| Element List | Explanation |
|---|---|
| Introduction | Bawan Company announces the results of the Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | The company's headquarters at Al Sehab Building, - King Fahd Branch Road, -Al-Muhammadiyah district, Riyadh city, Via means of modern technology |
| Date of the General Assembly's Meeting | 2026-06-23 Corresponding to 1448-01-08 |
| Time of the General Assembly’s Meeting | 19:15 |
| Percentage of Attending Shareholders | 49.09% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting of the General Assembly was attended by the following members of the Board of Directors: 1- Mr. Fozan Mohammed Al Fozan (Chairman of the Board) 2- Mr. Raed Ibrahim Al- Mudieheem (Vice Chairman of the Board) 3- Mr. Khalid Abdulrahman Al-Gwaiz 4- Mr. Abdulkarim Ibrahim Al-Nafie 5- Mr. Abdullah Abdulrahman Al- Rowais 6- Mr. Mohammed Abdulaziz Al-Ageel 7- Mr. Faisal Majed Al-Muhaidib 8- Mr. Abdulhamid Abdulaziz Al-Ohali 9- Mr. Mohammed Ahmed Al-Baadi |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The meeting of the General Assembly was attended by the chairmen of the following committees: 1- Mr. Abdullah Abdulrahman Al- Rowais (Chairman of the Audit Committee) 2- Mr. Khalid Abdulrahman Al- Gwaiz (Chairman of the Nomination and Remuneration Committee) 3- Mr. Fozan Mohammed Al Fozan (Chairman of the Executive Committee) 4- Mr. Abdulkarim Ibrahim Al-Nafie (Chairman of the Sustainability Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Attached Documents | Attached Documents |
Bawan Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Bawan Company shareholders approved the Board of Directors' recommendation not to distribute dividends for the 2025 fiscal year to support the company’s financial position.
- The assembly authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year.
- Ernst & Young was appointed as the external auditor for the period spanning Q2 2026 through Q1 2029, with a 2026 fee of SAR 2,980,000 and subsequent 5% annual increases for 2027 and 2028.
- Shareholders approved multiple related-party transactions for 2025, including a significant contract with Masdar Building Materials Company valued at SAR 164.1 million.
Attachments
