| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arabian Contracting Services Co. is pleased to announce the results of the Extraordinary General Assembly Meeting (First Meeting), held via modern technology at 20:00 on Monday, 29 June 2026G, corresponding to 14 Muharram 1448H, after reaching the quorum of 71.90% and fulfilling the required legal quorum for the Extraordinary General Assembly Meeting pursuant to the Companies Law and the Company’s Bylaws. |
| City and Location of the General Assembly's Meeting | Via modern technology means from the Company’s Headquarters in Riyadh. |
| Date of the General Assembly's Meeting | 2026-06-29 Corresponding to 1448-01-14 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 71.90% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following members attended the meeting: 1- Mr. Mohamed Abdulelah Alkhereiji - Chairman. 2- Mr. Mohammed Abdullah Alnemer - Vice Chairman. 3- Mr. Munaji Fouad Taher Zamakhchari. 4- Mr. Mohammed Saud Mohammed Aghaith. 5- Mr. Naif Mohammed Altheeb. 6- Mr. Dhafer Hamoud Dhafer Alshehri. 7- Ms. Abeer Saud Alessa. |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following committee chairmen attended the meeting: 1- Mr. Mohamed Abdulelah Alkhereiji – Chairman of the Executive Committee. 2- Dr. Waleed Mohammed Al Bassam – Chairman of the Audit Committee. 3- Mr. Munaji Fouad Taher Zamakhchari – Chairman of the Nomination and Remuneration Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Additional Information | If there are any inquiries, please contact the Investor Relations Department at: TEL: 0112716916 E-Mail: IR@al-arabia.com |
| Attached Documents | Attached Documents |
Arabian Contracting Services Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders approved the financial statements and board reports for the fiscal year ended December 31, 2025, during the Extraordinary General Assembly meeting held on June 29, 2026.
- The Board of Directors was authorized to distribute interim dividends on a quarterly or semi-annual basis for the 2026 fiscal year.
- Approval was granted for the disbursement of SAR 681,507 in Board remuneration for 2025 and extensive amendments to various Articles of Association regarding company management and meeting quorums.
- Multiple related-party contracts from 2025 were ratified, including major transactions with Mouja Al Asr Advertising Company totaling SAR 76.6 million in revenues and SAR 317.1 million in purchases.
Attachments
