Mohammed Hasan AlNaqool Sons Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( First Meeting )

Element List	Explanation
Introduction	The Board of Directors of Mohammed Hassan Al-Naqool Sons Company is pleased to announce the results of the Extraordinary General Assembly meeting, which included a capital increase (first meeting), held at 7:00 PM on Monday, 13/02/1448 AH, corresponding to 27/07/2026 AD, via modern technology.
City and Location of the Extraordinary General Assembly's Meeting	The company's headquarters are located in Dammam – via modern technology.
Date of the Extraordinary General Assembly's Meeting	2026-07-27 Corresponding to 1448-02-13
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	62.44%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following members of the Board of Directors attended the meeting: 1- Mr. Majid Mohammed bin Hassan Al-Naqool (Chairman of the Board) 2- Mr. Mohammed Hazza bin Mohammed Al-Mutairi (Vice Chairman of the Board) 3- Mr. Turki Mohammed bin Hassan Al-Naqool (Managing Director and CEO) 4- Mr. Fayez Abdullah bin Ayesh Al-Zaidi (Board Member) 5- Mr. Hatem Hamza bin Ali Al-Shallali (Board Member)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf	The following gentlemen attended the meeting: 1- Mr. Mohammed Hazza bin Mohammed Al-Mutairi (Chairman of the Risk Management Committee) 2- Mr. Hatem Hamza bin Ali Al-Shallali (Chairman of the Remuneration and Nominations Committee, and Chairman of the Audit Committee).
Voting Results on the Items of the General Assembly's Meeting Agenda's	First: Approval of the Board of Directors' recommendation to increase the company's capital by issuing bonus shares to the company's shareholders, as follows: - Company capital before the increase: SAR 29,000,000 - Company capital after the increase: SAR 58,000,000 - Percentage increase in capital: 100% - Number of company shares before the increase: 2,900,000 shares - Number of company shares after the increase: 5,800,000 shares - Reason for the capital increase: This increase aims to support the strategic growth plan, meet future expansion needs, and reinforce the company's financial solvency and strong financial position. - Method of capital increase: The increase will be achieved by capitalizing SAR 29,000,000 from retained earnings, by issuing one bonus share for every one share held by shareholders. - Eligibility Date: Eligibility is for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the issuer's shareholder register at the Securities Depository Center at the end of the second trading day following the eligibility date. In the event of fractional shares, these will be aggregated into a single portfolio for all shareholders and sold at the market price. The proceeds will then be distributed to the eligible shareholders according to their respective shares within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. - Approval of amending Article (8) of the Company's Articles of Association related to capital. - Approval of amending Article (9) of the Company's Articles of Association related to share subscription. Second: Approval of adding Article (13) to the Company's Articles of Association, related to the company's purchase, sale, and pledging of its own shares. Third: Approval of adding Article (14) to the Company's Articles of Association, related to participation and ownership in companies. Fourth: Approval of renumbering, rearranging, and renaming the Articles of Association to reflect the proposed amendments.