tadawul
Element List Explanation
Introduction The Board of Directors of Riyadh Development Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled—God willing—to be held at 7:15 PM on Wednesday, 26 Dhul-Qa’dah 1447H, corresponding to May 13, 2026, via modern technology means.
City and Location of the General Assembly's Meeting Riyadh – the Company’s head office, via modern technology means.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly's Meeting 2026-05-13 Corresponding to 1447-11-26
Time of the General Assembly’s Meeting 19:15
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 In accordance with Article 30 of the Company’s bylaws, the Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least one quarter of the share capital. If the required quorum for holding this meeting is not met, a second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda 1.Review and discuss the Board of Directors’ report for the fiscal year ending December 31, 2025.
2.Vote on the Company’s auditor’s report for the fiscal year ending December 31, 2025, and discuss it.
3.Review and discuss the financial statements for the fiscal year ending December 31, 2025.
4.Vote on appointing the Company’s external auditor from among the nominees based on the Audit Committee’s recommendation, to examine, review, and audit the financial statements for the second and third quarters and the annual financials of 2026; the first, second, and third quarters and the annual financials of 2027; the first, second, and third quarters and the annual financials of 2028; and the first quarter of 2029, and to determine the auditor’s fees.
5.Vote on discharging the members of the Board of Directors from liability for the fiscal year ending December 31, 2025.
6.Vote on approving a remuneration of SAR 1,800,000 for the members of the Board of Directors for the fiscal year ending December 31, 2025.
7. Vote on the Board of Directors’ recommendation to distribute cash dividends of SAR 0.25 per share to the Company’s shareholders for the second half of 2025, representing (2.5%) of the nominal value per share, in a total amount of SAR 58,482,704.50. Entitlement to dividends shall be for shareholders holding shares at the end of trading on the day of the General Assembly meeting and registered in the Company’s shareholders register with the Securities Depository Center Company (Edaa) by the end of the second trading day following the entitlement date. The dividends shall be distributed within 15 business days from the entitlement date.
8.Vote authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026.
9.Vote on authorizing the Board of Directors with the powers of the Ordinary General Assembly as stipulated in paragraph (1) of Article 27 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 Board’s term, whichever is earlier, in accordance with the implementing regulations of the Companies Law for listed joint-stock companies.
10.Vote on the transactions and contracts concluded during the fiscal year ending December 31, 2025, between Riyadh Development Company and Talal Facilities Development Company, in which H.H. Prince Dr. Faisal bin Abdulaziz bin Ayyaf (Chairman of Riyadh Development Company and Chairman of Riyadh Holding Company) has an indirect interest, as both companies are shareholders in Talal Facilities Development Company. The transactions include additional capital contribution, settlement of dues to the associate company, advances provided, and expenses paid on its behalf, totaling SAR 112,786,592. These transactions were conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions.
11.Vote on the transactions and contracts concluded during the fiscal year ending December 31, 2025, between Riyadh Development Company and Deira Development for Real Estate Development and Investment Company, in which H.H. Prince Dr. Faisal bin Abdulaziz bin Ayyaf (Chairman of Riyadh Development Company and Chairman of the Board of Managers of Deira Development Company) has an indirect interest. The transactions include collections from customers of the associate company, dividend distributions, amounts collected on its behalf, expenses paid on its behalf, lease payments, and financing costs related to right-of-use assets, totaling SAR 30,156,216. These transactions were conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions.
12.Vote on the transactions and contracts concluded during the fiscal year ending December 31, 2025, between Riyadh Development Company and Sumou Holding Company, in which Mr. Abdulrahman bin Ayed Al-Qahtani (Board Member of Riyadh Development Company and Board Member of Sumou Holding Company) has an indirect interest, as both companies are shareholders in Tanal Real Estate Investment and Development Company. The nature of the transaction involves exiting the investment in Tanal Real Estate Investment and Development Company at book value, amounting to SAR 89,778. These transactions were conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions.
13.Vote on the transactions and contracts to be concluded during the fiscal year 2026 between Riyadh Development Company and Sumou Holding Company, in which Mr. Abdulrahman bin Ayed Al-Qahtani (Board Member of Riyadh Development Company and Board Member of Sumou Holding Company) has an indirect interest. The transaction involves Riyadh Development Company selling its units in Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Company for an amount of SAR 184,479,915. These transactions will be conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the items listed in the agenda of the general assembly and raise questions and inquiries. Shareholders registered in Tadawulaty services can vote electronically and remotely on the assembly agenda items via Tadawulaty's website: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda Registered shareholders on the Tadawulaty electronic services platform will be able to vote remotely on the agenda items of the general assembly through the electronic voting service. Voting will begin at 1:00 a.m. on Saturday, 22/11/1447 AH (corresponding to 09/05/2026) and will continue until the end of the assembly meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries If you have any questions, we hope to contact the Shareholder Affairs Department at:
Phone: 011-4110333 ext. 1103
Attached Documents
