AYYAN Investment Co. (the “Company”) Announces the Results of the Extraordinary General Assembly (third meeting), Which Included the Approval of the Capital Increase

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1443/04/05 Wed Nov 10, 2021 08:02:13

AYYAN Investment Co. (the "Company") Announces the Results of the Extraordinary General Assembly (third meeting), Which Included the Approval of the Capital Increase

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Element List	Explanation
Introduction	AYYAN Investment Co. (the "Company") Announces the Results of the Extraordinary General Assembly (third meeting), Which Included the Approval of the Capital Increase
City and Location of the Extraordinary General Assembly's Meeting	The Company's headquarter in Al-Khobar through means of modern technology.
Date of the Extraordinary General Assembly's Meeting	2021-11-09 Corresponding to 1443-04-04
Time of the Extraordinary General Assembly's Meeting	18:30
Percentage of Attending Shareholders	%14.33
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1. Mr. Abdulrahman AbdulMohsen Sulaiman Balghoneim. (Chairman of the Board of Directors) 2. Eng. Saad Amash Saad Al-Shammary. (Vice Chairman of the Board of Directors) 3. Mr. Ahmed Abdullah Abdulaziz Al-Khayyal 4. Mr. Moaath Majid Dawood Al-Ohali 5. Dr. Adel bin Ahmed bin Yusuf Al-Saleh 6. Mr. Faisal bin Abdullah bin Mohammed Al-Qahtani 7. Eng. Hatem bin Hamad bin Abdullah Al-Suhaibani
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf	1.Mr. Moaath Majid Dawood Al-Ohali (Chairman of Audit Committee) 2. Eng. Hatem bin Hamad bin Abdullah Al-Suhaibani (Chairman of Remuneration and Nomination Committee) 3. Mr. Ahmed Abdullah Abdulaziz Al-Khayyal (Chairman of the Investment Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	Approving the Company's board of directors' recommendation to increase the Company's capital to acquire a company, as per the following: 1. increase the Company's capital by an amount of 69,042,590 Saudi riyals, as per the following: - the total amount of the capital increase: 69,042,590 Saudi riyals. - the capital before the capital increase: 737,320,690 Saudi riyals. - the capital after the capital increase: 806,363,280 Saudi riyals. - the number of shares before the capital increase: 73,732,069 shares. - the number of shares after the capital increase: 80,636,328 shares. - the capital increase rate is 9.4% - the reason the of the capital increase: acquiring the entire shares of each of Al-Othman Holding Company, Saad Abdulaziz Al-Hussein and Sons Company, Ibrahim Abdullah Al-Afaleq and Sons Company and Rashid Saad Al-Rashid (referred together as "Selling Shareholders of Al-Ahsa Company") in the Capital of Al-Ahsa Medical Services Company (a Subsidiary Company) ("Al-Ahsa Company"), which amounts to 3,964,850 Ordinary Shares, representing a percentage of (26.43%) of the Capital of Al-Ahsa Company. - the way of the capital increase: the issuance of 6,904,259 new shares in the Company to the Selling Shareholders of Al-Ahsa Company in exchange of acquiring (26.43%) of the Capital of Al-Ahsa Company. - the effective date of the capital increase: the resolution to increase the capital will be effective at the end of the trading day of the Extraordinary General Assembly. 2. amending Article 7 of the Company's bylaws to reflect the proposed increase in the capital in case of approving item number one.
Additional Information	- it is worth noting that the votes of the related parties from the Company's Board of Directors and its substantial shareholders is not counted during voting on the capital increase resolution, where the board member, Mr. Ahmed bin Abdullah Al-Khaya, and d Al-Othman Holding Company are related parties in the capital increase. It is, also, worth noting that Abdulmohsen Al Othman, Abdullah Al Othman and Manafea Al-Salam Medical Health Care Company abstained from voting on the capital increase resolution. - the share swap ratio is 1.741 new shares in the Company for every 1 share it is owned in Al-Ahsa Company by the Selling Shareholders of Al-Ahsa Company. - upon completion of the capital increase, Al-Ahsa Company will remain a subsidiary owned by the Company at (96.37%) For further details on the capital increase, please read the shareholders' circular

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