Al Kathiri Holding Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

1) Mr. Khaled Abdel-Mohsen Abdel-Rahman Al-Khayal (Chairman of the Board of Directors)

2) Mr. Saud Mohammed Abdullah Al Shuraym (Vice Chairman of the Board of Directors)

3) Mr. Meshal Mohammed Nasser Alkathiri (Managing Board Member and CEO)

4) Mr. Abdullah Abdulrahman abdullah Al Shaikh (Member of the Board of Directors)

And none of the members of the Board was absent from attending the meeting

2) Mr. Ahmed Nasser Ahmed Al-Sayegh (Chairman of the Audit Committee)

No one was absent

2 - The company's financial statements for the FY ending on December 31, 2025G has been reviewed and discussed.

3- Approval of on the company's auditor report for the FY ending on December 31, 2025

4 - Approval of the appointment of (Yasser Zuman Al-Zuman, Khalid Fauzan Al-Fahad, and Zaher Abdullah Al-Hajjaj for Professional Consulting) as the company’s external auditor from among the candidates, based on the Audit Committee's recommendation. This appointment is to examine, review, and audit the financial statements for the second, third quarters, and the annual fiscal year ending 31-12-2026, as well as the first quarter of the fiscal year ending 31-12-2027. The audit fees are set at SAR 584,000, excluding Value Added Tax (VAT).

5- Non-approval of the transactions and contracts between Msandh Al-Emdad Limited Company (100% owned by Alkathiri Holding Company) and Alian Industry Company (99% owned by Alkathiri Holding Company) in which Board Member Mr. Meshal Mohamed Nasser Alkathiri has an indirect interest as a Board Member in both companies. The total value of the transactions during the fiscal year ended December 31, 2025, amounted to SAR 21,319,409. These included purchases and mutual dealings conducted in the ordinary course of business and under prevailing commercial terms without any preferential conditions.

6- Non-approval of the transactions and contracts between The Luxury Yacht Industrial Company (100% owned by Alkathiri Holding Company) and Alian Industry Company, in which Board Member Mr. Meshal Mohamed Nasser Alkathiri has an indirect interest as a Board Member in both companies. The total value of the transactions during the fiscal year ended December 31, 2025, amounted to SAR 449,891, conducted in the ordinary course of business and under prevailing commercial terms without any preferential conditions.

7 - Non-approval of the transactions and contracts between Alkathiri Holding Company and Alian Industry Company, in which Board Member Mr. Meshal Mohamed Nasser Alkathiri has an indirect interest as a Board Member in both companies. The total value of the transactions during the fiscal year ended December 31, 2025, amounted to SAR 28,368,253, which are regular business transactions carried out in accordance with the Company’s policies and without any preferential terms.

8 - Non-approval of delegating the elected Board of Directors with the powers of the Ordinary General Assembly regarding the authorization stipulated in Paragraph (1) of Article 27 of the Companies Law. This delegation would have been valid for one year from the date of the General Assembly's approval or until the end of the delegated Board’s term, whichever is earlier, in accordance with the terms set forth in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.

9- Approval of the election of the Board of Directors members from among the candidates for the upcoming term, which begins on 07-05-2026 and spans a duration of (4) four years, ending on 06-05-2030.

The elected members are:

1- Meshal Mohammed Nasser Al Kathiri

2- Abdullah Abdulrahman Abdullah Al-Sheikh

3- Khalid Abdulmohsen Abdulrahman Al-Khayal

4- Hussein Masoud Buraik Al-Dossari