Saudi Company for Hardware announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

Saudi Company for Hardware announces to Invites its Shareholders to Attend the ( First Meeting ) Extraordinary General Assembly Meeting

|Element List||Explanation|

|Introduction||The Board of Directors of SACO is pleased to invite the honorable shareholders to Attend the Extraordinary General Assembly Meeting (the first meeting), which is scheduled to be held through modern technology, God willing, at exactly 06:45 pm on Wednesday June 14, 2023, corresponding to 25-11-1444.|

|City and Location of the General Assembly's Meeting||Riyadh City – SACO head office - By Means of Modern Technology|

|URL for the Meeting Location||https://www.tadawulaty.com.sa|

|Date of the General Assembly's Meeting||2023-06-14 Corresponding to 1444-11-25|

|Time of the General Assembly's Meeting||18:45|

|Attendance Eligibility||Shareholders who are registered in the company's 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.|

|Quorum for Convening the General Assembly's Meeting||Based on article 31 of company's bylaws, the legal quorum for the Extraordinary General Assembly meeting is the presence of shareholders representing at least (50%) of the company’s capital, and if this quorum is not available in the first meeting, the second meeting will be held an hour after the expiration of the time limit for the first meeting, and the second meeting will be