| Element List | Introduction |
| Explanation | The Board of Directors of Fitaihi Holding Group is pleased to invite its shareholders to attend the Ordinary General Assembly Meeting No. 21 (the first meeting), at the meeting hall of Fitaihi Headquarters in Jeddah, on Wednesday 15/07/2020 at 6:30 p.m., through means of modern technology, using Tadwulaty System, pursuant to the Circular of the Capital Market Authority Board issued on 16/03/2020, which stipulates that the GAs of the listed joint-stock companies will only be held via modern means of technology, while the personal attendance in such events will be suspended until further notice. This is in order to ensure the safety of the shareholders in the financial market and within the support of preventive and precautionary efforts and measures taken by the competent and relevant health authorities to address the new Coronavirus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia in taking the necessary preventive measures to prevent its spread. |
| City and Location of the General Assembly’s Meeting |
| Explanation | The meeting hall of Fitaihi Headquarters in Jeddah |
| URL for the Meeting Location |
| Explanation | https://goo.gl/maps/BVDyXvjqh5y |
| Date of the General Assembly’s Meeting |
| Explanation | 2020-07-15 Corresponding to 1441-11-24 |
| Time of the General Assembly’s Meeting |
| Explanation | 18:30 |
| Attendance Eligibility |
| Explanation | The registered shareholders in the Company’s Shareholders’ Record at the Depository Center, at the end of the trading session that precedes the GA Meeting, and according to the rules and regulations. |
| Quorum for Convening the General Assembly’s Meeting |
| Explanation | As per Article (30) of the Company’s Articles of Association, the quorum for holding the GA Meeting will be (25%) of the capital. In case of non-completion of the quorum at this meeting, a second meeting will be held within an hour of the scheduled time for the first meeting, and this meeting will be valid regardless of the number of the shares represented therein. |
| General Assembly Meeting Agenda |
| Explanation | Voting on the transactions and contracts that will take place between the Company and the member of the Board of Directors, Dr. Mohammed Ahmed Hassan Fitaihi. Transactions and contracts will be the sale of Fitaihi Holding Group’s 80% stake in the share capital of its subsidiary (Luxury Goods Trading Company Limited) to the member of the Board of Directors, Dr. Mohammed Ahmed Hassan Fitaihi, for a sum of 14.36 million SAR, to be paid as follows:
1- Down payment of 8.62 million SAR, equivalent to 60% of the value of the sale transaction, after the approval of the GA and the signing of the sale contract.
2- Paying the remainder of the transaction amount, 5.74 million SAR, equivalent to 40% of the value of the sale transaction, through obtaining gold and jewelry merchandise (selected by Fitaihi Holding Group) from the subsidiary (Luxury Goods Trading Company Limited) at its fair value as of the receiving date of the selected merchandise. (Attached) |
| Proxy Form |
| Explanation | |
| E-Vote |
| Explanation | The Company’s registered shareholders in Tadawulaty Services will be able to participate in the Electronic voting that will start at 10:00 a.m. on Sunday 12/07/2020, and will last until the end of the GA. Tadawulaty registration and voting on the General Assembly Meeting agenda items is free of charge for all the shareholders of the Company who can vote remotely via the website: www.tadawulaty.com.sa |
| Eligibility for Attendance Registration and Voting |
| Explanation | The eligibility to register attendance at the Assembly Meeting ends at the time of the GA, and the right to vote on the items of the agenda for attendees ends when the Counting Committee finishes counting of the votes. |
| Method of Communication |
| Explanation | In case of inquiries, please do not hesitate to contact the Corporate Governance and Investor Relations Dept. at the following:-E-mail: sh@fitaihi.com.sa-Whatsapp: 0554975570 |
| Attached Documents |
