| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of WSM for Information Technology Co. is pleased to invite the honorable shareholders to participate and vote in the Extraordinary General Assembly meeting, which includes increasing the company’s capital (the first meeting), which is scheduled to be held via modern technology, God willing, at exactly (19:00) on Wednesday 17/12/2025. |
| City and Location of the Extraordinary General Assembly's Meeting | The company's main headquarters is in Riyadh - Al-Malqa district, Imam Saud bin Faisal Road, using modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-12-17 Corresponding to 1447-06-26 |
| Time of the General Assembly’s Meeting | 19:00 |
| 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 | According to Article (32) of the Company's Articles of Association, the Extraordinary General Assembly Meeting shall not be valid unless it is attended by shareholders representing at least half of the shares of the Company that have voting rights, and if this quorum is not available at the first meeting, the second meeting shall be held one hour after the expiry of the period specified for the first meeting, and in all cases, the second meeting shall be considered valid if it is attended by a number of shareholders representing at least a quarter of the shares of the company that have voting rights. |
| Meeting Agenda | 1. Voting on the recommendation of the Board of Directors to increase the Company's capital by granting bonus shares to the Company's shareholders in accordance with the following: • Capital before increase amounting is (21,450,000 SAR). • Capital after increase is (28,600,000 SAR) • Capital Increase Rate: 33.33% • Number of shares before increase is (2,145,000) shares. • Number of shares after the increase is (2,860,000) shares. • Method of covering the increase: by capitalizing an amount of (7,150,000) Saudi Riyals from the balance of retained profits. • Increase rate per share: (1) bonus share is granted for every (3) outstanding shares owned by the shareholders. • Reasons for the increase: Strengthening its strategic growth plan, future expansion needs and aspirations, and emphasizing its financial adequacy and strong financial position. • Amending Article (7) of the Company's Articles of Association related to (Capital). (Attached) Amending Article (8) of the Company's Articles of Association related to (Subscription of Shares). (Attached) • In the event of approval of the item, the eligibility date of the bonus shares for the shareholders of the company who own the shares will be on the day of the Extraordinary General Assembly and registered in the company's shareholders' register with the Edaa Center Company at the end of the second trading day following the maturity date. • In the event of fractional shares, they will be aggregated into a single portfolio for all shareholders, sold at the market price, and then distributed to the shareholders entitled to the grant, each according to their share, within a period not exceeding 30 days from the date of determination of the shares due to each shareholder. 2. Voting on the amendment of Article (27) of the Company's Articles of Association related to (Additional Powers of the Board of Directors). (Attached) 3. Voting on the participation of the Board of Directors, Mr. Adel bin Saud Al-Mansour, in a business competing with the company's business (attached) |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Honorable shareholders have the right to discuss the topics included in the agenda of the Extraordinary General Assembly and to ask questions. Voting in the Tadawulaty services are available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sahttp://www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can vote electronically remotely on the assembly’s items starting from 1:00 AM on Sunday, 10/15/1446 AH corresponding to 04/13/2025 AD, until the end of the assembly’s meeting time. Registration and voting in Tadawulaty services 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 | We are pleased to receive your inquiries by contacting Shareholder Relations via the following means of communication: Phone: 0114544338 Email: ir@wsmco.sa |
| Attached Documents | Attached Documents Attached Documents Attached Documents |
