Al-Andalus Property Company calls its shareholders to attend the 15th Ordinary General Assembly (First Meeting) Via modern technology

This is in the interest of the safety of the shareholders and within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (COVID-19), and an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

2. Vote on the report of the Company’s auditor for the fiscal year ending on 31/12/2020.

3. Vote on the consolidated financial statements for the fiscal year ending on 31/12/2020.

4. Vote on discharging the board members from liability for the fiscal year ending on 31/12/2020.

5. Vote on the appointment of the Company’s auditor from among the candidates, based on the Audit Committee’s recommendation, to examine, review and audit the financial statements for Q2, Q3, annual statements for the fiscal year 2021, and Q1 of 2022, and determining their fees.

6. Vote on the Board’s recommendation to distribute dividends to shareholders for the fiscal year 2020 in the amount of SAR 35,000,000, i.e. Fifty halalas per share, representing 5% of the share nominal value. However, entitlement to dividends shall be to shareholders who are registered in the Company’s shareholders register at the Securities Depository Center Company upon the close of trading on the date of the Company's general assembly meeting, at the end of the second trading day following the date of the meeting. The dividend payment date will be determined later.

7. Vote on authorizing the Board to pay semi-annual or quarterly dividends for the fiscal year 2021,

8. Vote on the transactions and contracts (management contract) to be entered between the Company and Hayat Real Estate Co. (sister company), in which the Vice Chairman of the Board, Engineer/ Saleh Bin Muhammad Al-Habib, has an indirect interest as a member of the board of Hayat Real Estate Company. Also, the board member, Mr. Hathal bin Saad Al-Otaibi, has an indirect interest as a member of the board of Hayat Real Estate Co. According to the contract, the Company will manage Hayat Mall Center and charge Hayat Real Estate Co its prorated share of direct general and administrative expenses related to the management of the Center, without any extra charges or fees. The term of the contract is five calendar years commencing from 2/8/2020G, which is automatically renewable. The total amounts charged to Hayat Real Estate Co. being its share of direct general and administrative expenses related to the management of this center during 2020 stood at SAR 16,916,839. No preferential terms in this contract. (attached).

9. Vote on the transactions and contracts to be entered between the Company and Hayat Real Estate Co. (sister company), in which the Vice Chairman of the Board Eng. Saleh bin Muhammad Al-Habib, as a member of the Board of Directors of Hayat Real Estate Company, has an indirect interest as a member of the board of Hayat Real Estate Co. Also, Mr. Hathal bin Saad Al-Otaibi, has an indirect interest as a member of the board of Hayat Real Estate Co. According to the contract, Alandalus Property will manage, operate and lease out the commercial center of the Company in Riyadh, “Hayat Mall”, in return for specific fees set out in the contract (certain percentages of the Mall’s total income and the amounts collected from the tenants). The term of the contract is from 01/01/2021 to 31/12/2022, which is renewable automatically. The total amounts due to Alandalus Property Co. in 2020G for management, operation and leasing services stood at SR 4,501,418. No preferential terms in this contract. (attached).

10. Vote on delegating the power of the Ordinary General Assembly under Paragraph (1) of Article 71 of the Companies Law to the Board of Directors for one year from the date of the Ordinary General Assembly’s approval until the end of the term of the concerned Board of Directors, whichever is earlier, subject to the terms set out in the implementing rules and regulations of the Companies Law applicable to listed joint stock companies.

11. Vote on engagement by the Chairman, Mr. Abdulsalam bin Abdulrahman Al-Aqeel, in a business that is competitive to that of the Company (Attached).

12. Vote on engagement by vice chairman, Eng. Saleh bin Mohammad Al Habib in a business that is competitive to that of the Company (Attached).

13. Vote on engagement by board member, Mr. Ahmad bin Abdulrahman Al-Mousa, in a business that is competitive to that of the Company (Attached).

14. Vote on engagement by board member, Mr. Mohammad Abdulmohsen Al-Zakari, in a business that is competitive to that of the Company (Attached).

15. Vote on engagement by board director, Mr. Hathal bin Saad Al-Otaibi, in a business that is competitive to that of the Company. (Attached).

Phone No. 0114700735 ext. 888

Email : IR@alandalus.com.sa

mobile number 0551135356.