| Element List | Explanation |
|---|---|
| Introduction | Red Sea International Co. announces the results of the Extraordinary General Assembly meeting (the first meeting), which was held at 7:00 pm in the evening on Thursday 03-01-1448 AH, corresponding to 18-06-2026 AD. |
| City and Location of the General Assembly's Meeting | Riyadh - the company's headquarters - by Means of Modern Technology |
| Date of the General Assembly's Meeting | 2026-06-18 Corresponding to 1448-01-03 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 54.91% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members attended the meeting: 1. His Excellency Mr. Amr Abdullah Al-Dabbagh (Chairman) 2. Mr. Sami Ahmed bin Mahfooz (Vice Chairman) 3. Dr. Lama Abdulaziz Al-Sulaiman 4. Mr. Mohammed Husnee Jazeel 5. Ms. Shahad Khalid Nejaim 6. Dr. Hans-Martin Stockmeier 7. Mr. Hani Bin Othman Baothman The following members were absent from the meeting: 1. Mr. Mohammed Zaher Al-Munajjed |
| 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 Committees’ Chairmen attended the meeting: 1. Dr. Lama Abdulaziz Al-Sulaiman (Chairman of the Nomination & Compensation Committee) 2. Dr. Hans-Martin Stockmeier (Chairman of the safety Sustainability Committee) The following members were absent from the meeting: 1. Mr. Mohammed Zaher Al-Munajjed (Chairman of the Audit Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Additional Information | If any inquiries to please contact the Investor Relations Department through: Phone: 0115206767 Email: IR@redseaintl.com |
| Attached Documents | Attached Documents |
Red Sea International Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)
AI Summary
- Red Sea International Co. shareholders approved the financial statements and board reports for the fiscal year ended December 31, 2025, during the Extraordinary General Assembly held on June 18, 2026.
- PriceWaterHouseCoopers (PwC) was appointed as the external auditor for the period covering Q2 2026 through Q1 2027, with total fees set at SAR 3,062,500 (excluding VAT).
- The assembly approved SAR 2,010,000 in board member remuneration and released the Board of Directors from liability for the 2025 fiscal year.
- Shareholders approved an amendment to Article 4 of the company's bylaws regarding company purposes and delegated certain General Assembly powers to the Board for a one-year period.
Attachments
