Alshehili Company for Metal Industries Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Alshehili Company for Metal Industries 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 17, 2026.
The assembly authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the 2027 fiscal year and appointed Maham Professional Consulting as the company auditor for 2026 for a fee of SAR 350,000.
Shareholders approved several related-party contracts involving Al-Shehili Engineering Industries and Mixstone Contracting Factory, including a 10-year factory lease at SAR 550,000 annually and labor rental services totaling over SAR 11.1 million.
A total of SAR 140,417 was approved as remuneration for board members for the 2025 fiscal year, alongside the discharge of board liability for the same period.

Element List	Explanation
Introduction	Alshehili Company for Metal Industries announces the results of the Ordinary General Assembly Meeting, which was held on Wednesday evening, 2/01/1448 H, corresponding to: 17/06/2026, at 8:30 p.m., through modern technology.
City and Location of the General Assembly's Meeting	Riyadh City - Through Modern Technology
Date of the General Assembly's Meeting	2026-06-17 Corresponding to 1448-01-02
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	78.11
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: • Ms. Hala Al-Shehili – Chairman • Mr. Mohammed Al-Shehili – Vice Chairman – Chief Executive Officer. • Mr. Abdullah Al-Abdullatif – Board Member • Mr. Ahmed Al-Yahya – Board Member • Mr. Hamad Al-Safyan – 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 following Audit Committee members attended the meeting: • Mr. Ahmed Al-Yahya - 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 ended 31-12-2025 was reviewed and discussed. 2- Approval of the Company's auditor's report for the year ended 31-12-2025 after discussing it. 3- The financial statements for the financial year ended 31-12-2025 were reviewed and discussed. 4- Approval to discharge the Board members from liability for the fiscal year ended 31 December 2025. 5- Approval of an amount of SAR (140,417.00) as remuneration for Board members for the fiscal year ended 31 December 2025. 6- Approval of the remuneration policy of the members of the Board of Directors, its subsidiaries, and the Executive Management. 7- Approval of the works and contracts executed for the financial year ending on: 31-12-2025, between the company and Al-Shehili Engineering Industries Company, which are for the Board of Directors, Mr. Hala Al-Shehili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili – Vice Chairman and CEO (indirect interest in it), which are: Providing rental services for the land and building of the factory for a period of 10 years with an annual rental value in the amount of: (550,000.00) SAR. This is without preferential conditions. 8- Approval of the works and contracts executed for the financial year ended 31-12-2025 between the Company and Al-Shehili Engineering Industries Company, which are for the Board of Directors: Mr. Hala Al-Shehili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili – Vice Chairman and CEO (indirect interest in it), which are: labor rent in the amount of (7,140,963.00) riyals, without preferential conditions. 9- Approval of the works and contracts executed for the financial year ended 31-12-2025 between the Company and Al-Shehili Engineering Industries Company, which are for Mr. Hala Al-Shehili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili – Vice Chairman and Chief Executive Officer (indirect interest in it), namely: lease contract and employee benefits in the amount of: (276,289.00) riyals, without preferential terms. 10- Approval of the works and contracts executed for the financial year ending on: 31-12-2025, between the Company and Mixstone Contracting Factory Company, which are for the Board of Directors: Mr. Hala Al-Shehili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili – Vice Chairman and CEO (indirect interest in it), which are: Provision of labor rental services in the amount of: (4,002,968.00) Saudi Riyals, without preferential conditions. 11- Approval of the works and contracts executed for the financial year ending on: 31-12-2025, between the Company and Mix Stone Contracting Factory Company, which are for the Board of Directors, Mr. Hala Al-Shehili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili – Vice Chairman and Chief Executive Officer (indirect interest in it), which are: Employee benefits in the amount of: (157,944.00) riyals, without preferential terms. 12- Approval of the works and contracts executed for the financial year ending on: 31-12-2025, between the company and Al-Izdihar Brands Establishment, which are for the Board of Directors, Mr. Hala Al-Shehili, Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili, Vice Chairman and Chief Executive Officer (indirect interest in it), namely: the purchase of materials in the amount of: (92,412.00) Saudi Riyals, without preferential conditions 13- Approval of the works and contracts executed for the financial year ending on 31-12-2025 between the Company and Al-Razan National Chemicals Company, which is for the Board of Directors, Mr. Hala Al-Shehili – Chairman of the Board of Directors, and Mr. Mohammed Al-Shehili – Vice Chairman and Chief Executive Officer (indirect interest in it), which is: the purchase of materials in the amount of: (3,988,430.00) Saudi Riyals, without preferential terms. 14- Approval of authorizing the Board of Directors to authorize the Ordinary General Assembly with the license stipulated in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the session of the delegated Board of Directors, whichever is earlier, in accordance with the conditions set forth in the Executive Bylaws of the Companies Law for Listed Joint Stock Companies. 15- Approved the authorization of the Board of Directors to distribute interim dividends to shareholders on a semi- or quarterly basis for the financial year ending on: 31-12-2027. 16- Approval of appointing Maham Professional Consulting as the Company's Auditor from among the nominees based on the recommendation of the Audit Committee to examine, review and audit the semi-annual and annual financial statements for the financial year ended 31-12-2026, for a fee of SAR (350,000) excluding VAT.