| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Arabian Pipes Company is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) by means of modern technology using Tadawulaty system only |
| City and Location of the General Assembly's Meeting | Riyadh - By using modern technology from the company's headquarters |
| 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 | 19:30 |
| 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 meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a quarter of the capital, and if the necessary quorum for holding this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented in it. |
| General Assembly Meeting Agenda | 1.viewing the Board of Directors’ report for the fiscal year ending on 31 December 2025 and discussing it 2.View and discuss the Consolidated Financial Statements for the fiscal year ended on 31 December 2025 3.Vote to approve the External Auditors report for the year ended on 31 December 2025 after discussing it 4.To vote on the appointment of the company's auditor from among the candidates, based on the recommendation of the Audit Committee, to examine and review the company's financial statements for the second, third, and annual quarters of fiscal year 2026, the first, second, third, and annual quarters of fiscal year 2027, and the first quarter of fiscal year 2028, and to determine their fees 5.Voting on the Board of Directors' recommendation to distribute cash dividends to shareholders in the amount of 34 million Saudi Riyals for the fiscal year ending December 31, 2025 AD, at a rate of 0.17 Saudi Riyals per share, equivalent to 17% of the nominal value of the share. provided that the eligibility is for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholders’ register at the Securities Depository Center (Edaa) at the end of the second trading day following the due date. Dividends will be distributed on Sunday, July 12, 2026. 6.Vote on the payment of SAR 1,600,000 as remuneration to the members of the Board of Directors for the financial year ending on 31-12-2025. 7.Vote on authorizing the Board of Directors to distribute interim cash dividends to the shareholders on biannual or quarterly basis for the financial year 2026 8.Vote on authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (1) of Article 27 of the Companies law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the companies law for listed joint stock companies 9.Vote on authorizing the Board of Directors with the powers of the Ordinary General Assembly, with the permission mentioned in clause (2) of Article 27 of the Companies law, for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the companies law for listed joint stock companies |
| 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 agenda items of the General Assembly meeting and raise relevant questions to the , noting that the voting is available for free for all Shareholders via www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty Platform can vote remotely on the meeting items starting from 01:00 am in the morning on Thursday 1448-01-03 H corresponding to 18-06-2026 G until the end of convening time of the assembly, noting that registration and voting in Tadawulaty is available free of charge to all shareholders using the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of any inquiries, we hope to contact the Investor Relations Department through: Tel: 0112650123 Ext: 324 Email: contact@arabian-pipes.com |
| Additional Information | N/A |
Arabian Pipes Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Arabian Pipes Company has invited shareholders to an Ordinary General Assembly meeting on June 22, 2026, to be held via the Tadawulaty system.
- Shareholders will vote on a proposed cash dividend of SAR 34 million for the 2025 fiscal year, representing SAR 0.17 per share (17% of nominal value), with a distribution date set for July 12, 2026.
- The agenda includes the approval of SAR 1.6 million in board remuneration for FY 2025 and a request to authorize the board to distribute interim dividends on a biannual or quarterly basis for FY 2026.
- Other items for approval include the FY 2025 consolidated financial statements, the board of directors' report, and the appointment of external auditors for periods through the first quarter of 2028.
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