THE EGM OF ALIJARAH ENDORSES ITEMS ON ITS AGENDA

Alijarah Holding disclosed the results of its extraordinary general assembly meeting dated 11 May 2016, during which the following items were approved:

The EGM discussed and approved the agenda of the meeting as follows:

1. EGM approved the new Articles of Association (AoA) template according to the new Commercial Companies Law No. 11 of 2015, which includes all amendments required as per the illustrative form adopted by the Ministry of Economy and Commerce.
2. EGM approved the amendments to some of the Articles of Association clauses as follow:
   a) Amendment of Article -28- (of the old AoA) regarding the number of board members where the company is managed by a board of directors consisting of (6) members elected by the Ordinary General Assembly via secret voting instead of (7) members.
   b) Amendment of Article -29- (of the old AoA) regarding the board membership””s conditions where a board member must own 250 thousand shares (instead of 100 thousand shares).
3. The EGM authorized the Chairman/MD to sign the new Amended Articles of Association after the new amendments and to complete all the procedures to publicize it.