| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Sahat AlMajd 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, via modern technological means at 6:30 PM on Wednesday, 03/12/1447H, corresponding to May 20, 2026. |
| City and Location of the General Assembly's Meeting | At the company's headquarters located in Riyadh - Al Ma'athar Al Shamali District - Al Takhassusi Street, using modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-05-20 Corresponding to 1447-12-03 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Eligibility to attend the meeting shall be limited to shareholders registered in the Company’s shareholders register with the Securities Depository Center (Edaa) at the end of the trading session preceding the General Assembly meeting, in accordance with the applicable laws and regulations. The right to register attendance for the General Assembly meeting ends at the time the meeting convenes, and the right to vote on the agenda items for attendees ends upon the completion of vote counting by the Scrutiny Committee. |
| Quorum for Convening the General Assembly's Meeting | In accordance with Article (34) of the Company’s Articles of Association, the Ordinary General Assembly Meeting shall not be valid unless attended by shareholders representing at least one-quarter of the Company’s voting shares. If the required quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the period specified for the first meeting. In all cases, the second meeting shall be deemed valid regardless of the number of voting shares represented therein. |
| General Assembly Meeting Agenda | 1. Voting on the External Auditor’s Report for the fiscal year ended December 31, 2025, after discussion. 2. Reviewing and discussing the Board of Directors’ Report for the fiscal year ended December 31, 2025. 3. Reviewing and discussing the Company’s financial statements for the fiscal year ended December 31, 2025. 4. Voting on the discharge of the members of the Board of Directors from liability for the fiscal year ended December 31, 2025. 5. 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 financial statements for the first half ending June 30, 2026, and the annual financial statements ending December 31, 2026, and to determine the auditor’s fees. 6. Voting on the payment of an amount of SAR 990,000 (Nine Hundred Ninety Thousand Saudi Riyals) as remuneration to the members of the Board of Directors for the fiscal year ended December 31, 2025. 7. Voting on the Board of Directors’ recommendation to distribute cash dividends amounting to SAR 5,906,250 (Five Million Nine Hundred Six Thousand Two Hundred Fifty Saudi Riyals) to shareholders for the second half of the fiscal year 2025, at SAR 0.15 per share (15 halalas), representing 15% of the share capital. Eligibility shall be for shareholders holding shares at the end of trading on the day of the General Assembly meeting and registered in the Company’s shareholders register with the Securities Depository Center (Edaa) at the end of the second trading day following the eligibility date. Dividend distribution shall commence within fifteen (15) working days from the eligibility date as determined by the General Assembly. 8. Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026. 9. Voting on authorizing the Board of Directors with the powers of the Ordinary General Assembly regarding the authorization set out in paragraph (1) of Article (27) 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 delegated Board term, whichever is earlier, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for listed joint stock companies. 10. Voting on the business and contracts concluded between the Company and the Chairman of the Board (Mr. Saleh Mohammed Ibrahim AlHumaidhi), in which he has a direct interest, and the Vice Chairman (Mr. Mohammed Saleh Mohammed AlHumaidhi) and the Managing Director & CEO (Mr. Nawaf Saleh Mohammed AlHumaidhi), in which they have an indirect interest. These transactions relate to expenses incurred on behalf of the Company, conducted during 2025 in the ordinary course of business and without any preferential terms. The total value of these transactions during 2025 amounted to SAR 1,523,000 (attached). 11. Voting on the business and contracts concluded between the Company and the Chairman of the Board (Mr. Saleh Mohammed Ibrahim AlHumaidhi), in which he has a direct interest, and the Vice Chairman (Mr. Mohammed Saleh Mohammed AlHumaidhi) and the Managing Director & CEO (Mr. Nawaf Saleh Mohammed AlHumaidhi), in which they have an indirect interest. These transactions relate to expenses incurred by the Company, conducted during 2025 in the ordinary course of business and without any preferential terms. The total value of these transactions during 2025 amounted to SAR 1,000,000 (attached). 12. Voting on the amendment of the remuneration policy for the members of the Board of Directors, its committees, and the executive management (attached). 13. Voting on the Board of Directors’ recommendation to reallocate the use of IPO proceeds amounting to SAR 28,714,619 (Twenty-Eight Million Seven Hundred Fourteen Thousand Six Hundred Nineteen Saudi Riyals), as disclosed in the prospectus published on June 18, 2025, to be fully utilized in accordance with the details set out in the attached statement (attached). |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders are entitled to discuss the items listed on the agenda of the Ordinary General Assembly and to direct questions. Please note that electronic voting via 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 | Shareholders registered in Tadawulaty services may vote remotely and electronically on the General Assembly agenda items starting from 1:00 AM on Saturday, 29/11/1447H, corresponding to May 16, 2026, until the end of the General Assembly meeting. Registration and voting via Tadawulaty services will be available and free of charge to all shareholders through the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We welcome your inquiries through our Shareholder Relations department via the following channels: Phone: 0114548701 Email: hr@sahatalmajd.com |
| Attached Documents | Attached Documents Attached Documents |
