| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Theeb Rent a Car Company is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 18:30 on monday, 22-12-1447H, corresponding to 08/06/2026G, via modern technology. |
| City and Location of the General Assembly's Meeting | Via means of modern technology at company head office, Riyadh |
| Date of the General Assembly's Meeting | 2026-06-08 Corresponding to 1447-12-22 |
| Time of the General Assembly’s Meeting | 06:30 |
| Percentage of Attending Shareholders | 39.77 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following directors attended the meeting: Mr. Riyadh Saleh Almalik - Vice Chairman of the Board Mr. Haitham Tofik AlForaih – Board of Member Mr. Selim Chidiac – Board of Member Mr. Naif Mohammed Al-Theeb – Board of Member Mr. Mohammed Hamoud Al-Theeb – Board of Member Mr. Munir Mohammed Al Zu’bi - Board of Member Excused directors: Mr. Mohammed Ahmed Al-Theeb – Chairman of the Board |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Haitham Tofik AlForaih - Chairman of Audit Committee Mr. Riyadh Saleh Almalik - Chairman of Nomination and Remuneration Committee Mr. Selim Chidiac - Chairman of Executive Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors Report for the fiscal year ended on 31-12-2025 was reviewed and discussed. 2. The financial statements for the fiscal year ending on 31-12-2025 was reviewed and discussed. 3. Approval of company’s audit report for the financial year ending 31-12-2025 after discussing it. 4. Approval of discharging the members of the Board of Directors from their liabilities for the fiscal year ending on 31 12-2025 5.Approval of the appointment of Ernst & Young Professional Services as the company’s external auditor from among the nominees, based on the recommendation of the Audit Committee, to review, examine, and audit the financial statements for the second, third, and annual quarters of the fiscal year 2026, and the first quarter of the fiscal year 2027, and to determine their fees in the amount of SAR 955,000 excluding VAT 6. Approval of paying an amount of (1,200,000) riyals as remuneration to the Board members for the fiscal year ending on 31-12-2025. 7. Approval of delegating the Board of Directors to distribute interim dividends on a biannual or quarterly basis for the fiscal year 2026. 8. Approval of delegating the authority of the Ordinary General Assembly to the Board of Directors, with the authorization contained in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the session of the delegated Board of Directors, whichever comes first, in accordance with the conditions contained in the Executive Regulations. The corporate system for listed joint stock companies 9- Approval of the amendment of the Rewards Policy |
| Attached Documents | Attached Documents |
Theeb Rent a Car Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Theeb Rent a Car Co. shareholders approved the financial statements, audit report, and board report for the fiscal year ending December 31, 2025.
- The Board of Directors was authorized to distribute interim dividends on a quarterly or biannual basis for the fiscal year 2026.
- Ernst & Young Professional Services was appointed as external auditor for FY 2026 and Q1 2027 for a fee of SAR 955,000 (excluding VAT).
- Shareholders approved SAR 1.2 million in total remuneration for Board members for FY 2025 and discharged them from liability for the same period.
Attachments
