| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Development Works Food Co. announces the results of the Extraordinary General Assembly Meeting (third meeting), which was held at 19:00 on Monday 28-04-1447 corresponding to 20-10-2025 via modern technology, with the shares represented at the meeting, where the attendance rate reached 14.72% of the shares represented in the capital. |
| City and Location of the General Assembly's Meeting | Company headquarters - Riyadh city and through modern technology |
| Date of the General Assembly's Meeting | 2025-10-20 Corresponding to 1447-04-28 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | 14.72% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members attended the meeting: Mr. Suliman Mohammed Alghoumaiz - Chairman of the Board Mr. Thunayan Abdullah Althunayan - Vice Chairman Mr. Mohammed Abdulaziz Aleid - Board Member Mr. Abdulmageed Khalid Almisfir - Board Member Mr. Faisal Abdulrahman Alabdulkareem - Board Member Mr. Saud Abdulrahman Alabdulkareem - 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 | The meeting was attended by the following committee heads and members: Mr. Mohammed Abdulaziz Aleid - Chairman of the Audit Committee Mr. Abdulmageed Khalid Almisfir - Chairman of the Nominations and Remuneration Committee Mr. Thunayan Abdullah Althunayan - Member of the Nominations and Remuneration Committee Mr. Faisal Abdulrahman Alabdulkareem - Member of the Nominations and Remuneration Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the amendment to the Audit Committee's bylaws. 2. Approval of the amendment to the Nominations and Remuneration Committee bylaws. 3. Approval of the amendment to the remuneration policy for the Board of Directors, subsidiary committees, and senior executives. 4. Approval of the amendment to the Company's Articles of Association to align with the new Companies Law, and the reorganization and numbering of the Articles of Association to comply with the proposed amendments. 5. Approval of the transfer of the Company's statutory reserve balance, which amounted to (853,858) riyals (eight hundred and fifty-three thousand, eight hundred and fifty-eight Saudi riyals only) according to the financial statements as of June 30, 2025, to the accumulated losses account. |
