Multi Business Group Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( First Meeting )

Element List	Explanation
Introduction	Multi Business Group Co. is pleased to announce the results of the Extraordinary General Assembly meeting (first meeting), which was held at 07:00 pm on Thursday, 10-01-1448 AH, corresponding to 25-06-2026 AD, from the company’s headquarters in Riyadh, via modern technology using the Tadawulaty system
City and Location of the Extraordinary General Assembly's Meeting	The company's main headquarters is in Riyadh, using modern technology "remotely"
Date of the Extraordinary General Assembly's Meeting	2026-06-25 Corresponding to 1448-01-10
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	80.37%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Eng. Adel Abdullah Al Basri - Chairman of the Board of Directors Mr. Ibrahim Saad Al Qahtani - Member of the Board of Directors The board members who apologized for not attending the meeting are: Mr. Khalid Ali Al Yaseen - Vice Chairman of the Board of Directors Mr. Omar Sulaiman Al Soqair - Member of the Board of Directors
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf	Mr. Ibrahim Saad Al Qahtani - Member of the Board of Directors
Voting Results on the Items of the General Assembly's Meeting Agenda's	Item one: Approval of the Board of Directors’ recommendation to increase the Company’s capital by granting bonus shares to the Company’s shareholders, as follows: a. The total amount of the capital increase is SAR 30,000,000, thirty million Saudi Riyals. b. The Company’s capital before the increase is SAR 15,000,000, fifteen million Saudi Riyals. Following the increase, the Company’s capital will become SAR 45,000,000, forty-five million Saudi Riyals, representing an increase of 200% of the capital. c. The number of shares before the increase is 15,000,000, fifteen million shares. Following the increase, the number of shares will become 45,000,000, forty-five million shares. d. The capital increase aims to strengthen the Company’s capital base to support the execution of existing and future projects, and to better align the Company’s financial structure with the requirements of its growth and expansion plans. e. The capital increase will be effected by capitalizing an amount of SAR 30,000,000, thirty million Saudi Riyals, from the share premium account, through the issuance of two bonus shares for every one share owned. f. Amending Article (7) of the Company’s Bylaws relating to capital. g. Amending Article (8) of the Company’s Bylaws relating to subscription for shares. h. The eligibility date for the bonus shares shall be for the Company’s shareholders who own shares on the day of the Extraordinary General Assembly meeting and who are registered in the Company’s shareholders register with the Securities Depository Center Company, Edaa, at the end of the second trading day following the eligibility date. i. In the event of fractional shares, such fractions will be collected in one portfolio for all shareholders, sold at market price, and the proceeds will be distributed to the shareholders entitled to the bonus shares, each according to their respective entitlement, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. Item Two: Approval of the amendment of Article (4) of the Company’s Bylaws relating to the Company’s purposes. Item Three: Approval of the Remuneration and Nomination Committee Charter. Item Four: Approval of the amendment of the Remuneration Policy for Board Members, Committees emanating from the Board, and Executive Management.