| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of ADES Holding Company is pleased to announce the results of the Ordinary General Assembly held on Sunday 15/09/2024G corresponding to 12/03/1446H after the quorum for the validity of the meeting was completed. |
| City and Location of the General Assembly's Meeting | Through modern technology means (via Tadawulaty System platform) at the company’s premises located at Prince Turki Road, Al Kurnaish District, Al Khobar, Kingdom of Saudi Arabia |
| Date of the General Assembly's Meeting | 2024-09-15 Corresponding to 1446-03-12 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 77.13% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by the following Board Members: 1. Dr. Mohamed Farouk Abdelkhalek (Vice-chairman) 2. Mr. Hatem Ahmed Soliman 3. Mr. Abdulrahman Khalid Al Zamil 4. Mr. Mohamed Walid Cherif 5. Mr. Kamel Ben Naceur The following Board Members were absent from this meeting: 1. Mr. Ayman Mamdouh Abbas 2. Mr. Muteb Mohammed Alshathri 3. Mr. Fadi Adel Alsaid 4. Mr. Haitham Mohammed AlFayez |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following committee chairpersons attended the meeting: • Mr. Mohamed Walid Cherif (Chairman of the Audit Committee and Chairman of the Remuneration and Nomination Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | • Approved the Board’s recommendations to distribute dividends amounting to SAR 237,498,443, to the shareholders for the financial period of ended 30/06/2024 G, at 0.216 riyals per share, at a rate of 21.6% of the nominal value of the share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the assembly date, and who are registered in the Company's shareholders registry held with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. Provided that the distribution of dividends begins on Tuesday, 01/10/2024G corresponding to 28/03/1446H. • Approved the authorisation of the Board of Directors to distribute interim cash dividends to the shareholders on a semi basis for the financial year 2024G. |
| Additional Information | The Board of Directors of ADES Holding Company would like to thank all the respected shareholders for their participation and attendance of the Ordinary General Assembly Meeting (First Meeting). For any inquiries, please directly contact the Legal Department through: Tel: (+966) 538663210 Email: legal@adesgroup.com Website: www.adesgroup.com |
