Tabuk Agricultural Development Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)

Tabuk Agricultural Development Company held its Ordinary General Assembly on June 24, 2026, with shareholders representing 15.97% of the company's capital.
Shareholders disapproved of discharging the Board of Directors from liability for the period from January 1, 2025, to August 12, 2025, while approving discharge for the subsequent period from August 12 to December 31, 2025.
RSM Allied Accountants was appointed as the external auditor for fiscal year 2026 and the first quarter of 2027 for a total fee of SAR 506,000 (inclusive of VAT).
The assembly approved the appointment of Eng. Abdullah Yousef Abdullah Al-Yousef as an independent board member to serve until the current term ends on August 11, 2028.

Element List	Explanation
Introduction	Tabuk Agricultural Development Company announces the results of the Ordinary General Assembly Meeting (Second Meeting), which was held at 7:30 PM on Wednesday, 24 June 2026, corresponding to 9 Muharram 1448H, through physical attendance as well as via modern technology means through the Tadawulaty platform. As the required quorum was not achieved for the First Meeting, the Second Meeting was convened one hour after the scheduled time of the First Meeting and was deemed valid with the shares represented therein in accordance with the Company's Bylaws. The attendance percentage at the Second Meeting reached 15.97% of the Company's share capital represented at the meeting, in accordance with the Company's Bylaws.
City and Location of the General Assembly's Meeting	In presence at the guest house at the company's project in Tabuk City - Halat Ammar Road, Also via modern technology through Tadawulaty.
Date of the General Assembly's Meeting	2026-06-24 Corresponding to 1448-01-09
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	15.97%
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. Eng. Nasser Dhaifallah Naqa Al- Rahili – Chairman of the Board. 2. Eng. Matar Ali Ahmed Al-Zahrani – Vice Chairman of the Board. 3. Mr. Abdullah Hamoud Al-Salhi – Managing Director. 4. Mr. Badr Abdullah Saleh Al-Hanaki – Board Member. 5. Eng. Waleed Mohammed Saleh Ali – Board Member. 6. Eng. Abdullah Yousef Abdullah Al-Yousef – Board Member. 7. Eng. Hatem Ali Talib Barajjash – Board Member.
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 chairpersons attended the meeting: 1. Eng. Nasser Dhaifallah Naqa Al- Rahili o Chairman of the Executive Committee o Chairman of the Strategy and Investment Committee 2. Mr. Badr Abdullah Saleh Al-Hanaki o Chairman of the Audit Committee 3. Eng. Waleed Mohammed Saleh Ali o 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 financial year ended 31 December 2025 was reviewed and discussed. 2) The Company's financial statements for the financial year ended 31 December 2025 were reviewed and discussed. 3) Approval was granted for the External Auditor’s Report for the financial year ended 31 December 2025, following its discussion. 4) Approval was granted for the appointment of RSM Allied Accountants for Professional Services as the Company's external auditor from among the nominated candidates, based on the recommendation of the Audit Committee, to review, examine, and audit the financial statements for the second and third quarters and the annual financial statements of fiscal year 2026, as well as the first quarter of fiscal year 2027, for a total fee of SAR 506000 (Saudi Riyals Five Hundred and Six Thousand) inclusive of Value Added Tax (VAT). 5) Approval of the Board of Directors’ resolution appointing Eng. Abdullah Yousef Abdullah Al-Yousef as an Independent Board Member effective from 11 March 2026 until the end of the current Board term on 11 August 2028, replacing the resigned Board Member Mr. Majid bin Ahmed Al-Suwaigh. 6) Disapproval of discharging the members of the Board of Directors from liability for the period from 1 January 2025 until 12 August 2025 (the end of the previous Board term). 7) Approval of discharging the members of the Board of Directors from liability for the period from 12 August 2025 (the beginning of the current Board term) until 31 December 2025.
Additional Information	The attendance rate required for the first meeting is 25%, while the attendance rate was 15.97% and the second meeting was held an hour after the first meeting, and the attendance rate for the second meeting was 15.97 % knowing that the attendance rate required for the second meeting is those who attended from among the shareholders according to the Company's bylaw.