National Industrialization Co. Board invites its shareholders to attend the Extraordinary General Assembly Meeting the 22nd via Modern Technology (First Meeting)

Element List	Explanation
Introduction	TASNEE Board of Directors is pleased to invite the Company’s shareholders to participate and vote in the 22nd Extraordinary General Assembly Meeting (First Meeting) that would be held remotely via modern technology at 8:00 PM on Sunday May 11th, 2025 corresponding to 13/11/1446 H.
City and Location of the General Assembly's Meeting	The Head Office in Riyadh city – remotely via modern technology
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-05-11 Corresponding to 1446-11-13
Time of the General Assembly’s Meeting	20:00
Methodology of Convening the General Assembly’s Meeting	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	The Ordinary General Meeting shall be valid only if attended by shareholders representing at least half (50%) of the Company's Share Capital as per Article 27 of the Company’s Bylaws. In case of non-completion of the quorum at the first meeting, a second meeting will be held one hour after the first meeting and the second meeting will be valid if attended by shareholders representing at least quarter (25%) of the Company's Share Capital. The third meeting shall be valid regardless of the number of shares represented.
General Assembly Meeting Agenda	1. Review and discuss the Board’s report for the fiscal year ending on 31/12/2024. 2. Review and discuss the Company’s consolidated financial statements for the fiscal year ending on 31/12/2024. 3. Discussing and Voting on the auditor’s report on the Company’s accounts for the fiscal year ending on 31/12/2024. 4. Voting on the appointment of the external auditor, based on the recommendation of the Audit Committee; to examine, review and audit the financial statements for the second and third quarters as well as the annual statements for the fiscal year 2025 and for the first quarter of the year 2026, and to determine the auditor’s fees. 5. Voting on the business and contracts concluded between National Industrialization Petrochemicals Marketing Co. (TASNEE subsidiary company) and Non-Woven Industrial Fabrics Company, in which the Chairman of the Board Eng. Mubarak Abdullah Al-Khafrah has an indirect interest. The transactions include various purchase orders for polypropylene materials. The total purchase during the fiscal year 2024 amounted to SAR 22,539,825 and there are no preferential conditions (attached). 6. Voting on the election of the Members of Board of Directors for the next Board term starting on 06/07/2025 and ending on 05/07/2029, for the period of four years (CVs are attached). 7. Voting on amending Article Four of the company’s Bylaw related to the company’s activities (attached). 8. Voting on adding a new article to the company’s Bylaw regarding the company’s purchase, sale, or mortgage of its shares (attached). 9. Voting on Approving the company’s purchase of a number of its shares and a maximum of (66,891,416) shares and keep them as treasury shares, as the Board of Directors considers that the share price in the market is less than its fair value, and the purchase will be financed from the company’s own resources, and authorizing the Board of Directors to complete the process Purchase within a maximum period of 18 months from the date of the decision of the extraordinary general assembly, and the company will keep the purchased shares for a maximum period of (5) years from the date of approval of the extraordinary general assembly, and after the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations (Note that voting on this item is pending the General Assembly approval of adding a new article to the Company’s bylaw permitting the company to purchase its shares). 10. Voting on paying an amount of SAR 3,500,000 as remuneration to the Board members for the fiscal year ending on 31/12/2024. 11. Voting on the discharge of the members of the Board of Directors for the fiscal year ended 31/12/2024.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Eligibility for attendance registration and voting ends upon the convening of the General Assembly Meeting. Eligibility for voting on the meeting agenda ends upon the Counting Committee concluding counting of the votes. The shareholders also have the right to discuss topics on the assembly’s agenda and raise questions.
Details of the electronic voting on the Assembly’s agenda	The shareholders registered in Tadawulaty Portal can vote remotely on the General Assembly meeting’s agenda starting at 12:00 am on Wednesday 07/05/2025, till half an hour passed after the start of the General Assembly meeting. Registration and Voting in Tadawulaty will be available and free for all shareholders using the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries	If you have any inquiries, please contact the Investor Relations Department via the following phone number: 011-2222205 during the official working hours, or via the following e-mail: (IR@tasnee.com)
Attached Documents