Al Rashid Industrial Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

2- Mr. Abdullah bin Sulaiman bin Fahad Al Issa - Vice Chairman of the Board of Directors.

3- Mr. Mohammed bin Abdulaziz bin Mohammed Al Rashed Al Humaid - Managing Director.

4- Mr. Waleed bin Hamad bin Mohammed Al-Rashed Al Humaid - Member of the Board of Directors.

5- Mr. Ahmed bin Abdulrahman bin Abdulaziz Al Mohsen - Member of the Board of Directors

2- Mr. Abdullah bin Sulaiman bin Fahad Al Issa - Chairman of the Remuneration and Nominations Committee

4- Mr. Waleed bin Hamad bin Mohammed Al Rashed Al Humaid - Chairman of the Executive Committee

2. Approval of the auditor's report for the financial year ended 31 December 2024 after discussion..

3. The Company's financial statements for the financial year ended 31 December 2024 were reviewed and discussed.

4. Approval of the appointment of PKF Al-Bassam Company as Chartered Accountants - as an auditor of the company from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the first and annual half of the fiscal year 2025 with fees amounting to (290,000) two hundred and ninety thousand Saudi Riyals.

5. Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of (1.25) riyals to shareholders for the financial period ending on December 31, 2024 AD, amounting to (10,000,000) riyals, which represents (12.5%) of the nominal share value. The eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly meeting and who are registered in the company’s shareholders’ register with the Securities Depository Center Company (the Depository Center) at the end of the second trading day following the due date. The date of dividend will be on 18 june 2025

6. Approval of the business and contracts concluded between Company and Al Rashid boxes and Plastic Products Est ,in which the Board Member, Mr. Muhammad Abdul Aziz Muhammad Al Rashid Al Humaid, has a direct interest, which took place during the fiscal year ending 12/31/2024 , amounting to (8,793,052) Riyals, which is Sale of plastic products to Al Rashid boxes and Plastic Products (Sole Estabiishment) headquartered in the United Arab Emirates - Dubai (without preferential benefits).

7. Approval of the Board of Directors’ decision to appoint (Ahmed bin Abdulrahman bin Abdulaziz Al Mohsen) as an (independent) member of the Board of Directors, starting from the date of his appointment on 07/01/2025 AD, to complete the Board’s term until the end of the current term on 01/07/2026 AD, succeeding the former member (Abdullah bin Hamad bin Muhammad Al Rabie), an (independent) member .

8. Approval of the discharge the members of the Board of Directors from liability for the fiscal year ending December 31, 2024.

9. Approval of the disbursement of an amount of (1,190,000) riyals as remuneration to members of the Board of Directors for the fiscal year ending December 31, 2024.

10. Approval of authorizing the Board of Directors to distribute interim, semi-annual dividends.

11. Approval of the Board of Directors’ recommendation to approve the transfer of the statutory reserve balance to retained earnings, amounting to SAR 11,663,574, according to the company’s financial statements as of December 31, 2024"