Wafrah for Industry and Development Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of Wafrah for Industry and Development Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), held at 18:45 on Wednesday, 17-06-2026, corresponding to 02-01-1448. The meeting was held via modern technology means at the company's headquarters in the Third Industrial City, Riyadh (the meeting was conducted remotely).
City and Location of the General Assembly's Meeting	The company's headquarters in the Third Industrial City, Riyadh (the meeting was conducted remotely via modern technology means).
Date of the General Assembly's Meeting	2026-06-17 Corresponding to 1448-01-02
Time of the General Assembly’s Meeting	18:45
Percentage of Attending Shareholders	33.55%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	All the members attended Mr. Saad Salib Al-Otaibi (Chairman of the Board) Mr. Mohammed Yaqoub Al-Mukhadeb (Vice Chairman of the Board) Mr. Mohammed Hindi Al-Otaibi (Board Member) Eng. Eyad Abdulrahman Al-Bunyan (Board Member) Mr. Mohammed Kamal Al-Muzal (Board Member) Mr. Bader Adnan Al-Fada (Board Member) Mr. Majed Misfer Al-Ghofaili (Board Member)
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Mohammed Yaqoub Al-Mukhadeb (Chairman of the Executive Committee) Mr. Mohammed Hindi Al-Otaibi (Chairman of the Audit Committee) Mr. Majed Misfer Al-Ghofaili (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Reviewed and discussed the Board of Directors' report for the fiscal year ending on 31/12/2025. 2. Approved the Company’s external auditor’s report for the fiscal year ending on 31/12/2025. 3. Reviewed and discussed the Company’s financial statements for the fiscal year ending on 31/12/2025. 4. Approved the discharge of the Board of Directors’ members from liability for their management of the Company for the fiscal year ending on 31/12/2025. 5. Approved the appointment of RSM (RSM Allied Accountants Professional Services) as the Company’s external auditor, from among the candidates recommended by the Audit Committee, to audit the Company’s financial statements for the second, third, and fourth quarters, and the annual financial statements for the fiscal year 2026, as well as the first quarter of the fiscal year 2027, for a total fee of SAR 370,000. 6. Approved the Board of Directors’ recommendation regarding the amendment of the use of proceeds from the capital increase, which was approved in light of its prospectus dated May 23/5/2022, to operational developments and the Company's priorities.