Tadawul-
Element List Explanation
Introduction The Board of Directors of Ghida Alsultan for Fast Food Co. cordially invites shareholders to participate and vote in the Ordinary General Assembly Meeting via modern technology means using the Tadawulaty platform.
City and Location of the General Assembly's Meeting Company's Head Office in Jeddah - via modern technology means using the Tadawulaty system.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-11-12 Corresponding to 1448-06-02
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 registered in the company's shareholder register at the Securities Depository Center (Edaa) at the end of the trading session preceding the General Assembly meeting are entitled to attend, in accordance with applicable laws and regulations. Eligibility for attendance registration ends at the time of the meeting commencement, and voting eligibility ends upon completion of vote counting by the counting committee.
Quorum for Convening the General Assembly's Meeting The Ordinary General Assembly Meeting shall be valid if attended by shareholders representing at least half (50%) of the company's capital. If this quorum is not met, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda 1. Vote on the business and contracts executed during the current financial year ending December 31, 2026G between the Company and Mr. Yousef Aref Al-Masbahi, owner of Simple Burger Establishment, in which the Chairman of the Board of Directors, Mr. Aref Qaid Al-Masbahi, and the CEO, Mr. Majed Aref Al-Masbahi, have an indirect interest (kinship with Mr. Yousef Al-Masbahi, owner of the establishment). The transaction is an acquisition agreement to acquire 100% of Simple Burger Establishment, subject to prevailing commercial market terms without any preferential advantages or conditions. The total value of this agreement is SAR 23,800,000 (Twenty-Three Million Eight Hundred Thousand Saudi Riyals), payable in three installments upon fulfilling the agreed-upon conditions stated in the acquisition agreement (Attached).
2. Vote on the business and contracts executed during the current financial year ending December 31, 2026G between the Company and Mr. Saud Hadher Al-Oraifi, in which Board Member Mr. Naif Hadher Al-Oraifi has an indirect interest (kinship with the second party, Mr. Saud Hadher Al-Oraifi). The transaction is a partnership agreement for the purpose of establishing a limited liability company specialized in creating and managing digital food brands. This includes the entry of Ghida Alsultan for Fast Food Co. as a partner with an equity stake of 66.66%, versus a 33.34% equity stake for Mr. Saud Al-Oraifi, to establish, manage, and operate digital food brands affiliated with the company, subject to prevailing market conditions without any preferential advantages or conditions. The agreement term continues for the duration of the subject company, with a total agreement value of SAR 3,000,000 (Three Million Saudi Riyals), where Ghida Alsultan for Fast Food Co. pays an amount of SAR 2,000,000 in exchange for its share in the company (Attached).
3. Vote on the business and contracts executed during the current financial year ending December 31, 2026G between the Company and Mostasharoon Bela Hodood Law Firm, in which the Vice Chairman of the Board, HRH Prince Mansour bin Saad Al Saud (a non-professional, non-managerial partner in Mostasharoon Bela Hodood Law Firm), has an indirect interest. The contract is for providing legal services to the company under prevailing market conditions without any preferential advantages or conditions. The contract duration is one year, renewable annually by the General Assembly, with a value of SAR 190,000 (One Hundred Ninety Thousand Saudi Riyals) (Attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right The shareholders shall preserve the right to discuss the topics listed on the meeting’s agenda as well as ask questions.
The registered shareholders in the Tadawulati services will be able to vote remotely using the following link: www.tadawulaty.com.sa.
Details of the electronic voting on the Assembly’s agenda Shareholders have the right to discuss the items on the General Assembly agenda and address questions to the members of the Board of Directors. Shareholders can also register and vote electronically on the agenda items starting from 01:00 AM on Sunday, 28/05/1447H (corresponding to 08/11/2026G) until the vote counting committee concludes counting the votes. Registration and remote voting in Tadawulaty services are available and free of charge to all shareholders via: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries Please get in touch with the Shareholder Relations Department:
Phone: 0126226158 (Ext. 1020).
Email: IR@ghidas.com.
Address: Sultan Fast Food Company – Shareholder Relations, P.O. Box 23717, Jeddah 5103.
