Tourism Enterprise Co. (Shams) Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of the Tourism Enterprise Company (Shams) is pleased to invite its esteemed shareholders to attend the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held, God willing, at 7:00 PM On Thursday 02/02/1448 AH corresponding to 16/07/2026 AD. In person or virtually via modern technology.
City and Location of the General Assembly's Meeting	At Palm Beach Resort - Al Khobar Governorate - Half Moon Beach, in person and via modern technology. Meeting location: https://maps.app.goo.gl/gDBSmALZodmPP6zd7
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-07-16 Corresponding to 1448-02-02
Time of the General Assembly’s Meeting	19:00
Methodology of Convening the General Assembly’s Meeting	Attendance in-person and 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	The meeting of the General Assembly (ordinary) is valid if attended by at least 25% of the shareholders. If the quorum necessary is not available to hold this meeting, The second meeting will be held an hour after the end of the period specified for convening the first meeting, And the second meeting will be valid (whatever the number of shares represented in it).
General Assembly Meeting Agenda	Assembly items: Item 1: Voting on the dismissal of the current Board of Directors, based on a request submitted by some of its shareholders, who own shares representing 10.04% of the company's capital. These shareholders are: - Mr. Saeed bin Saleh bin Abdulaziz Babiker. - Lama International Investment Company. - Saleh Abdulaziz Babiker Sons Trading and Contracting Company. Justifications for the request: 1- The company's financial and operational results have fallen below shareholder expectations. 2- Accumulated losses, leading to a continued decline in shareholders' equity. 3- Failure to optimally utilize the company's available resources to develop its core business and activities. Item 2: Voting on the election of Board members from among the candidates for the upcoming term, which begins on 17/07/2026, and lasts for four years, ending on 16/07/2030. This is subject to approval of Item 1. (Candidates' CVs are attached.)
Proxy Form	Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Honorable shareholders have the right to discuss the topics included in the agenda of the Ordinary General Assembly and direct questions to the members of the Board of Directors, noting that voting in Tadawulati services is available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa/
Details of the electronic voting on the Assembly’s agenda	Shareholders registered with Tadawulaty services can vote electronically and remotely on the General Assembly's agenda items starting at 1:00 AM on Sunday, 27/01/1448 AH (corresponding to 12/07/2026 AD) until the end of the General Assembly meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link: https://www.tadawulaty.com.sa/
Method of Communication in Case of Any Enquiries	If you have any questions, please contact the Shareholder Relations Department over the phone: (013-8366669 Ext.: 7000) or on the e-mail: Info@shamstourism.com.sa.
Attached Documents	Attached Documents