| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Saudi Advanced Industries Company (SAIC) invites the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first and second meeting will be held one hour after the first), which will be held at 8:30 PM on Monday, 14 Muharram 1448, corresponding to 29 June 2026, via modern technology |
| City and Location of the General Assembly's Meeting | Through modern technology from the company's headquarters in Riyadh |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-29 Corresponding to 1448-01-14 |
| Time of the General Assembly’s Meeting | 20:30 |
| Methodology of Convening the General Assembly’s Meeting | Via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | The right to attend shall be granted to shareholders registered in the issuer’s shareholders register at the Securities Depository Center (Edaa) by the end of the trading session preceding the General Assembly meeting, in accordance with applicable laws and regulations. The right to register attendance at the General Assembly meeting ends at the time of the meeting’s commencement. The right to vote on the meeting’s agenda items for attendees ends once the vote counting committee completes counting the votes. |
| Quorum for Convening the General Assembly's Meeting | According to Article (37) of the Articles of Association of Saudi Advanced Industries Company (SAIC), the Ordinary General Assembly meeting shall not be valid unless attended by shareholders representing at least one quarter of the company’s shares with voting rights. If the necessary quorum for the meeting is not met, a second meeting shall be held one hour after the scheduled time of the first meeting. In all cases, the second meeting shall be valid regardless of the number of shares represented therein. |
| General Assembly Meeting Agenda | 1. Review and discuss the Board of Directors’ Report for the fiscal year ended 31/12/2025G. 2. Review and discuss the financial statements for the fiscal year ended 31/12/2025G. 3. Vote on the External Auditor’s Report for the fiscal year ended 31/12/2025G, after discussion. 4. Vote on discharging the members of the Board of Directors from liability for the fiscal year ended 31/12/2025G. 5. Vote on the appointment of the Company’s external auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the second quarter, third quarter, and annual financial statements of the fiscal year ending 31/12/2026G, and the first quarter of the fiscal year ending 31/12/2027G, and determine their fees. 6. Vote on the amendment of the Remuneration Policy for the Board of Directors, Board Committees, and Executive Management. (Attached) 7. Vote on the amendment of the Policy for the Standards and Procedures for Membership in the Board of Directors. (Attached) 8. Vote on the amendment of the Audit Committee Charter. (Attached) 9. Vote on the amendment of the Nomination and Remuneration Committee Charter. (Attached) 10. Vote on the Competition Controls and Standards Policy. (Attached) 11. Voting on the disbursement of an amount of (1,777,136.99) as a bonus to the members of the Board of Directors for the fiscal year ending on 31/12/2025 |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | Shareholders have the right to discuss the items listed on the agenda of the General Assembly and to raise questions. Registered shareholders in the Tadawulaty services can also vote remotely on the Assembly’s agenda items through the Tadawulaty website: www.tadawulaty.com.sa. |
| Details of the electronic voting on the Assembly’s agenda | Registered shareholders in the Tadawulaty services may vote electronically and remotely on the items of the Ordinary General Assembly meeting (for both the first and second meetings, the second being one hour after the first), starting from 1:00 AM on Thursday 10-01-1448 corresponding to 25-06-2026, until the end of the Assembly meeting. Please note that registration and voting through Tadawulaty services are available free of charge to all shareholders via the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | We are pleased to receive your inquiries or comments through the Investor Relations Department via the following contact methods: Phone: 0114789840 Email: saiccom@saic.com.sa |
| Attached Documents | Attached Documents Attached Documents Attached Documents Attached Documents Attached Documents |
Saudi Advanced Industries Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)
AI Summary
- Saudi Advanced Industries Company (SAIC) invited shareholders to an Ordinary General Assembly meeting to be held virtually on June 29, 2026, at 8:30 PM.
- The agenda includes voting on the Board of Directors’ report, financial statements, and the discharge of board members for the fiscal year ended December 31, 2025.
- Shareholders will vote on the disbursement of 1,777,136.99 (SAR) as a bonus to board members for the 2025 fiscal year.
- Key governance items include voting on the appointment of an external auditor for the 2026 fiscal year and amending policies regarding remuneration, board membership standards, and committee charters.
