The board of directors of Al Tafawoq United Holding Company has invited the company’s shareholders to attend the extraordinary general assembly scheduled for Wednesday, February 19, 2025, at 12:00 PM, to discuss the agenda, which includes amending Article (14) of the article of association and the articles of incorporation to state: The company is managed by a board of directors consisting of five (5) members, appointed by the entity or entities entitled to nominate representatives to the board based on their shareholding percentage in the company, while the remaining members are elected by the general assembly through a secret ballot.

The assembly will also discuss adding a new article to the company’s purposes, designated as Article (55) in its articles of incorporation, which states: The company may buy or sell its own shares (treasury shares) at their market value, not exceeding 10% of its issued shares, in accordance with Law No. 7 of 2010 and its executive regulations and amendments according to the controls set by the relevant regulatory authorities.

It was clarified that if the legal quorum for convening is not met, a deferred second meeting will be held on Monday, March 10, 2025, at the same time and location, and the invitation will be valid for both meetings.