Tabuk Agricultural Development Company invites its shareholders to attend Ordinary General Assembly Meeting (The First Meeting) by means of modern technology

ELEMENT LISTEXPLANATION
Introduction The Board of Directors of Tabuk Agricultural Development Company are pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (the first meeting) which will be held at 06:30 PM on Monday 13/07/1443 Corresponding to 14/02/2022 through means of modern technology. This is in support of the preventive and precautionary efforts and measures exerted by the competent and relevant health authorities to address the emerging Corona Virus (COVID-19), and as an extension of the continuous efforts exerted by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly's Meeting By means of modern technology At the Project of Tabuk Agri. Dev. Co.
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 1443-07-13 الموافق 2022-02-14
Time of the General Assembly's Meeting 18:30
Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting The general assembly meeting shall be held in the presence of shareholders representing at least a quarter of the company’s capital. If there is no quorum for this meeting, a second meeting shall be held one hour after the end of the duration of the first meeting, the second meeting shall be valid regardless of the number of shares represented in it.
General Assembly Meeting Agenda 1. Voting on increasing the number of Audit Committee seats from (3) to (5) seats, whereby the number of Audit Committee members becomes (5) members, by appointing Dr. Almutasembilla Zaki Mohammed Abdul-Aljwad Allam (non-executive board member) and Mr. Majed Ahmed Ibrahim Alsuwaigh (Independent member of the Board of Directors) as a members of Audit Committee starting from the date of the assembly's approval until the end of the current committee’s term of office on 30/06/2024 G. (CV attached).

2. Voting on changing the exchange aspects of the proceeds of the subscription to increase the company’s capital mentioned in the prospectus published on 18/02/2021 AD corresponding to 06/07/1442 AH, using the amount of 47 million Saudi Riyals allocated for the acquisition of income-generating real estate businesses to be directed to spending on operational and investment activities for the company.

Proxy Form
E-Vote The voting on the agenda items of the AGM will be solely electronically through Tadawulaty, which will start on Thursday, 09/07/1443 Corresponding to 10/02/2022, 10:00 AM. and ends at the closure of the General Assembly Meeting. Registration and voting shall be available free of charge in Tadawulaty services for all shareholders by using the following link: https://www.tadawulaty.com.sa
Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes.
Method of Communication For inquiries about the EG meeting, please feel free to contact the Shareholder Relations Department via Phone number: 0144500000 Ext.103 Email: magdy.abdellatef@tadco-agri.com
Attached Documents