Al-Shuhaili Metal Industries Company announces the results of the Extraordinary General Assembly Meeting (First Meeting)

1-Ms. Hala bint Fahd Al-Shuhaili (Chairperson of the Board)

2- Mr. Mohammed bin Fahd Al-Shuhaili (Vice Chairman of the Board and Chief Executive Officer)

3- Mr. Abdullah Mohammed Al-Abdulatif (Board Member)

4- Mr. Ahmed Abdulaziz Al-Yahya (Board Member)

The following member of the Board of Directors was absent from the meeting:

1- Mr. Hamad Turki Al-Sufyan (Board Member)

1- Mr. Ahmed Abdulaziz Al-Yahya (Chairman of the Audit Committee)

2. Approval to delete Article (Nine) of the Company’s Articles of Association, relating to (Sale of Unpaid Shares).

3. Approval to delete Article (Thirteen) of the Company’s Articles of Association, relating to (Register of Shareholders).

4. Approval to amend Article (Fourteen) of the Company’s Articles of Association, relating to (Management of the Company).

5. Approval to amend Article (Nineteen) of the Company’s Articles of Association, relating to (Powers of the Chairman, Vice Chairman, Managing Director, and Secretary).

6. Approval to delete Article (Twenty-Two) of the Company’s Articles of Association, relating to (Supplementary to Article Fourteen).

7. Approval to delete Article (Twenty-Five) of the Company’s Articles of Association, relating to (Supplementary to Article Nineteen).

8. Approval to amend Article (Twenty-Eight) of the Company’s Articles of Association, relating to (Quorum for the Ordinary General Assembly Meeting).

9. Approval to delete Article (Thirty-Four) of the Company’s Articles of Association, relating to (Issuance of General Assembly Resolutions by Circulation).

10. Approval to delete Article (Forty-Three) of the Company’s Articles of Association, relating to (Distribution of Profits).

11. Approval to add a new article to the Company’s Articles of Association numbered (Thirty-Seven), relating to (Interim Dividend Distribution).

12. Approval of the Board of Directors’ resolution to appoint (Hamad bin Turki Al-Sufyan) as a Board Member (Independent Member), effective from 05-11-2025, to complete the current Board term ending on 25-12-2027, replacing the former Board Member (Abdullah bin Mohammed Al-Munaif (may he rest in peace)), Independent Member.

13. Approval to authorize the Board of Directors to distribute interim dividends on a semi-annual/quarterly basis for the financial year ending on 31-12-2026, subject to the approval of item (11) relating to the addition of the “Interim Dividend Distribution” article to the Company’s Articles of Association.

14. Approval of the Board of Directors’ recommendation to distribute cash dividends in the amount of SAR (5,000,000) to shareholders for the financial period ending on 31-12-2024, at (SAR 2 per share), with entitlement to shareholders who own shares at the end of the trading day of the General Assembly meeting and who are registered in the Company’s shareholders’ register with the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date. Dividend distribution shall be completed within a period not exceeding fifteen (15) days from the entitlement date.

15. Approval of the Board of Directors’ recommendation to re-determine the uses of the total offering proceeds amounting to SAR (40,000,000) forty million Saudi Riyals, as disclosed in the prospectus published on 28/01/2025, to be utilized in accordance with the details set out in the attached statement.

It is noted that the offering proceeds will not be used for purposes other than the expansion plan set out in the attached Offering Proceeds Utilization Report. The timelines for the use of the proceeds will be updated and complied with, and any material developments in this regard will be announced accordingly.