Watani Iron Steel Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Watani Iron Steel Company announces the results of its Ordinary General Assembly meeting (first meeting), held both in person and via modern technology, at 7:45 PM on Sunday, 13/01/1448 AH, corresponding to 28/06/2026 AD.
City and Location of the General Assembly's Meeting	In person at the company headquarters - Riyadh - Old Kharj Road - Heet District And via modern technology using the Tadawulaty system
Date of the General Assembly's Meeting	2026-06-28 Corresponding to 1448-01-13
Time of the General Assembly’s Meeting	19:45
Percentage of Attending Shareholders	69.398 %
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Mishal Abdul Karim Mohammed Al Rajhi (Chairman of the Board of Directors) Yousef Mohammed Abdul Rahman Al-Turaif (Managing Board Member and CEO) Omar Mohammed Abdul Rahman Al-Turaif (Deputy Chairman of the Board of Directors) Mashari Abdul Karim Mohammed Al Rajhi (Member of the Board of Directors) Faisal Mohammed Hammad Al Obaid (Member of the Board of Directors) Muhammad Abdul Rahman Omar Al-Wasidi (Member of the Board of Directors)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Faisal Mohammed Hammad Al-Obaid (Chairman of the Audit Committee) Mohammed Abdulrahman Omar Al-Wassidi (Chairman of the Nominations and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1) The Board of Directors' report for the fiscal year ending December 31, 2025, was reviewed. 2) The company's auditor's report for the fiscal year ending December 31, 2025, was approved. 3) The company's financial statements for the fiscal year ending December 31, 2025, were reviewed. 4) The Board of Directors was discharged from liability for the fiscal year ending December 31, 2025. 5) The Chairman of the Board, Mr. Meshal Abdulkarim Mohammed Al-Rajhi, was authorized to engage in activities that compete with the company's business. 6) Board member Mr. Mashari Abdulkarim Mohammed Al-Rajhi was authorized to engage in activities that compete with the company's business. 7) The election of the Board of Directors from among the nominees for the upcoming term, commencing July 2, 2026, and lasting four years until July 1, 2030, was approved. The elected members are: Abdulkarim Mohammed Al-Rajhi Yousef Mohammed Al-Tarif Meshal Abdulkarim Al-Rajhi Mashari Abdulkarim Al-Rajhi Faisal Mohammed Hammad Al-Obaid Abdullah Ahmed Saleh Al-Samaani