Marble Design Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of Marble Design Factory Company is pleased to invite the esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held, God willing, via modern technology means at 19:00 on Monday, 06/12/1446H, corresponding to 02/06/2025.
City and Location of the General Assembly's Meeting	At the company's headquarters in Riyadh – via modern technology means (remotely).
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-06-02 Corresponding to 1446-12-06
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 (38) of the Company’s Articles of Association, the Extraordinary General Assembly meeting shall not be valid unless attended by shareholders representing at least half of the shares with voting rights. If the quorum is not met at the first meeting, a second meeting shall be held one hour after the scheduled time of the first meeting. In all cases, the second meeting shall be deemed valid if attended by shareholders representing at least one quarter of the shares with voting rights.
General Assembly Meeting Agenda	1. Vote on the Auditor’s Report for the fiscal year ending December 31, 2024, after reviewing and discussing it. 2. Review and discuss the Board of Directors’ Report for the fiscal year ending December 31, 2024. 3. Review and discuss the Company's Financial Statements for the fiscal year ending December 31, 2024. 4. Vote on discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2024. 5. Vote on appointing the Company’s external auditor from among the nominees, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the first half and the annual financial statements of the fiscal year 2025, and determine their fees. 6. Vote on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2025. 7. Vote on authorizing the Board of Directors with the powers of the Ordinary General Assembly regarding the authorization mentioned in paragraph (1) of Article 27 of the Companies Law, for one year from the date of the General Assembly’s approval or until the end of the delegated Board's term—whichever comes first—according to the conditions set forth in the Implementing Regulations of the Companies Law for listed joint stock companies. 8. Vote on the transactions and contracts that took place between the company and the Chairman of the Board, Mr. Ahmed bin Abdullah Al-Kharashi, in which he has a direct interest. This involves a lease agreement for the Al-Rahmaniyah branch on Takhassusi Road, Riyadh, for one year starting from January 1, 2024. The value of the transactions during 2024 amounted to SAR 641,913. These transactions are conducted within the normal course of business and under prevailing commercial terms without any preferential conditions (attached). 9. Vote on the stock split of the company’s shares, as follows: • Nominal value per share before the adjustment: SAR 10 • Nominal value per share after the adjustment: SAR 1 • Number of shares before the adjustment: 6,000,000 shares • Number of shares after the adjustment: 60,000,000 shares • There is no change in the company’s capital before and after the stock split • Amend Article (7) of the Company’s Articles of Association related to (Company Capital) (attached) • Amend Article (8) of the Company’s Articles of Association related to (Subscription to Shares) (attached) • Effective Date: If the item is approved, the stock split decision will be effective for all shareholders owning shares on the day of the Extraordinary General Assembly Meeting and registered in the company’s shareholder register at the Securities Depository Center (Edaa) by the end of the second trading day following the date of the EGM. The effect of the decision on the share price will begin on the next business day following the meeting, while the number of shares in shareholders’ portfolios will be updated by the end of the second trading day after the EGM in which the stock split was approved.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Registered shareholders in Tadawulaty services can vote electronically and remotely on the agenda items of the Assembly starting from 19:00 AM on Monday, 06/12/1446H, corresponding to 02/06/2025, until the end of the Assembly’s meeting. Registration and voting through Tadawulaty services will be available and free of charge for all shareholders via the following link: http://www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda	The right to register attendance for the meeting ends at the time the General Assembly convenes. Additionally, the right to vote on the Assembly’s agenda items for attendees ends once the vote-counting committee completes the vote counting.
Method of Communication in Case of Any Enquiries	For any inquiries, please contact us via: Email: Info@md.sa Or call: 920000988
Attached Documents