Announcement by Dar Al Majed Real Estate Company on the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Dar Al Majed Real Estate Company announces the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:25 p.m. on Tuesday, 15/01/1448H, corresponding to 30/06/2026G, via modern technology.
City and Location of the General Assembly's Meeting	The meeting was held through modern technology (remotely) from the Company’s head office in Riyadh.
Date of the General Assembly's Meeting	2026-06-30 Corresponding to 1448-01-15
Time of the General Assembly’s Meeting	19:25
Percentage of Attending Shareholders	65.56%
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: Mr. Khaled bin Abdulrahman Al Majed – Chairman of the Board Mr. Majed bin Abdulrahman Al Majed – Vice Chairman of the Board Mr. Nasser bin Abdulrahman Al Majed Mr. Abdulsalam bin Abdulrahman Al Majed – Managing Director Dr. Abdulrahman bin Mohammed Al Barrak Mr. Ali bin Abdulrahman Al Ghamdi Mr. Mohammed bin Mahmoud Abu Diab Mr. Abdulaziz bin Mohammed Al Mousa
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: Dr. Abdulrahman bin Mohammed Al Barrak – Chairman of the Audit Committee Mr. Ali bin Abdulrahman Al Ghamdi – Chairman of the Nomination 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 annual financial statements for the financial year ended 31 December 2025 were reviewed and discussed. 3. Approval of the Company’s external auditor’s report for the financial year ended 31 December 2025, after discussion. 4. Approval of the appointment of Ernst & Young (EY) as the Company's external auditor from among the nominees, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the second and third quarters and the annual financial statements for the financial year 2026, as well as the first-quarter financial statements for the financial year 2027, for a total fee of SAR 2,688,000, excluding VAT. 5. Approval of additional fees payable to the Company's external auditor, Ernst & Young (EY), amounting to SAR 750,000, in consideration of the additional work performed in examining and reviewing the Company's financial statements for the financial year 2025. 6. Approval of the business and contracts concluded between the Company and Jadwa Al Manzil Real Estate Fund, represented by a Development, Execution, Management, and Marketing Agreement for a residential tower project located in King Fahd District, Riyadh, under a Cost Plus model (actual cost plus development fees, performance incentive fees, and sales and marketing fees), with an estimated total development cost of SAR 115,457,388 and a term of 42 months. Board members Mr. Khaled Al Majed, Mr. Abdulsalam Al Majed, Mr. Nasser Al Majed, Mr. Majed Al Majed, and committee members Mr. Hussam Al Majed and Mr. Mohammed Al Majed have an indirect interest in this transaction. The transaction was conducted in the ordinary course of business and without any preferential terms. 7. Approval of the business and contracts concluded between the Company and Jadwa Al Manzil Real Estate Fund, represented by a Development, Execution, Management, and Marketing Agreement for a real estate project located in Arqah District, Riyadh, under a Cost Plus model (actual cost plus development fees, performance incentive fees, and sales and marketing fees), with an estimated total development cost of SAR 65,403,020 and a term of 36 months. Board members Mr. Khaled Al Majed, Mr. Abdulsalam Al Majed, Mr. Nasser Al Majed, Mr. Majed Al Majed, and committee members Mr. Hussam Al Majed and Mr. Mohammed Al Majed have an indirect interest in this transaction. The transaction was conducted in the ordinary course of business and without any preferential terms. 8. Approval of the business and contracts concluded between the Company and Jadwa Al Manzil Real Estate Fund, represented by a Development, Execution, Management, and Marketing Agreement for a real estate project located in Hittin District, Riyadh, under a Cost Plus model (actual cost plus development fees, performance incentive fees, and sales and marketing fees), with an estimated total development cost of SAR 85,076,134 and a term of 36 months. Board members Mr. Khaled Al Majed, Mr. Abdulsalam Al Majed, Mr. Nasser Al Majed, Mr. Majed Al Majed, and committee members Mr. Hussam Al Majed and Mr. Mohammed Al Majed have an indirect interest in this transaction. The transaction was conducted in the ordinary course of business and without any preferential terms.
Additional Information	For any inquiries, please contact the Investor Relations Department via the following email: ir@almajdiah.com