Waleed Sharkawy

Zahrat Al Waha for Trading Co. Announces regarding the method and date for distributing cash dividends to shareholders for the second half of 2019

With reference to the announcement of Zahrat Al Waha for Trading Co. on Tadawul website on February 27, 2020 regarding the recommendation of the Board of Directors to distribute cash dividends to shareholders for the second half of 2019, which was approved by the Ordinary General Assembly on April 19, 2020, and the results of its meeting were announced on Tadawul website on April 20, 2020.

Zahrat Al Waha for Trading Co. is pleased to announce to its shareholders the method and date for distributing cash dividends for the second half of 2019, with a total amount of 11,250,000 SR, at seventy five (75) Halalas per share, representing 7.5% of par value of the share, and the dividend will start from Sunday, May 10, 2020, noting that the dividend entitlement to the shareholders who own shares on the due date and who are registered in the company’s shareholders ’register at the Edaa Center Company at the end of the second trading day following the day of the company’s general assembly.

The company requests all of it’s shareholders to update their bank account with banks before the date of the start of distributing dividends to ensure that dividends are deposited into their account.

In the event that the due dividends are not received after the distribution date or there are any other inquiries regarding the dividends, please contact the Investor Relations Officer:

Mobile: 0555453151
Email: abd.almohsen@zaoasis.com

Zahrat Al Waha for Trading Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

The Ordinary General Assembly meeting was held remotely and through modern technology: 26-08-1441H (corresponding to 19-04-2020)

Attendance ratio: 81.47%

1
Approval of the Board of Directors’ Annual Report for the fiscal year ending on 31st December 2019.
2
Approval of the external auditor report for the year ending on 31st December 2019.
3
Approval of the financial statements of the Company for the year ending on 31st December 2019.
4
Approval of the appointment of KPMG Al Fozan & Partners Certified Public Accountants of an external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the Company’s financial statements for the second, third, fourth, and 2020 year end, and the first quarter of 2021 and determining their fees.
5
Approval of the company’s board of directors recommendation to distribute cash dividends for the second half of 2019, at seventy-five (75) halalas per share, representing 7.5% of the par value of the share, with a total of 11,250,000 riyals, representing 7.5% of the capital, and that To the shareholders of the company, provided that the shareholders are entitled to the shares at the end of trading on the day of the meeting and registered in the company’s shareholders ’register with the Edaa Center Company at the end of the second trading day following the due date. The date of the distribution of profits will be announced later.
6
Approval of the business and contracts concluded between the company and the Hana Food Industries Company, for which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has a direct and indirect interest in it, which is a contract for the sale of finished goods and (preforms) and plastic caps. For bottles of different sizes and weights, buying and selling raw materials, packaging and packaging for a year without discrimination or preferential conditions, the value of transactions during the year 2019 amounted to 95,730,068 riyals sales and the amount of 1,773,334 riyals purchases.
7
Approval of the business and contracts that will take place between the company and Hana Food Industries, for which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has a direct and indirect interest in it, bearing in mind that the deal will be a contract for the sale of finished products and (Preform) and the plastic caps for bottles of different sizes and weights, buying and selling raw materials, packaging and packaging for a year without discrimination or preferential conditions, in the amount of 100,000,000 riyals.
8
Approval of the discharge of the Board of Directors from the liability for their activities during the year 2019 until the date of this AGA meeting.
9
Approval of the amendment of the company’s corporate governance regulations.
10
Approval of the disbursement of an amount of 300,000 riyals as a reward for independent board members for the fiscal year ending on December 31, 2019.
11
Approval of authorizing the Board of Directors to distribute interim dividends in half or quarterly terms for the fiscal year 2020.
12
Approval of delegating the Board of Directors the authority of the Ordinary General Assembly with the license mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board session, whichever is earlier, according to the conditions mentioned in the controls and procedures Regulatory issued in implementation of the corporate system for listed joint stock companies.

Zahrah Al-Waha Trading Company invites its valued shareholders to attend the Extraordinary General Assembly Meeting (First Meeting)

Zahrat Al Waha Trading Company Board of Directors is pleased to invite the company’s shareholders to attend the general assembly meeting (the first meeting) by means of modern technology using the Tadawulty system, and scheduled to be held, at the company’s Head office, Riyadh, Rabwah District, Al-Ahsa Street, Building No. 7449, Unit No. 1, at 6:45 pm on Sunday.

Based on the decision of the CMA Board on 16/03/2020 that includes the suspension of the association’s contract in attendance until further notice, and that it be satisfied with its contract via modern means of technology remotely, in order to ensure the safety of dealers in the financial market in the context of supporting preventive and precautionary measures and actions by the authorities The relevant and relevant health services to address the emerging coronavirus (COVID-19), 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.

General Assembly Meeting Agenda

1
Vote on the Board of Directors’ Annual Report for the fiscal year ending on 31st December 2019.
2
Vote on the external auditor report for the year ending on 31st December 2019.
3
Vote on the financial statements of the Company for the year ending on 31st December 2019
4
Vote on the appointment of an external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the Company’s financial statements for the second, third, fourth, and 2020 year end, and the first quarter of 2021 and determining their fees (attached).
5
Vote on the company's board of directors recommendation to distribute cash dividends for the second half of 2019, at seventy-five (75) halalas per share, representing 7.5% of the par value of the share, with a total of 11,250,000 riyals, representing 7.5% of the capital, and that To the shareholders of the company, provided that the shareholders are entitled to the shares at the end of trading on the day of the meeting and registered in the company’s shareholders ’register with the Edaa Center Company at the end of the second trading day following the due date. The date of the distribution of profits will be announced later.
6
Vote on the business and contracts concluded between the company and the Hana Food Industries Company, for which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has a direct and indirect interest in it, which is a contract for the sale of finished goods and (preforms) and plastic caps. For bottles of different sizes and weights, buying and selling raw materials, packaging and packaging for a year without discrimination or preferential conditions, the value of transactions during the year 2019 amounted to 95,730,068 riyals sales and the amount of 1,773,334 riyals purchases (attached).
7
Vote on the business and contracts that will take place between the company and Hana Food Industries, for which a member of the Board of Directors Mr. Ahmed Hammoud Ibrahim Altheyab has a direct and indirect interest in it, bearing in mind that the deal will be a contract for the sale of finished products and (Preform) and the plastic caps for bottles of different sizes and weights, buying and selling raw materials, packaging and packaging for a year without discrimination or preferential conditions, in the amount of 100,000,000 riyals (attached).
8
Vote on the discharge of the Board of Directors from the liability for their activities during the year 2019 until the date of this AGA meeting.
9
Vote on the amendment of the company's corporate governance regulations (attached).
10
Vote on the disbursement of an amount of 300,000 riyals as a reward for independent board members for the fiscal year ending on December 31, 2019.
11
Vote on authorizing the Board of Directors to distribute interim dividends in half or quarterly terms for the fiscal year 2020.
12
Vote on delegating the Board of Directors the authority of the Ordinary General Assembly with the license mentioned in Paragraph (1) of Article 71 of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board session, whichever is earlier, according to the conditions mentioned in the controls and procedures Regulatory issued in implementation of the corporate system for listed joint stock companies.

The company’s shareholders who are registered in the Tadawulati services website can use the electronic voting service, and start the voting process from ten o’clock in the morning on Sunday, Shaban 22, 1441 AH corresponding to April 15, 2020 AD until the end of the time of the General Assembly. Remotely, knowing that registering for my trading and voting service is available free of charge to all the company’s shareholders, at the following link: www.tadawulaty.com.sa

The right to register to attend an association meeting expires at the time of the meeting of the association. Likewise, the right to vote on the assembly’s items to attendees ends when the counting committee finishes counting the votes.

For more inquiries, please contact the shareholders official through:

Phone: 0112111705
Fax: 0112111703
Email: abd.almohsen@zaoasis.com
Postal address: Postal code 12814 – ext. 2980, Riyadh

Attachments

Amended Articles and Corporate Governance Regulations
Proxy
Notification Letter and Independent Limited Assurance Report
Independent Auditor’s Report
Audit Committee Report 2019

Zaoasis