National Environmental Recycling Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	National Environmental Recycling Co. Board of Directors has the pleasure to announce the results of the ordinary General Assembly Meeting (First Meeting) through Modern Technology
City and Location of the General Assembly's Meeting	At Tadweeer Company's HQ in Riyadh City, through modern technology
Date of the General Assembly's Meeting	2026-06-09 Corresponding to 1447-12-23
Time of the General Assembly’s Meeting	19:15
Percentage of Attending Shareholders	66.87%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1- Mr. Eyad Abdulaziz Al-Nafea (Chairman) 2- Mr. Abdulmohsen Abdulaziz AlFares (Vice Chairman) 3- Mr. Nasser Muhammad Al Dueb 4- Mr. Khalid Abdullah Al Rumaih 5- Mr. Fawzy Abdullah Al-Suwayeh Meanwhile, the Board Member mentioned below apologized for attending the ordinary General Assembly Meeting: 1- Dr. Nasser Abdulrahman Al-Rasheed
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1. Mr. Abdulmohsen Abdulaziz Al-Fares (Executive Committee Chairman) 2. Mr. Khalid Abdullah Al Rumaih (Nomination and Remuneration Committee Chairman) 3. Mr. Fawzy Abdullah Al-Suwayeh (Audit Committee Chairman)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- The financial statements for the fiscal year ending in December 31, 2025, were reviewed and discussed. 2- The Board of Directors' report for the fiscal year ending December 31, 2025, was reviewed and discussed. 3- The company's auditors' report for the fiscal year ending December 31, 2025, was approved after discussion. 4- The appointment of Al-Zoman, Al-Fahad, and Al-Hajj Professional Consulting Office as the company's auditors, from among the candidates nominated by the Audit Committee, was approved. The auditors will review and audit the financial statements for the second and third quarters and the annual financial statements for the fiscal year 2026, and the first quarter of the fiscal year 2027, for a total fee of 655,000 riyals. 5- The Board of Directors was discharged from liability for the fiscal year ending December 31, 2025. 6- Approval of disburse an amount of 672,000 Saudi Riyals as a remuneration for board members for the fiscal year ending 31 December 2025. 7- Approval of the Board of Directors' delegation of the authority of the Ordinary General Assembly to authorize the licenses stipulated in paragraph (1) of Article Seventy-One (71) of the Companies Law for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever comes first, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for listed joint-stock companies.
Additional Information	N/A