Element List Explanation
Introduction It is the pleasure of the Board of Directors of First Avenue for Real Estate Development Company to invite its valued shareholders to participate and vote in the Ninth Extraordinary General Assembly Meeting, which includes the increase of the Company’s capital (First Meeting), scheduled to be held, God willing, on Monday, 29/12/1447H corresponding to 15/06/2026G, at 7:15 PM, physically and through modern technology
City and Location of the Extraordinary General Assembly's Meeting Physically and through modern technology means.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-06-15 Corresponding to 1447-12-29
Time of the General Assembly’s Meeting 19:15
Methodology of Convening the General Assembly’s Meeting Attendance in-person and 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 Extraordinary General Assembly Meeting shall be valid if attended by shareholders representing at least half of the Company’s shares with voting rights. If the required quorum for holding this meeting is not met, the second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be valid if attended by a number of shareholders representing at least one quarter of the Company’s shares with voting rights.
Meeting Agenda Attached
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders shall have the right to discuss the items listed on the agenda of the General Assembly Meeting and direct questions to the members of the Board of Directors. Shareholders may also register and vote either physically through voting cards or electronically and remotely on the agenda items of the General Assembly starting from 1:00 a.m. on Saturday, 27/12/1447H corresponding to 13/06/2026G, until the vote counting committee completes the counting of votes.

 

 

Registration and voting through Tadawulaty services will be available free of charge to all shareholders through the following link: Tadawulaty.
Details of the electronic voting on the Assembly’s agenda Valued shareholders registered in Tadawulaty services may remotely vote on the agenda items of the Extraordinary General Assembly Meeting starting from 1:00 a.m. on Saturday, 27/12/1447H corresponding to 13/06/2026G, and voting will continue until the vote counting committee completes the counting of votes. Please note that registration and voting through Tadawulaty services are available free of charge to shareholders through the following link: Tadawulaty.
Method of Communication in Case of Any Enquiries In the event of any inquiries, please contact the Investor Relations Department:

 

 

Email:IR@The1stAvenue.com

Mobile: +966-55-850-6969
Additional Information A shareholder may authorize another person to attend the meeting on their behalf pursuant to a written power of attorney, provided that the proxy is not a member of the Board of Directors or an employee of the Company. The power of attorney must be certified by the Chambers of Commerce if the shareholder is affiliated with one, or if the shareholder is a company or legal entity, or by any licensed bank or authorized capital market institution in the Kingdom, provided that the principal maintains an account with the certifying bank or capital market institution, or by a notary public or persons licensed to perform notarization activities.

 

 

The shareholder or proxy shall provide the Company with a copy of the power of attorney at least two days prior to the date of the General Assembly Meeting by sending it to the following email address:

 

The proxy must present the original power of attorney prior to the meeting, and all shareholders/proxies must bring a valid identification document.
Attached Documents     

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