Riyadh – Mubasher: The board of Almunajem Foods Company invited the company’s shareholders to participate in and vote at the upcoming Extraordinary General Meeting (EGM), according to a bourse disclosure.
The meeting is scheduled to take place on Sunday, 7 June, at 18:45 Riyadh time.
The company has clarified that the right to attend and participate is reserved for shareholders who are registered in the issuer’s shareholder registry at the Securities Depository Center (Edaa) by the conclusion of the trading session immediately preceding the assembly date. Eligibility to register for the meeting concludes at the time the assembly begins, while the right to vote on the agenda items will terminate once the counting committee has finalized the tallying of votes.
The first meeting requires a quorum of shareholders representing at least 50% of the company’s voting shares. In the event that this threshold is not reached during the initial call, a second meeting will be convened one hour after the scheduled end of the first session. The second meeting will be deemed valid if attended by shareholders representing at least 25% of the voting shares.
In a specific procedural note, the company informed its investors that proxy forms will not be made available for this particular meeting. Instead, the assembly will rely exclusively on the digital attendance and voting mechanisms provided by the Tadawulaty system. This move underscores the shift toward digital-only shareholder meetings for increased efficiency and transparency.
Shareholders who have inquiries regarding the meeting or the agenda items are encouraged to reach out to the company’s Investor Relations department.
Almunajem Foods has designated a specific electronic mail address for these communications to ensure that shareholder concerns are addressed in a timely and professional manner.
This upcoming EGM serves as a critical platform for the company to engage with its investor base on strategic matters while adhering to the regulatory standards set by the Capital Market Authority (CMA).
In the first quarter (Q1) of 2026, the Tadawul-listed company generated 142.50% year-on-year (YoY) higher net profits at SAR 97 million.
