Element List Explanation
Introduction The Board of Directors of National Gas and Industrialization Co. (GASCO) is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which will be held via modern technology means, God willing, at 7:30 PM on Tuesday 25/11/1447 H, corresponding to 12/5/2026 G.
City and Location of the General Assembly's Meeting Remotely via modern technology means.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-05-12 Corresponding to 1447-11-25
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 The right to attend the General Assembly meeting is granted to shareholders registered in the issuer’s shareholders register at the Securities Depository Center Company (Edaa) by the end of the trading session preceding the General Assembly meeting, in accordance with applicable laws and regulations. A shareholder may appoint a proxy of their choice, provided that such proxy is not a member of the Company’s Board of Directors.

 

 

The eligibility to register attendance at the General Assembly meeting ends at the time the meeting is convened, and the eligibility to vote on the agenda items is limited to attendees and ends once the Scrutineering Committee completes the vote counting.
Quorum for Convening the General Assembly's Meeting The Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least one quarter (25%) of the share capital. If the required quorum is not met to convene this meeting, a second meeting shall be held one hour after the end of the period specified for convening the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda 1-To vote on the Company’s External Auditor’s Report for the fiscal year ended 31 December 2025 after discussion.

 

2-To review and discuss the financial statements for the fiscal year ended 31 December 2025.

3- To review and discuss the Board of Directors’ Report for the fiscal year ended 31 December 2025.

4-To vote on delegating the Board of Directors with the powers of the Ordinary General Assembly as set out in Paragraph (1) of Article (27) of the Saudi Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the delegated Board’s term, whichever is earlier, in accordance with the conditions set forth in the implementing regulations for listed joint stock companies.

5-To vote on delegating the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026.

6-To vote on the disbursement of an amount of SAR 3,581,155 as remuneration to the members of the Board of Directors for the fiscal year ended 31 December 2025.

7-To vote on amending the Remuneration Policy for the Board of Directors, Board Committees, and Executive Management, to be effective as of 1 January 2026.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss the items on the agenda of the General Assembly and raise questions, Electronic voting via Tadawulaty services will be available free of charge for all shareholders through the following link: http://tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty Services will be able to vote remotely on the General Assembly agenda items starting from 1:00 a.m. on Friday 21/11/1447H, corresponding to 08/05/2026G, until the end of the General Assembly meeting. Registration and voting through Tadawulaty Services will be available and free of charge for all shareholders via the following link:

 

http://tadawulaty.com.sa
Method of Communication in Case of Any Enquiries For any inquiries, you may contact the Investor Relations:

 

Mobile: 0533669305

Email: Investors@gasco.com.sa
Additional Information Shareholders registered in Tadawulaty services will be notified via SMS explaining the procedure for participation in the deliberations of the Ordinary General Assembly Meeting. Shareholders’ questions and inquiries will also be received before and during the meeting through the following email: Investors@gasco.com.sa
Attached Documents   

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