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

Raydan Food Company shareholders rejected the payment of board member remuneration totaling SAR 1,282,362 for the 2025 financial year and SAR 678,472 for the period from January to May 2026.
PKF Al Bassam Chartered Accountants was appointed as the external auditor for the second, third, and annual financial statements of 2026, and the first quarter of 2027, for a total fee of SAR 595,000.
Shareholders approved the discharge of Board of Directors members from liability for the 2025 financial year and confirmed the appointment of Mr. Ghassan Nabil Naseef as an independent board member until May 2029.
The Ordinary General Assembly meeting was held on June 30, 2026, with a shareholder attendance rate of 28.51%.

Element List	Explanation
Introduction	Raydan Food Company is pleased to announce to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting).
City and Location of the General Assembly's Meeting	At the Company’s Head Office in Jeddah – Al Safa District – Abdullah Al Sharbatly Street, in person and through modern technology means
Date of the General Assembly's Meeting	2026-06-30 Corresponding to 1448-01-15
Time of the General Assembly’s Meeting	20:00
Percentage of Attending Shareholders	28.51%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following members of the Board of Directors attended the meeting: 1. Mr. Nair Bayan Al-Sulami – Chairman of the Board 2. Mr. Sultan Mohammed Al-Huwaimil – Vice Chairman of the Board 3. Mr. Ghassan Nabil Naseef – Board Member 4. Mr. Adel Shams El Din Siddiqui – Board Member 5. Mr. Mazen Issa Alharbi – 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 attendees were present at the meeting: 1. Mr. Abdulrahman Misfer Al-Malki – Chairman of the Audit Committee 2. Mr. Sultan Mohammed Al-Huwaimil – Chairman of the Nomination and Remuneration Committee 3. Mr. Mazen Issa Alharbi – Chairman of the Governance, Risk and Compliance Committee 4. Mr. Nair Bayan Al-Sulami – Chairman of the Executive 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. The financial statements for the financial year ended 31 December 2025 were reviewed and discussed. 3. Approval of the Company’s External Auditor’s Report for the financial year ended 31 December 2025, following discussion thereof. 4. Approval of discharging the members of the Board of Directors from liability for the financial year ended 31 December 2025. 5. Non-approval of the payment of remuneration to the members of the Board of Directors amounting to SAR 1,282,362 for the period from 21 April 2025 until the end of the financial year on 31 December 2025. 6. Non-approval of the payment of remuneration to the members of the Board of Directors amounting to SAR 678,472 for the period from 1 January 2026 to 20 May 2026. 7. Approval of the appointment of PKF Al Bassam Chartered Accountants and Auditors as the Company’s external auditor from among the nominated firms, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second and third quarters and the annual financial statements for the financial year ending 31 December 2026, as well as the first-quarter financial statements for the financial year ending 31 December 2027, for a total fee of SAR 595,000. 8. Approval of the Board of Directors’ resolution appointing Mr. Ghassan Nabil Abdulilah Naseef as an Independent Board Member, effective from 17 February 2026 until the end of the current Board term on 19 May 2029, succeeding Mr. Abdullah Ahmed Al-Duraish, who served as an Independent Board Member.
Additional Information	For any inquiries, please contact the Shareholders Relations Department: Tel: +966 12 678 1177 Email: corporate.governance@raydan.com.sa