Saudi Cable Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Saudi Cable Company shareholders approved the auditor's report and reviewed the financial statements and Board of Directors' report for the fiscal year ended December 31, 2025.
Shareholders approved a related-party contract (good loan) valued at SAR 107,939,314.85 with Ibrahim bin Mansour bin Mohammed Al-Rajhi, executed without preferential terms.
The assembly ratified the appointments of five board members (Faris Al-Rajhi, Turki Al-Rajhi, Abdulmalik Al-Madara, Abdulmohsen Al-Rajhi, and Khalid Al-Shammari) to complete the current board session ending April 3, 2027.
Professional Advisors Company - Forvis Mazars (Al-Kharashi) was appointed as the external auditor for the second, third, and annual financial statements of 2026 and the first quarter of 2027 for a fee of SAR 850,000.

Element List	Explanation
Introduction	The Board of Directors of the Saudi Cable Company is pleased to announce the results of the Ordinary General Assembly Meeting (the first meeting), which was held in person at the company's headquarters in Jeddah, and through modern technology means using the Tadawulaty system, at 19:30 on Monday, 29 Dhu al-Hijjah 1447 AH corresponding to June 15, 2026, under the chairmanship of the Board of Directors, Mr. Khalid Khashoggi, after the completion of the quorum, where the attendance rate was%40.763, and according to the company's articles of association, the holding of the ordinary general assembly meeting is valid if it is attended. Shareholders represent at least a quarter of the capital.
City and Location of the General Assembly's Meeting	In person at the Company's main headquarters in Jeddah, Industrial City, and via modern technology means.
Date of the General Assembly's Meeting	2026-06-15 Corresponding to 1447-12-29
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	%40.763
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by the following members of the Board of Directors: 1. Abdullah Bin Odeh Al-Gobain- Chairman of the Board of Directors 2. Waleed Bin Abdulaziz Al-Showier - Vice Chairman of the Board of Directors 3. Faris Bin Mansour Al-Rajhi - Managing Director 4. Turki Bin Ibrahim Al-Rajhi 5. Khalid bin Asaad Khashoggi - Chief Executive Officer 6. Khalid Bin Sayer Al-Shammari 7. Shabib bin Hasan Al-Haqbani 8. Abdulmalik bin Mubarak Al-Mudraa 9. Abdulmohsen bin Abdullah Al-Rajhi
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1. Abdullah bin Odeh Al-Gobain (Chairman of the Executive Committee) 2. Khalid Bin Sayer Al-Shammari (Chairman of the Audit Committee) 3. Abdulmalik bin Mubarak Al-Madara (Chairman of the Nominations and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. The Board of Directors' report for the financial year ended 31 December 2025 was reviewed and discussed. 2. Approval and discussion of the Company's auditor's report for the fiscal year ended 31 December 2025, by 98.475% 3. The financial statements for the financial year ended 31 December 2025 were reviewed and discussed. 4. Approval of the works and contracts concluded in 2025 between the company and Mr. Ibrahim bin Mansour bin Mohammed Al-Rajhi, in which the members of the Board of Directors have an (indirect) interest in their capacity as relatives of the second party to the contract, namely: Mr. Turki bin Ibrahim bin Mansour Al-Rajhi and Eng. Faris bin Mansour bin Mohammed Al-Rajhi, which is a one-time contract (good loan) provided to the Saudi Cable Company that ends with the payment of the full amount, and the contract value is 107,939,314.85 (one hundred and seven million, nine hundred and thirty-nine thousand three hundred and fourteen). SAR and eighty-five halalas), and this contract was executed without terms or preferential benefits, by 91.231% 5. Approval of the Board of Directors' decision to appoint Eng. Faris bin Mansour Al-Rajhi (Executive Member) to the Board of Directors starting from the date of his appointment on 26/11/2025 to complete the Board of Directors session until the end of the current session on 03/04/2027, succeeding the resigned member Eng. Sabri bin Abdullah Al-Ghamdi (Non-Executive Member), by 94.618% 6. Approval of the Board of Directors' decision to appoint Mr. Turki bin Ibrahim Al-Rajhi (Non-Executive Member) to the Board of Directors starting from the date of his appointment on 26/11/2025 to complete the Board session until the end of the current session on 03/04/2027, succeeding the resigned member Dr. Saif bin Fuhaid Al-Harbi (Independent Member), by 95.233% 7. Approval of the Board of Directors' decision to appoint Eng. Abdulmalik bin Mubarak Al-Madara (Independent Member) to the Board of Directors starting from 26/11/2025 to complete the Board of Directors session until the end of the current session on 03/04/2027, succeeding the resigned member, Mr. Hamza bin Ghulam Goharji (Independent Member), by 94.727% 8. Approval of the Board of Directors' decision to appoint Mr. Abdulmohsen bin Abdullah Al-Rajhi (Independent Member) to the Board of Directors starting from the date of his appointment on 18/12/2025 to complete the Board of Directors until the end of the current session on 03/04/2027, succeeding the resigned member Mr. Mohammed bin Zuhair Murad (Independent Member), by 94.701% 9. Approval of the Board of Directors' decision to appoint Mr. Khalid bin Sayer Al-Shammari (Independent Member) to the Board of Directors starting from the date of his appointment on 18/12/2025 to complete the Board of Directors until the end of the current session on 03/04/2027, succeeding the resigned member Mr. Abdulkareem bin Mohammed Al-Nuhair (Independent Member), by 94.769% 10. Approval of the Competition Controls and Standards Policy, by 99.053% 11. Approval of the appointment of the Company's Auditor, Professional Advisors Company - Forvis Mazars (Al-Kharashi) from among the candidates, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second and third quarters and annual of the fiscal year 2026 and the first quarter of the fiscal year 2027, with fees of SAR (850,000), excluding VAT, by 91.418 %