Tadawul-
Element List Explanation
Introduction The Board of Directors of Ades Holding Company is pleased to invite the company’s shareholders to attend and participate in the voting at the company’s extraordinary general assembly meeting (first meeting) scheduled to be held on 17/05/1448H corresponding to 28/10/2026G at exactly 6:30 pm through modern technology means using the Tadawulaty system.
City and Location of the Extraordinary General Assembly's Meeting At the company’s premises located at Prince Turki Road, Al Kurnaish District, Al Khobar, Kingdom of Saudi Arabia (via Tadawulaty System platform)
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-10-28 Corresponding to 1448-05-17
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End The right to attend shall be granted to shareholders registered in the issuer's shareholders record at the Depositary Center by the end of the trade session prior to the extraordinary 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 meeting ends at the time of convening the 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 assembly meeting is valid if it is attended by shareholders representing at least half of the capital. If this quorum is not present in the first meeting, the second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting will be valid if it is attended by a number of shareholders representing at least a quarter of the capital.
Meeting Agenda 1. Vote on the Board of Directors’ recommendation to increase the Company’s capital, as follows:
- The Company’s capital before increase: SAR 1,129,062,513 divided into 1,129,062,513 shares.
- The Company’s capital after increase: SAR 2,258,125,026 divided into 2,258,125,026 shares.
- Total increase amount: SAR 1,129,062,513
- Percentage of capital increase: 100%.
- Reason for Capital Increase: The increase in the capital will support the Company's long-term growth strategy by strengthening its capital base and enhancing shareholders' equity, reflecting the Company's strong financial position and maximizing shareholder return while supporting future growth and expansion plans.
- Method of Capital Increase: The increase will be affected through the capitalisation of SAR 1,129,062,513 from the share premium account, by granting one (1) share for every one (1) share held.
- Eligibility Date: Subject to approval, eligibility for the bonus shares will be for shareholders who own shares on the date of the Extraordinary General Assembly Meeting and registered in the Company’s shareholders register maintained by the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date.
In the event of fractional shares, such fractions will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed proportionately to eligible shareholders within a period not exceeding 30 days from the date of determining each shareholder’s entitlement to the new shares.
o the amendment of Article (7) of the Company’s Articles of Association relating to the capital. (Attached)
o the amendment of Article (8) of the Company’s Articles of Association relating to the Share Subscription. (Attached)
2. Voting on the amendment of Article (20) of the Company’s Articles of Association relating to the Powers of the Chairman, Vice-chairman, Managing Director and the Board Secretary. (Attached)
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss matters listed in the agenda of the extraordinary general assembly and raise relevant questions to the Board members. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: www.tadawulaty.com
Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty service will be able to vote electronically on the extraordinary general assembly’s agenda. Electronic voting will start on Saturday 13/05/1448H corresponding to 24/10/2026G at 1:00 am, and will last until the end of the extraordinary general assembly time. The eligibility to vote on the agenda items of the Assembly for attendees shall end upon the completion of the vote counting by the Screening Committee.
Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: www.tadawulaty.com.
Method of Communication in Case of Any Enquiries In the event of any inquiries about the terms of the meeting, please contact us via email at legal@adesgroup.com or at +966 539377764.
Additional Information Shareholders may direct questions and inquiries related to items of the Extraordinary General Assembly during the meeting via the broadcasting link that will be forwarded to the shareholders via Tadawulaty service, the full name of the shareholder should be mentioned, to accept an enquiry
