3. Review and discuss the Board of Directors' report for the fiscal year ending on 31/12/2025. 4. Vote on appointing the company’s external auditor from among the nominated candidates, based on the recommendation of the audit committee, to examine, review, and audit the semi-annual and annual financial statements for the fiscal year ending on 31-12-2026, and determine their fees. 5. Vote on the discharge of the Board members from liability for the fiscal year ending on 31/12/2025. 6. Voting on the Board of Directors’ decision to appoint Mr. Abdullah bin Muhammad Al Shmassi to the Board of Directors (Independent Member) – temporarily – effective from his appointment date on June 25, 2025, to complete the remaining term of the Board until the end of the current session on February 8, 2027, succeeding the former member, Mr.Abdulmohsen bin Mohammed Al-Saleh. 7. Vote on the disbursement of remuneration to the Board members in the amount of SAR (508.000) for the fiscal year ending on 31/12/2025. 8. Vote on the amending Article (5) of the Company’s Articles of Association. (Attached) 9. Vote on the amending Article (6) of the Company’s Articles of Association. (Attached) 10. Vote on the amending Article (11) of the Company’s Articles of Association. (Attached) 11. Vote on the amending Article (14) of the Company’s Articles of Association. (Attached) 12. Vote on the amending Article (22) of the Company’s Articles of Association. (Attached) 13. Vote on the deleting Article (27) of the Company’s Articles of Association to avoid repetition. (Attached) 14. Vote on the amending Article (33) of the Company’s Articles of Association. (Attached) 15. Vote on the amending Article (34) of the Company’s Articles of Association. (Attached) 16. Vote on the amending Article (40) of the Company’s Articles of Association. (Attached) 17. Vote on the amending Article (42) of the Company’s Articles of Association. (Attached) 18. Vote on the deleting Article (47) of the Company’s Articles of Association to avoid repetition (Attached) 19. Voting on the businesses and contracts concluded for the fiscal year ended on December 31, 2025, between Falcom Holding (Major Shareholder) and Yaqeen Financial Company (Yaqeen Capital), in which Mr. Abdulmohsen Al-Saleh and Mr. Salman bin Shahween have an indirect interest, being board members of both companies. These are represented in the management of an investment account for portfolio management, at standard conditions, for an indefinite period, where the value of management fees reached SAR 366,798 for 2025. 20. Voting on the businesses and contracts concluded for the fiscal year ended on December 31, 2025, between Nayifat Finance Company (a subsidiary of the Major Shareholder) and Yaqeen Financial Company (Yaqeen Capital), in which Mr. Abdulmohsen Al-Saleh and Mr. Salman bin Shahween have an indirect interest, being board members of both companies. These are represented in the management of an investment account for Sharia-compliant commodity trading for Murabaha contracts, at standard conditions, for an indefinite period, where the value of commissions and management fees reached SAR 899,539. |
| 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 Extraordinary General Assembly and to direct questions to the Board of Directors. Please note that voting through Tadawulaty services is available free of charge for all shareholders via the following link: http://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Esteemed shareholders can vote remotely on the agenda of the Assembly through the electronic voting service by visiting the official Tadawulaty website www.tadawulaty.com.sa. Please note that registration in the service and voting is available free of charge to all shareholders. Electronic voting will start at 01:00 AM on Wednesday, Jun 10, 2026, corresponding to 24th of Dhul-Hejjah, 1447 AH, and will end once the vote counting committee completes the vote counting process. |
| Method of Communication in Case of Any Enquiries | If you have any inquiries regarding the Assembly agenda items or any other questions, please contact Investor Relations at 0112118478 or via email at ir@yaqeen.sa. |
| Attached Documents | Attached Documents Attached Documents Attached Documents Attached Documents Attached Documents |
Yaqeen Capital Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)
AI Summary
- Yaqeen Capital Co. has invited shareholders to an Extraordinary General Assembly Meeting to be held via modern technology on June 14, 2026, at 6:45 PM.
- The agenda includes reviewing FY 2025 financial statements, appointing an external auditor for FY 2026, and voting on the disbursement of SAR 508,000 in Board remuneration for FY 2025.
- Shareholders will vote on the appointment of Mr. Abdullah bin Muhammad Al Shmassi as an independent Board member and on various amendments to the Company’s Articles of Association, including the deletion of Articles 27 and 47.
- Approval is sought for related party contracts involving Falcom Holding (SAR 366,798) and Nayifat Finance Company (SAR 899,539) for portfolio management and commodity trading services.
