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

Meyar Co. shareholders approved the financial statements, board report, and auditor's report for the fiscal year ending December 31, 2025, during the Ordinary General Assembly meeting held on June 21, 2026.
The assembly approved a SAR 475,000 bonus for the Board of Directors and appointed an external auditor for the 2025 fiscal year with fees totaling SAR 345,000.
Shareholders ratified several related-party transactions, the largest being a SAR 19.58 million contract with Radam Company Limited involving equipment leasing, property sales, and raw material purchases.
The Board of Directors was discharged from liability for the 2025 fiscal year and granted authorization to exercise General Assembly powers under Article 27 of the Companies Law for one year.

Element List	Explanation
Introduction	The Board of Directors of Meyar Company is pleased to announce the results of the company’s Ordinary General Assembly meeting (first meeting), which was held via modern technology at 7:00 PM on Sunday, 06/01/1448 AH, corresponding to 06/21/2026 AD, after the legal quorum for the validity of holding the Ordinary General Assembly meeting was completed according to the company’s Articles of Association.
City and Location of the General Assembly's Meeting	At the company's headquarters, located in Al Majma'ah, Saudi Arabia - through modern technology and the Tadawulati platform.
Date of the General Assembly's Meeting	2026-06-21 Corresponding to 1448-01-06
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	66.02%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1. Mr. Abdullah Nasser Mohammed Al Turki (Chairman of the Board of Directors). 2. Eng. Badr Nasser Mohammed Al Turki (Vice Chairman of the Board of Directors). 3. Mr. Abdulrahman Nasser Mohammed Al Turki (Managing Director and Chief Executive Officer). 4. Mr. Ahmed Suleiman Abdullah Al Hamdan (Board Member). 5. Ms. Fay Abdul Aziz Ibrahim Al Manea (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	The meeting was attended by the following committee chairs: 1- Ms. Fay Abdul Aziz Ibrahim Al-Munaie (Board Member, Chair of the Audit Committee, Chair 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 fiscal year ending December 31, 2025, was reviewed and discussed. 2. The financial statements for the fiscal year ending December 31, 2025, were reviewed and discussed. 3. The company's auditor's report for the fiscal year ending December 31, 2025, was approved after discussion. 4. The discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025, was approved. 5. The payment of a bonus to the Board of Directors in the amount of SAR 475,000 for the fiscal year ending December 31, 2025, was approved. 6. The appointment of the company's auditor, from among the nominees recommended by the Audit Committee, was approved. The auditor will examine, review, and audit the semi-annual and annual financial statements for the fiscal year ending December 31, 2025, and their fees will be set at SAR 345,000. 7. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and Imdad Al-Ittihad Contracting Establishment, in which Board Member Mr. Abdullah Nasser Mohammed Al-Turki has an indirect interest, were approved. These transactions consist of the sale of property, machinery, and equipment without any preferential terms, for the amount of SAR 1,105,202. 8. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and Abdul Rahman Nasser Al-Turki Trading and Contracting Establishment, in which Board Member Mr. Abdul Rahman Nasser Mohammed Al-Turki has an indirect interest, were approved. These transactions consist of proxy expenses and the purchase of property, machinery, and equipment without any preferential terms, for the amount of SAR 2,733,267. 9. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and Radam Company Limited, in which Board members Mr. Abdulrahman Nasser Mohammed Al-Turki, Mr. Abdullah Nasser Mohammed Al-Turki, and Eng. Bader Nasser Mohammed Al-Turki have an indirect interest, were approved. These transactions consisted of equipment leasing, property sales, raw material purchases, hired labor, and agency expenses, without any preferential terms, for a total amount of SAR 19,577,848. 10. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and Hajar Al-Asas Company Limited, in which Board member Mr. Abdulrahman Nasser Mohammed Al-Turki has an indirect interest, were approved. These transactions consisted of the purchase of property, machinery, and equipment, without any preferential terms, for a total amount of SAR 680,000. 11. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and Himma Holding Company, in which Board members Mr. Abdulrahman Nasser Mohammed Al-Turki, Mr. Abdullah Nasser Mohammed Al-Turki, and Eng. Bader Nasser Mohammed Al-Turki have an indirect interest, were approved. These transactions and contracts, amounting to SAR 467,014, were conducted on behalf of the Company and were not subject to any preferential terms. 12. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and Ramad Limited, in which Board member Mr. Abdullah Nasser Mohammed Al-Turki has an indirect interest, were approved. These transactions and contracts, amounting to SAR 2,334,928, were conducted on behalf of the Company and were not subject to any preferential terms. 13. The transactions and contracts concluded for the fiscal year ending December 31, 2025, between the Company and United Housing for Real Estate Development and Investment Company, in which Board members Mr. Abdulrahman Nasser Mohammed Al-Turki, Mr. Abdullah Nasser Mohammed Al-Turki, and Eng. Bader Nasser Mohammed Al-Turki have an indirect interest, were approved. These transactions consist of proxy expenses and sales of cement products, without any preferential terms, amounting to SAR 9,864. 14. The Board of Directors was authorized to exercise the powers of the Ordinary General Assembly as stipulated in Paragraph (1) of Article 27 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 is earlier, in accordance with the provisions of the Implementing Regulations of the Companies Law pertaining to listed joint-stock companies.