Wafrah for Industry and Development Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Wafrah for Industry and Development Company is pleased to invite the Company’s shareholders to participate and vote in the Ordinary General Meeting (First Meeting) to be held at 07:00 p.m. on Wednesday 29-05-2024 corresponding to 21-11-1445, via modern technology means.
City and Location of the General Assembly's Meeting	Riyadh- company’s Head Office- via modern technology means
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2024-05-29 Corresponding to 1445-11-21
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	The Ordinary General Assembly Meeting requires the attendance of shareholders representing at least 25% of the Company’s capital. If the quorum is not attained, the second Meeting will be held after 1 hour, and it will be quorum no matter how many shares are represented in the meeting.
General Assembly Meeting Agenda	1- Reviewing and discussing the Board of Directors' Report for the fiscal year ending on 31/12/2023. 2- Reviewing and discussing the company's financial statements for the fiscal year ending on 31/12/2023. 3- Voting on the company's auditor report for the fiscal year ending on 31/12/2023. 4- Voting on absolution of the Board of Directors from liabilities for the fiscal year ending on 31/12/2023. 5- Voting on appointing an auditor for the company among the candidates, based on the Audit Committee's recommendation and determine the auditor’s fee. The appointed auditor shall examine, review, and audit the financial statements for the second, third, fourth quarters, and annual of the fiscal year 2024 and the first quarter of the fiscal year 2025. 6- Voting on the Board of Directors' resolution appointing Mr. Majid Misfer Al-Ghufaili Al-Otaibi (independent member) to the Board of Directors starting from the date of his appointment on 04/04/2024 to complete the Board session until the date of the end of the current session on 13/01/2027, to succeed the previous member, Mr. Maqid Ibrahim Ramthan Al-Otaibi (Executive Member) , (CV attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	The shareholder has the right to discuss topics on the assembly’s agenda and ask questions Electronic voting will start at 01:00 a.m. on Sunday 17-11-1445, corresponding to 25-05-2024 and will continue until the end of the General Assembly Meeting. Registration and voting at Tadawulaty site are available free of charge using the following link: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda	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 in Case of Any Enquiries	For inquiries regarding the General Assembly agenda, please contact the shareholders affairs dept. at 011-4023456 ext.128, or via e-mail: smahgoub@wafrah.com
Attached Documents