Alwasail Industrial Co. Announces the Results of the 13th Extraordinary General Assembly Meeting (First Meeting)

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2- Mr. Saleh Abdullah Almushekih (Vice Chairman)

3- Mr. Naser Abdullah Almushayqih (Board member)

4- Mr. Abdulaziz Abdullah Almushayqih (Board member)

5- Mr. Abdulqader Abdullah Almushayqih (Board member)

6- Dr. Khalid Abdulaziz Alsharidah (Board member)

7- Eng. Mosaed Sulaiman Alohali (Board member)

8- Mr. Ibrahim Saeed Almubarak (Board member)

9- Mr. Rakan Mohammed Abunayyan (Board member)

2- Dr. Khalid Abdulaziz Alsharidah - Chairman of the Nominations and Remuneration Committee.

3- Mr. Saleh Abdullah Almushekih - Chairman of the Executive Committee.

2. The company's auditor's report for the fiscal year ending December 31, 2025, was approved after discussion.

3. The financial statements for the fiscal year ending December 31, 2025, were reviewed and discussed.

4. The appointment of Maham Professional Consulting Office as the company's auditor, from among the candidates recommended by the Audit Committee, was approved. This appointment is for the purpose of examining, reviewing, and auditing the financial statements for the second, third, and full quarters of fiscal year 2026 and the first quarter of fiscal year 2027, for a fee of SAR 485,000.

5. The discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025, was approved.

6. Approval of the payment of SAR 900,000 as a bonus to the Board of Directors for the fiscal year ending December 31, 2025.

7. Approval of authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026.

8. Approval of the Board of Directors' recommendation to distribute cash dividends of SAR 18,750,000 to shareholders for the fiscal year ending December 31, 2025, at a rate of SAR 0.075 per share, representing 7.5% of the share's par value. Eligibility for the dividends will be for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. The dividend distribution date will be determined within 15 business days from the entitlement date.

9. Approval of amending Article (4) of the company's Articles of Association, related to the company's objectives.

10. Approval of the amendment to Article (42) of the Company's Articles of Association, related to (Profit Distribution).

11. Approval of delegating to the Board of Directors the authority of the Ordinary General Assembly to grant the licenses stipulated in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the General Assembly, in accordance with the conditions stipulated in the Implementing Regulations of the Companies Law pertaining to listed joint-stock companies.

12. Approval of the transactions and contracts concluded during the fiscal year ending 31/12/2025 between the Company and (Construction Means Company Limited), in which Board Member Mr. Saleh Abdullah Al-Mashaiqah has a direct interest, and the following Board Members have an indirect interest: (Dr. Abdulrahman Abdullah Al-Mashaiqah, Mr. Nasser Abdullah Al-Mashaiqah, Mr. Abdulaziz Abdullah Al-Mashaiqah, and Mr. Abdulqader Abdullah Al-Mashaiqah). These transactions pertain to the (supply of plastic materials) with a total transaction value of (160,962) riyals, for a one-year term renewable annually (without preferential terms).

13. Approval of the transactions and contracts concluded for the fiscal year ending 31/12/2025 between the company and Thaqib Plastics Company, in which the following members of the Board of Directors have an indirect interest: Dr. Abdulrahman Abdullah Al-Mashayqah, Mr. Nasser Abdullah Al-Mashayqah, Mr. Abdulaziz Abdullah Al-Mashayqah, Mr. Saleh Abdullah Al-Mashayqah, and Mr. Abdulqader Abdullah Al-Mashayqah. These transactions involve the shredding of damaged plastic materials, with a total value of SAR 13,322,260, for a one-year term renewable annually (without preferential terms).

14. Approval of the transactions and contracts that took place for the fiscal year ending on 12/31/2025 between the company and (Board Member Mr. Saleh Abdullah Al-Mashayqah) in which he has a direct interest, and the Board Members have an indirect interest in which they are as follows: (Dr. Abdulrahman Abdullah Al-Mashayqah, Mr. Nasser Abdullah Al-Mashayqah, Mr. Abdulaziz Abdullah Al-Mashayqah, and Mr. Abdulqader Abdullah Al-Mashayqah), which is a (warehouse lease contract) with total transactions amounting to (179,690) riyals, for a period of one year that is renewed annually (without preferential terms).