City Cement Co. Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)

Shareholders approved the company's financial statements for the fiscal year ended December 31, 2025, and authorized the Board of Directors to distribute interim dividends on a biannual or quarterly basis for the 2026 fiscal year.
Approved the payment of SAR 2,262,000 in remuneration to Board members and discharged the Board from liability for the 2025 fiscal year.
Authorized a contract with First Gas Company totaling SAR 16,711,205 to connect the plant in Marat to the natural gas grid, noting related party interests involving the Chairman, CEO, and one Board member.
Approved amendments to multiple Articles of the Company’s Bylaws, including those governing the company's term, share buybacks, management structure, and the powers and termination of Board membership.

Element List	Explanation
Introduction	City Cement Company announces the Results of the (second Meeting) due to the lack of a quorum in the first meeting, as the second meeting was held an hour after the first meeting as indicated in the invitation
City and Location of the General Assembly's Meeting	The company's headquarters, Riyadh Trough modern technology
Date of the General Assembly's Meeting	2026-06-28 Corresponding to 1448-01-13
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	30.97%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Mr. Badr bin Omar AlAbdullatif Mr. Fahad bin Omar AlAbdullatif Mr. Saleh bin Ibrahim AlShabnan Mr. Majid bin Abdulrahman AlOsailan Mr. Muhammad bin Hikmat AlZaim Mr. Muhammad bin Suleiman AlRajhi Mr. Muhammad bin Hamdan AlSuraiyea
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Badr bin Omar AlAbdullatif (Chairman Executive Committee) Mr. Muhammad bin Hamdan AlSuraiyea (Chairman Audit Committee) Mr. Muhammad bin Suleiman AlRajhi (Chairman Remuneration and Nomination Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Reviewed and discuss the report of the board of directors for the fiscal year ended on 31-12-2025. 2. Reviewed and discuss the company's financial statements for the fiscal year ended on 31-12-2025. 3. Approved and discuss the company's auditor's report for the fiscal year ended on 31-12-2025. 4. Approved to discharge the members of the Board of Directors from liability for the fiscal year ended on 31-12-2025. 5. Approved on paying an amount of SAR 2,262,000 as remuneration to the Board members for the fiscal year ending on 31/12/2025 6. Approved on the appointment of external auditors for the company from among the candidates based on the Audit Committee’s recommendation to examine, review, and audit the second and third quarters and yearend of 2026, and the first quarter of the fiscal year 2027 together with the determination of their remuneration. 7. Approved on authorizing the Board of Directors the elected member with the powers of the Ordinary General Assembly, with the permission mentioned in clause (1) of Article 27 of the Companies law, relating to businesses and contracts entered into for the account of the Company in which a Board member has a direct or indirect interest ,for a period of one year from the date of approval by the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions stipulated in the executive regulations of the companies law for listed joint stock companies. 8. Approved on authorizing the Board of Directors with the powers of the Ordinary General Assembly to grant the approval stated in paragraph (2) of Article 27 of the Companies Law, relating to a Board member’s participation in any business that may compete with the Company or compete with any branch of the activity carried out by the Company ,for a period of one year from the date of the General Assembly’s approval or until the end of the term of the delegated Board of Directors, whichever comes first, in accordance with the provisions of the Companies Law and its executive regulations for listed joint-stock companies, and in line with the competing activities specified in the Regulations of Competing Business Standards. 9. Approved on the authorization of the businesses and contracts entered into between the Company and First Gas Company, in which the following Board members hold an indirect interest: the Chairman of the Board, Mr. Bader Omar Al-Abdullatif; the Board Member and Chief Executive Officer, Mr. Majed Abdulrahman AlOsailan; and the Board Member, Mr. Fahad Omar Al-Abdullatif. The contract is for the connection of the Company's plant in Marat Governorate to the natural gas grid under the Liquid Fuel Displacement Program, with an original value of SAR 15,420,650. Additional amendments were subsequently made to the contract's scope with a value of SAR 1,290,555, bringing the total value of the contract and its amendments to SAR 16,711,205. The contract and its amendments were entered into on standard commercial terms and without any preferential terms or advantages. 10. Approved on delegating the Board of Directors member to distribute interim dividends on a biannual/quarterly basis for the fiscal year 2026. 11. Approved on amending Article 5 of the Company’s Bylaws, relating to the Company’s term. 12. Approved on amending Article 8 of the Company’s Bylaws, relating to participation and ownership in companies. 13. Approved on amending Article 9 of the Company’s Bylaws, relating to the Company’s purchase of its shares. 14. Approved on amending Article 15 of the Company’s Bylaws, relating to the management of the Company. 15. Approved on amending Article 16 of the Company’s Bylaws, relating to the expiry or termination of Board membership. 16. Approved on amending Article 17 of the Company’s Bylaws, relating to the expiry of the Board term, resignation of its members, or vacancy of membership. 17. Approved on amending Article 22 of the Company’s Bylaws, relating to the powers of the Board.