| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Natural Gas Distribution Company is pleased to invite shareholders to participate and vote in the Ordinary General Assembly Meeting (first meeting), which is scheduled to be held, God willing, at 20:00 PM on 07/01/1448 AH corresponding to 22/06/2026 AD |
| City and Location of the General Assembly's Meeting | In the city of Riyadh - the company's headquarters - through modern technological means |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-22 Corresponding to 1448-01-07 |
| Time of the General Assembly’s Meeting | 20:00 |
| 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 ordinary general assembly meeting shall be valid if attended by shareholders representing at least a quarter of the capital. If the quorum required to hold this meeting is not available, a second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid regardless of the number of shares represented in it, in accordance with the company’s articles of association. |
| General Assembly Meeting Agenda | 1. Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2025. 2. Review and discuss the financial statements for the fiscal year ending December 31, 2025. 3. Vote on the company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 4. Vote on the Board of Directors' recommendation to distribute cash dividends of SAR 3,000,000 to shareholders for the fiscal year 2025, at a rate of SAR 0.60 per share, representing 6% of the company's capital of SAR 50,000,000. Eligibility for the dividends will be for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the General Assembly meeting. Dividend distribution will commence on June 29, 2026. 5. Voting on amending the Remuneration and Nominations Committee's bylaws. 6. Voting on amending the policy for remunerating members of the Board of Directors and its subcommittees. 7. Voting on appointing the company's auditor from among the nominees, 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 December 31, 2026, and to determine their fees. |
| 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 topics included in the General Assembly's agenda and direct questions to the Board of Directors. Voting on Tadawulaty services is available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Dear shareholders registered on the Tadawulati electronic services website can vote remotely on the items of the General Assembly meeting starting from 1:00 AM on Thursday 03/01/1448 AH corresponding to 18/06/2026 AD, until the end of the assembly meeting time. Please note that registration and voting on Tadawulati services are available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive questions and inquiries from our esteemed shareholders regarding the meeting’s items and answer them through the following means of communication: Shareholder relations management Tel: 920012465 ext. 222 Email: info@ngdc.com.sa |
| Attached Documents | Attached Documents Attached Documents Attached Documents |
Natural Gas Distribution Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Natural Gas Distribution Company invited shareholders to an Ordinary General Assembly Meeting scheduled for June 22, 2026, to be held virtually at 20:00.
- The assembly will vote on a board recommendation to distribute SAR 3,000,000 in cash dividends for the 2025 fiscal year, equivalent to SAR 0.60 per share (6% of capital), with distribution starting June 29, 2026.
- Other agenda items include appointing an external auditor for the 2026 fiscal year and voting on amendments to the Remuneration and Nominations Committee bylaws and the board remuneration policy.
- Electronic voting on the agenda items will open on June 18, 2026, via the Tadawulaty service.
