AI Summary
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Jazan Development and Investment Company is pleased to invite the valued shareholders to participate and vote in the Ordinary General Assembly meeting (First Meeting). |
| City and Location of the General Assembly's Meeting | By using modern technology from the Company's headquarters in Jazan |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2025-06-25 Corresponding to 1446-12-29 |
| 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 Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least 25% of the Company’s capital. In the absence of a quorum required for holding this meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented. |
| General Assembly Meeting Agenda | 1. Review and discuss the Board of Director's report on the fiscal year that has ended on December 31, 2024.
2. Review and discuss the financial statements for the fiscal year that has ended on December 31, 2024. 3. Voting on the auditor's report for the fiscal year ending on December 31, 2024 after discussing it. 4. Voting on the appointment of the company's auditors from the candidates based on the recommendation of the Audit Committee, for the examination, review, and auditing of the financial statements for the second and third quarters and the annual fiscal year 2025, and the first quarter of the financial year 2026, and determining their fees. 5. Voting on amending the Corporate Social Responsibility policy regulations. (Attached) 6. Voting on the Competition Policies and Standards regulations. (Attached) 7. Vote on disbursing an amount of (700,000) SAR as remuneration for the members of the Board of Directors for the fiscal year ended on December 31, 2024. 8. Voting on the works and contracts concluded with related parties between the company and the National Aquaculture Group (NAQUA), in the amount of (1,147,942) Saudi riyals during 2024, in which the former member of the Board of Directors, Dr. Abdullah Ali Aldubaikhi, has an indirect interest, the nature of the transaction is the purchase of feed requirements and raw materials. In accordance with the prevailing commercial terms and without any preferential terms. (attached) 9. Voting on the participation of former Board Member Dr. Abdullah Ali Aldubaikhi in a business competing with the company's business. (attached) 10. Voting on the participation of the member of the Board of Directors, Mr. Jaber Mohammed Alsahli, in a business competing with the company's business. (attached) 11. Voting on authorizing the Board of Directors with the authority of the Ordinary General Assembly, as stated in paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the authorized Board's term, whichever comes first, according to the conditions stated in the Executive Regulations of the Companies Law for listed joint-stock companies. |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the topics listed on the General Assembly agenda and raise relevant questions and inquiries. They can also vote remotely on the agenda items through the Tadawulaty (E-Voting service) by clicking on the following link: www.tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulaty services can cast their electronic votes on the General Assembly's agenda items starting at 1:00 a.m. on Saturday, 21-06-2025, and the voting period will conclude at the end of the General Assembly Meeting. Please note that registration in the Tadawulaty service and voting are available and free of charge to all shareholders through the official website: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry, you may contact Shareholders Relations on the phone number: 017-3222162 during company office hours from Sunday until Thursday from 8:00 am to 4:00 pm, Inquiries about Assembly Agenda may also be sent through email: ir@jazadco.com.sa |
| Attached Documents | |
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