Investor Relationship
In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Khaleej Training and Education Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting), which is scheduled to be held, God Almighty willing, at 6:30 pm on Wednesday 01/12/1446 AH corresponding to 28/05/2025 AD via modern technological means. |
| City and Location of the General Assembly’s Meeting | At the company’s main headquarters in the Olaya district of Riyadh, through modern technology and the Tadawulati system – My trading link is: www.tadawulaty.com.sa |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly’s Meeting | 2025-05-28 Corresponding to 1446-12-01 |
| 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 | 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 Assembly meeting will be valid if it is attended by shareholders representing (at least a quarter of the capital), and if the quorum required to hold this meeting is not available, the second meeting will be held one hour after the end of the period specified for holding the first meeting, and the second meeting will be valid regardless of the number of shares represented. in it. |
| General Assembly Meeting Agenda | 1. Review the company’s financial statements for the fiscal year ending 31/12/2024 AD and discuss them.
2. Vote on the company’s auditor’s report for the financial year ending on 31/12/2024 After discussing it.
3. Reviewing the report of the company’s Board of Directors for the financial year ending on 31/12/2024 AD and discussing it.
4. Vote on appointing the company’s auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the quarter (second, third) and annual of the fiscal year 2025 AD and the first quarter of the fiscal year 2026 AD and determine his fees.
5. Voting to discharge the members of the company’s Board of Directors from their liability for the fiscal year ending on 31/12/2024 AD.
6. Vote on disbursing an amount of (1,500,000) one million five hundred thousand riyals as a reward to members of the company’s Board of Directors for the fiscal year ending on 31/12/2024 AD.
7. Vote on delegating the authority of the Ordinary General Assembly to the Board of Directors, with the license stipulated in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions stated in the Executive Regulations. The corporate system for listed joint stock companies.
8. Voting on the business and contracts concluded between Al Khaleej Training and Education Company and the Cooperative Insurance Company, in which the Board Member: Eng. Mohammed bin Hamad Hassan Al Quraisha – has an indirect interest (related parties), nature of the contract: Insurance contract (contracting with the Cooperative Insurance Company to provide medical insurance services to employees of Al Khaleej Training and Education Company and their families). Contract term: (1) year, value of transactions in 2024 AD: an amount of (29,192,292) Saudi riyals, and the contract does not contain any preferential conditions or benefits. (Attached)
9. Voting on the business and contracts concluded between Al Khaleej Training and Education Company and the owner of the Al-Ahsa Schools Complex, in which the Chairman of the Board of Directors, Mr. Abdulaziz bin Rashid Al-Rashed (a non-executive member), has an indirect interest (related parties). Nature of the transaction: An agreement to operate schools (Mr. Abdulaziz Al-Rashed – the owner of the school complex – contracted with Al Khaleej Training and Education Company to operate the Al-Ahsa Schools Complex in exchange for generating a profit margin from the operating costs). Contract duration: 20 years. Transaction value in 2024: SAR 650,074 (six hundred fifty thousand and seventy-four Saudi Riyals). The contract does not include any preferential terms or benefits. (Attached)
10. Voting on the business and contracts concluded between Al Khaleej Training and Education Company and AlKhaleej Limited Company in which the Chairman of the Board of Directors, Mr. Abdulaziz bin Rashid Al Rashid (non-executive member), has an indirect interest (related parties), nature of transactions: building rental contract (Al Khaleej Training and Education Company rents a building with a total area of (4,000) four thousand square meters from AlKhaleej Limited Company). Contract terms: (1) year, value of transactions in 2024 AD: an amount of (900,000) nine hundred thousand riyals, and the contract does not contain any preferential conditions or benefits. (Attached)
11. Voting on the business and contracts concluded between Al Khaleej Training and Education Company and each of: Mr. Abdulaziz bin Rashid Al Rashid (Non-Executive Member), Mr. Nayef bin Saleh Abdulaziz Al Rajhi (Non-Executive Member), and Engineer Al Waleed bin Abdul Razzaq Saleh Al Duraiyan (Non-Executive Member), with their direct interest therein (Related Parties), Nature of Transactions: Sales Contract (Al Khaleej Training and Education Company contracted to sell Taif Women’s Health Centers and Voge Women’s Beauty Center, owned by the company, to each of the members of the Board of Directors (Mr. Abdulaziz Al Rashid, Mr. Nayef Al Rajhi, Engineer Al Waleed Al Duraiyan), Value of Transactions in 2024: An amount of (7,200,000) seven million and two hundred thousand riyals, and there are no preferential conditions or benefits in the business. (Attached |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholder has the right to discuss the topics on the assembly’s agenda and ask questions.
Registration and voting in Tadawulati services will be available and free to all shareholders using the following link: https://tadawulaty.com.sa |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered in Tadawulati services can vote electronically remotely on the assembly’s items, starting at one o’clock in the morning on Saturday 26/11/1446 AH corresponding to 24/05/2025 AD, until the end of the assembly meeting time.
Registration and voting in Tadawulati services will be available and free to all shareholders using the following link: https://tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If there are any inquiries regarding the association’s items, we hope to contact the Shareholder Relations Department on phone number 0114623260, extension number 1593.1602 Or by email: adel-amin@alkhaleej.com.sa |
| Attached Documents | |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
