| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al-Shahili Metal Industries Company is pleased to invite its valued shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held on Wednesday evening, 2/01/1448 H, corresponding to 17/06/2026 G, at 8:30 p.m., through modern technology. |
| City and Location of the General Assembly's Meeting | Riyadh City - through modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-17 Corresponding to 1448-01-02 |
| Time of the General Assembly’s Meeting | 20:30 |
| 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 holding of the Ordinary General Assembly Meeting shall be valid if it is attended by shareholders representing at least one quarter of the shares of the company that have voting rights, and if the necessary quorum is not available for holding this meeting, the second meeting shall be held one hour after the end of the period specified for the first meeting. The second meeting shall be considered 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 ended 31-12-2025 (attached). 2- Vote on the Company's Auditor's Report for the year ended 31-12-2025 after discussing it (attached). 3- Review and discuss the financial statements for the fiscal year ending on: 31-12-2025 (attached). 4- Vote on the discharge of the members of the Board of Directors for the financial year ending on: 31-12-2025. 5- Vote on the payment of remuneration to the members of the Board of Directors in the amount of SAR (140,417.00) for the financial year ending on 31/12/2025. 6- Vote on the Remuneration Policy of the Board of Directors, its Subordinate Committees and Executive Management (Attached) 7- Voting on the works and contracts executed for the financial year ending on: 31-12-2025, between the company and Al-Shahili Engineering Industries Company, which are for the Board of Directors: Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaily – Vice Chairman and CEO (indirect interest in it), which are: Providing rental services for the land and building of the factory for a period of 10 years with an annual rental value in the amount of: (550,000.00) SAR. This is without preferential conditions. (Attached). 8- Voting on the works and contracts executed for the financial year ending on: 31-12-2025 between the company and Al-Shehaili Engineering Industries Company, which are for the Board of Directors: Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaily – Vice Chairman and CEO (indirect interest in it), which is: labor rent in the amount of (7,140,963.00) riyals, without preferential terms. (Attached). 9- Voting on the works and contracts executed for the financial year ending on: 31-12-2025, between the company and Al-Shehaili Engineering Industries Company, which are for the Board of Directors, Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaili – Vice Chairman and CEO (indirect interest in it), which are: the lease contract and employee benefits in the amount of: (276,289.00) riyals, without preferential terms. (Attached). 10- Voting on the works and contracts executed for the fiscal year ending on: 31-12-2025, between the company and Mix Stone Contracting Factory Company, which are for the Board of Directors, Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaili – Vice Chairman and CEO (indirect interest in it), which is: the provision of labor rental services in the amount of: (4,002,968.00) Saudi Riyals, without preferential conditions. (Attached). 11- Voting on the works and contracts executed for the financial year ending on: 31-12-2025, between the Company and Mix Stone Contracting Factory Company, which are owned by Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaili – Vice Chairman and CEO (indirect interest in it), which are: Employee benefits in the amount of: (157,944.00) riyals, without preferential conditions. (Attached). 12- Voting on the works and contracts executed for the financial year ending on: 31-12-2025, between the company and Al-Izdihar Brands Establishment, which are for the Board of Directors, Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaily – Vice Chairman and CEO (indirect interest in it), which are: the purchase of materials in the amount of: (92,412.00) riyals, without preferential conditions (attached) 13- Voting on the works and contracts executed for the financial year ending on: 31-12-2025, between the Company and Al-Razan National Chemicals Company, which are for the Board of Directors: Mr. Hala Al-Shehaili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehaily – Vice Chairman and CEO (indirect interest in it), which is: the purchase of materials in the amount of: (3,988,430.00) riyals, without preferential conditions. (Attached) 14- Vote on authorizing the Board of Directors the authority of the Ordinary General Assembly with 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 of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions set forth in the Executive Bylaws of the Companies Law for listed joint stock companies. 15- Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi- or quarterly basis for the financial year ending on: 31-12-2027. 16- Vote on the appointment of the Company's Auditor from among the nominees, based on the recommendation of the Audit Committee, in order to examine, review and audit the semi-annual and annual financial statements for the financial year ending on 31-12-2026, and determine his fees (attached). |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The honorable shareholders have the right to discuss the topics on the agenda of the General Assembly and ask questions, and the shareholders registered in the Tadawulaty services can vote electronically remotely on the items of the General Assembly using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services will be able to vote on the Articles of the Assembly remotely starting from (1:00) am on Sunday 28/12/1447 H corresponding to 14/06/2026 until the end of the meeting time. |
| Method of Communication in Case of Any Enquiries | For more information or inquiries, please contact our shareholders relations via email (Compliance@alshehili.com.sa) during the company's official working hours from Sunday to Thursday from (8:00) am to (4:00) pm. |
| Attached Documents | Attached Documents Attached Documents Attached Documents Attached Documents |
Alshehili Company for Metal Industries Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Al-Shahili Metal Industries Company invited shareholders to an Ordinary General Assembly meeting on June 17, 2026, to be conducted virtually via modern technology.
- The agenda includes voting on the Board of Directors' remuneration of SAR 140,417 for the 2025 fiscal year and authorizing the Board to distribute interim dividends for the 2027 fiscal year.
- Shareholders will vote on multiple related-party contracts, including a 10-year land and building lease valued at SAR 550,000 annually and labor rental agreements totaling over SAR 11 million.
- Additional items include the appointment of an external auditor for the 2026 financial year and the review of financial statements and reports for the year ended December 31, 2025.
