Riyadh – Mubasher: The Board of Directors of Marble Design Factory Company has invited shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), scheduled to be held via modern technology on Monday, June 2, 2025.

The company said in a statement on Tadawul that the agenda includes voting on a stock split from 10 riyals to a nominal value of 1 Saudi riyal per share. The company's share count will also be adjusted from 6 million to 60 million shares, confirming that there will be no change in the company's capital before and after the stock split.

Marble Design pointed out that the agenda includes voting on amending Article No. (7) of the company’s bylaws related to the company’s capital, and amending Article No. (8) of the company’s bylaws related to subscription to shares.

She noted that if the stock split is approved, the split decision will be effective for all the company’s shareholders who own shares on the day of the Extraordinary General Assembly and are registered in the company’s shareholders’ register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly in which the stock split was decided. The effect of the decision will be applied to the share price starting from the business day following the meeting of the assembly, provided that the decision is applied to the number of shares in the shareholders’ portfolios at the end of the second trading day following the date of the Extraordinary General Assembly in which the stock split was decided .

The agenda includes other items, including voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2025, and voting on appointing the company’s auditor from among the candidates, based on the Audit Committee’s recommendation, to examine, review, and audit the financial statements for the first half of fiscal year 2025 and the annual financial statements for fiscal year 2025, and determining their fees .