| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Tabuk Agricultural Development Company is pleased to invite its esteemed shareholders to participate and vote in the Extraordinary General Assembly Meeting (Third Meeting), which is scheduled to be held, God willing, at 6:30 p.m. on Sunday, 27 September 2026, corresponding to 16 Rabi’ Al-Thani 1448H, in person and via modern technology means through the Tadawulaty platform. |
| City and Location of the Extraordinary General Assembly's Meeting | In presence at the guest house at the company's project in Tabuk City - Halat Ammar Road,
According to the location below: https://urli.info/1pl5G Also, via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-09-27 Corresponding to 1448-04-16 |
| Time of the General Assembly’s Meeting | 18:30 |
| 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 | According to Article (29) of the company’s bylaws, “The third meeting shall be valid regardless of the number of shares represented in it...” |
| Meeting Agenda | 1) Voting on the Board of Directors’ recommendation to reduce the company’s share capital as follows:
• Share capital before reduction: SAR 391,767,000 • Share capital after reduction: SAR 76,524,600 • Capital reduction percentage: 80.47% • Number of shares before reduction: 39,176,700 shares • Number of shares after reduction: 7,652,460 shares • Reason for the capital reduction: To restructure the company’s capital in order to offset accumulated losses. • Method of capital reduction: By cancelling 31,524,240 shares of the company’s shares; one (1) share will be cancelled for every 1.24 shares owned. • Effective date of the reduction: If this item is approved, the capital reduction decision shall be effective for the company’s shareholders who own shares on the date of the Extraordinary General Assembly meeting and who are registered in the company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting at which the capital reduction was approved. • Impact of the capital reduction on the company’s obligations: The capital reduction will have no impact on the company’s financial obligations, operations, financial performance, or regulatory status. • Amendment of Article (7) of the company’s Articles of Association related to share capital. (Attached) • Amendment of Article (8) of the company’s Articles of Association related to capital subscription. (Attached) |
| Proxy Form | |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholders have the right to discuss the assembly agenda topics and ask related questions, shareholders can remotely vote on the Extraordinary assembly agenda through the electronic voting service using the following link: www.tadawulaty.com.sa
Also, in presence |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered on the Tadawulaty Services website will be able to vote electronically on the items of the General Assembly Meeting agenda through the Electronic Voting service. Electronic voting will commence at 1:00 a.m. on Wednesday, 23 September 2026, corresponding to 12 Rabi’ Al-Thani 1448H, and will continue until the end of the General Assembly Meeting. Registration and electronic voting through the Tadawulaty platform are available free of charge to all shareholders via the following link: WWW.TADAWULATY.COM.SA |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry about the association’s terms, we hope to contact the Investors Relations Department.
email: IR@tadco-agri.com |
| Attached Documents | |
