Riyadh — Mubasher: The board of Mohammed Hasan Al Naqool Sons Company has invited shareholders to an Extraordinary General Assembly meeting (EGM) scheduled for 12 November 2026 at 19:30 through modern technology.
The meeting will address several significant amendments to the company’s bylaws, including a proposal to change the company's duration from a fixed 99-year term to an indefinite period, according to a bourse filing.
Shareholders will also vote on adding a new article to the bylaws authorizing the company to issue tradable debt instruments and financing Sukuk.
Additional agenda items include amending Article 11 regarding capital increases and Article 13 concerning the company’s right to purchase, sell, or pledge its own shares.
Under the proposed changes, Al Naqool may hold treasury shares up to a maximum of 10% of the total share class.
The assembly will further consider new policies for interim dividend distribution and social responsibility. Eligibility for the meeting is restricted to shareholders registered at the Depository Center at the end of the trading session preceding the assembly.
Meanwhile, electronic voting is set to commence at 1:00 on 8 November 2026. A quorum for the first meeting requires the presence of shareholders representing at least 50% of voting rights.
