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

Nayifat Finance Co. shareholders approved the financial statements, Board of Directors report, and auditor's report for the fiscal year ending December 31, 2025.
Ernst & Young Professional Services was appointed as the external auditor for the remainder of 2026 and the first quarter of 2027, with total fees set at SAR 1,285,000.
Shareholders approved SAR 744,572 in remuneration for Board and committee members for the 2025 fiscal year and discharged the Board from liability for the same period.
Related party transactions with Yaqeen Capital were approved, including commodity agency services and treasury share portfolio management involving Board members Mr. Fahad AlSubaie and Mr. Hossam AlAzzawi.

Element List	Explanation
Introduction	Nayifat Finance Co. announces the Results of the Ordinary General Assembly Meeting (First Meeting)
City and Location of the General Assembly's Meeting	Nayifat's headquarters in Riyadh, through modern technology means using the Tadawulaty system.
Date of the General Assembly's Meeting	2026-06-03 Corresponding to 1447-12-17
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	50.29%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The Ordinary General Assembly Meeting was attended by the following Board of Directors Members: 1- Mr. Saud Huwaymil AlDossary - Chairman 2- Mr. Eid Faleh AlShammari - Vice Chairman 3- Mr. Sami Abdullah AlZakri - Board Member 4- Mr. Anas Mohammed AlSheikh - Board Member 5- Mr. Naif Abduljalil AlSaif - Board Member 6- Mr. Naif Abdulaziz AlDughither - Board Member 7- Mr. Fahad Abdullah AlSubaie - Board Member 8- Mr. Hussam Muhannad AlAzzawi - 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 Committee’s Chairmen attended the General Assembly's Meeting: 1- Mr. Naif Abdulaziz AlDughither (Executive Committee Chairman) 2- Mr. Eid Faleh AlShammari (Audit Committee Chairman) 3- Mr. Anas Mohammed AlSheikh (Nomination and Remuneration Committee Chairman) 4- Mr. Saud Huwaymil AlDossary (Risk and Credit Committee Chairman) 5- Dr. AbdulRahman Abdulaziz AlNafisah (Shariah Committee Member)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- Reviewed and discussed the annual report of the Board of Directors for the fiscal year ending on 31-12-2025. 2- Reviewed and discussed the company's financial statements for the fiscal year ending on 31-12-2025. 3- Approval on the External auditor's report for the fiscal year ending on 31-12-2025, after discussed it. 4- Approval on discharging the members of the Board of Directors from liability for the financial year ending on 31-12-2025. 5- Approval on the payment of SAR 744,572 as remuneration to the members of the Board of Directors, Board Committees, and the Board Secretary for the financial year ending on 31-12-2025. 6- Approval on the appointment of the Company's external auditor (Ernst & Young Professional Services) from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second quarter, third and annuals of the fiscal year 2026 and the first quarter of the fiscal year 2027, with a fee of (1,285,000 Saudi Riyals). 7- Approval on the amendments to the Company’s Corporate Governance Regulations. 8- Approval on the amendments to the Audit Committee Charter. 9- Approval on the amendments to the Nomination and Remuneration Committee Regulations. 10- Approval on the amendments to the Conflict of Interest and Competition Policy. 11- Approval on the transactions to be conducted between Nayifat Finance Co. and Yaqeen Capital, in which Board members Mr. Fahad Abdullah AlSubaie and Mr. Hossam Mohannad AlAzzawi have an indirect interest (related parties) for the year 2026. These transactions involve acting as an agent on behalf of Nayifat’s clients in selling their financed commodities. It is noted that transactions executed during 2025 amounted to SAR 505 thousand for commodity agency transactions (inclusive of VAT), in addition to SAR 35.920 million as an advance payment for commodity Murabaha (Tawarruq) transactions, held on behalf of Nayifat, without any preferential terms. 12- Approval on the transactions conducted between Nayifat Finance Co. and Yaqeen Capital, in which Board members Mr. Fahad Abdullah AlSubaie and Mr. Hossam Mohannad AlAzzawi have an indirect interest (related parties) during 2025. These transactions involve managing the Company’s treasury shares portfolio and executing purchase transactions on its behalf. It is noted that the transactions amounted to SAR 73 thousand as treasury shares portfolio management fees (inclusive of VAT), in addition to SAR 43.374 million paid for the purchase of treasury shares held by the Company, without any preferential terms.
Additional Information	In case of any inquiry, shareholders can contact company's shareholder relations via email: Board_Secretary@nayifat.com Or call the toll-free number: 8001000088, on transfers (2022, 2042)