| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Hayat Al-Nadhafa Company is pleased to announce the results of the Ordinary General Assembly meeting (First Meeting), which was held at 6:30 PM on Sunday, May 3, 2025, corresponding to 16/11/1446H, via modern technology using the Tadawulaty system. |
| City and Location of the General Assembly's Meeting | Modern means of technology |
| Date of the General Assembly's Meeting | 2026-05-03 Corresponding to 1447-11-16 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | %85.45 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Names of the Attending Members: 1. Mr. Mohammed bin Saleh bin Ali Al-Nasser – Chairman of the Board 2. Mr. Abdullah bin Saleh bin Ali Al-Nasser – Vice Chairman of the Board 3. Mr. Abdulaziz bin Saleh bin Ali Al-Nasser – Board Member 4. Mr. Abdulrahman bin Saleh bin Ali Al-Nasser – Board Member 5. Mr. Mohammed bin Abdullah bin Mohammed Al-Olayan – Board Member 6. Mr. Abdulrahman bin Ibrahim bin Hamad Al-Hedlaq – 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. Abdulrahman bin Ibrahim bin Hamad Al-Hedlaq – Chairman of the Audit Committee. |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors' report for the financial year ending on 31/12/2025 was reviewed and discussed. 2. Approval of the company's auditor's report for the financial year ending on 31/12/2025, after discussion. 3. The financial statements for the financial year ending on 31/12/2025 were reviewed and discussed. 4. Approval of the appointment of Maham Professional Consulting Company, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the first half and the annual financial statements of the fiscal year 2026, with fees set at SAR 235,000. 5. Approval of the transactions and contracts between the company and Asas Makin Real Estate Development Company, in which board member Abdulrahman Ibrahim Al-Hadlaq has a direct interest. These transactions include the execution of a residential building for the company for a period of one year without preferential terms, totaling an amount of (1,491,567) SAR. 6. Approval of granting the Board of Directors the authority of the Ordinary General Assembly with respect to the authorization mentioned in paragraph (1) of Article 27 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 term of the authorized Board of Directors, whichever comes first, in accordance with the conditions specified in the Executive Regulations of the Companies Law for listed joint-stock companies. 7. Approval of the Board of Directors' recommendation to distribute cash dividends amounting to (3,000,000) SAR to shareholders for the second half of the financial period ending on 31/12/2025, with the entitlement being for shareholders holding shares at the end of the trading day of the General Assembly meeting, and who are registered in the company’s shareholder record at the Securities Depository Center (Edaa) by the end of the second trading day following the entitlement date. The distribution of dividends will begin on 21/05/2026. 8. Approval of granting the Board of Directors the authority to distribute interim dividends on a semi-annual basis for the fiscal year 2026. 9. Approval of the payment of an amount of (552,000) SAR as bonuses to the Board of Directors for the financial year ending on 31/12/2025. 10. Approval of the appointment of Mr. Sulaiman bin Saleh Al-Zaben as a member of the Audit Committee on 14/06/2025, to complete the term of the resigned committee member Mr. Sultan bin Ahmed Al-Shubaili. 11. Approval of the amendment of the Audit Committee Charter. 12. Approval of the Remuneration and Nomination Committee Charter. 13. Approval of the Board of Directors and Board Committees Membership Criteria and Procedures Policy. 14. Approval of the Remuneration Policy for the Board of Directors, Board Committees, and Executive Management. |
