Mufeed Company announces the results of the Ordinary General Assembly meeting (First Meeting)

Element List	Explanation
Introduction	Mufeed Company announces to its shareholders the results of the Ordinary General Assembly meeting (First Meeting), which was held at exactly (20:10) on Monday 14/01/1448 AH corresponding to 29/06/2026 AD at the company's headquarters located in Riyadh - Anas Bin Malik Road - Al Fares Square Building, via modern technology using the Tadawulaty services; this was after the legal quorum required for the validity of the assembly was met.
City and Location of the General Assembly's Meeting	The company's headquarters located in Riyadh - Anas Bin Malik Road - Al Fares Square Building, via modern technology using the Tadawulaty services
Date of the General Assembly's Meeting	2026-06-29 Corresponding to 1448-01-14
Time of the General Assembly’s Meeting	20:10
Percentage of Attending Shareholders	94.03%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Mr. Naif Awad Awadallah Al-Otaibi – Chairman of the Board Eng. Wafi Saeed Hussein Al Sarhan Al-Qahtani – Vice Chairman and CEO Eng. Mansour Abdulaziz Saad Al-Hawas – Board Member Mr. Abdullah Mohammed Saeed Al-Qahtani – 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	Eng. Mansour Abdulaziz Saad Al-Hawas - Chairman of the Audit Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval of the company's external auditor's report for the fiscal year ended 31 December 2025, after discussion. 2. The Board of Directors' report for the fiscal year ended 31 December 2025 was reviewed and discussed. 3. The company's financial statements for the fiscal year ended 31 December 2025 were reviewed and discussed. 4. Approval to discharge the board members of liability for the fiscal year ended 31 December 2025. 5. Approval of the appointment of Alsayed Alayouti & Partners Certified Public Accountants as the company's auditor from among the candidates, based on the recommendation of the Audit Committee; to examine, review and audit the company's interim financial statements for the first half ended 30 June 2026 and the annual financial statements ended 31 December 2026, with fees set at (280,000) two hundred and eighty thousand saudi riyal . 6. Approval to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ended 31 December 2026. 7. Approval to authorize the Board of Directors with the power of the Ordinary General Assembly for the authorization stated in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly's approval or until the end of the authorized board's term, whichever is earlier, in accordance with the conditions stated in the Implementing Regulations of the Companies Law for listed joint-stock companies. 8. Approval of the business and contracts conducted between the company and the Chairman of the Board (Mr. Naif Awad Al-Otaibi) in which he has a direct interest, consisting of (payments on behalf). These transactions began in 2023; the value of transactions during 2025 was (745,192.05) SAR (debit transactions) and the amount paid during 2025 was (20,000) SAR (credit transactions). These transactions are conducted according to prevailing commercial terms without any preferential conditions. 9. Approval of the business and contracts conducted between the company and the Vice Chairman of the Board (Eng. Wafi Saeed Al-Qahtani) in which he has a direct interest, consisting of (payments on behalf). These transactions began in 2023; the value of transactions during 2025 was (4,830,362.72) SAR (debit transactions) and the amount paid during 2025 was (2,730,835.34) SAR (credit transactions). These transactions are conducted according to prevailing commercial terms without any preferential conditions.