Waja Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting)

Waja Company will hold an Ordinary General Assembly Meeting on June 23, 2026, via modern technology to review FY 2025 financial statements and appoint external auditors for the 2026 fiscal year and Q1 2027.
Shareholders will vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026.
The agenda includes approving related party transactions with Chairman Ibrahim Abdullah Abdul Salam, involving financing arrangements valued at SAR 8,890,000 in debit and SAR 29,424,000 in credit transactions during 2025.
Shareholders will also vote on allowing the Chairman to participate in activities that compete with the company’s business and discharging Board members from liability for the 2025 fiscal year.

Element List	Explanation
Introduction	The Board of Directors of Waja Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting), which is scheduled to be held via modern technology means, God willing, at 7:45 PM on Tuesday, 08/01/1448 AH, corresponding to 23/06/2026 AD
City and Location of the General Assembly's Meeting	At the company's main headquarters in Riyadh, located on King Fahd Road - Al Anoud Tower 2 - using modern technology.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-06-23 Corresponding to 1448-01-08
Time of the General Assembly’s Meeting	19:45
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	In accordance with Article (28) of the Company’s Articles of Association, the Ordinary General Assembly meeting shall only be valid if attended by shareholders representing at least half of the company’s voting shares. If the required quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the period specified for convening the first meeting. In all cases, the second meeting shall be deemed valid regardless of the number of voting shares represented therein.
General Assembly Meeting Agenda	Voting on the Company’s external auditor’s report for the fiscal year ended December 31, 2025, after discussing it. Reviewing and discussing the Board of Directors’ report for the fiscal year ended December 31, 2025. Reviewing and discussing the Company’s financial statements for the fiscal year ended December 31, 2025. Voting on discharging the members of the Board of Directors from liability for the fiscal year ended December 31, 2025. Voting on the appointment of an external auditor for the Company from among the candidates nominated based on the recommendation of the Audit Committee, to examine, review, and audit the interim financial statements for the second and third quarters of fiscal year 2026, the annual financial statements for the year ending December 31, 2026, and the interim financial statements for the first quarter of fiscal year 2027, and to determine the auditor’s fees. Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026. Voting on delegating to the Board of Directors the authority of the Ordinary General Assembly regarding 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 delegated Board term, whichever comes first, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for listed joint stock companies. Voting on the business transactions and contracts conducted between the Company and Water Treatment Works Company, in which the Chairman of the Board, Mr. Ibrahim Abdullah Abdul Salam, has an indirect interest. These transactions consist of financing arrangements that began in 2022. The value of the transactions during 2025 amounted to SAR 501,000 (credit transactions). These transactions were conducted according to prevailing commercial terms and without any preferential conditions. (Attached) Voting on the business transactions and contracts conducted between the Company and the Chairman of the Board, Mr. Ibrahim Abdullah Abdul Salam, in which he has a direct interest. These transactions consist of shareholder financing arrangements that began in 2023. The value of the transactions during 2025 amounted to SAR 8,890,000 (debit transactions) and SAR 29,424,000 (credit transactions). These transactions were conducted according to prevailing commercial terms and without any preferential conditions. (Attached) Voting on the participation of the Chairman of the Board, Mr. Ibrahim Abdullah Abdul Salam, in activities competing with the Company’s business. (Attached)
Proxy Form	Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Honorable shareholders have the right to discuss the topics included in the agenda of the Ordinary General Assembly and to ask questions. Voting in the Tadawulaty services is available free of charge to all shareholders using the following link: http://www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda	Shareholders registered in the Tadawulaty services may vote electronically and remotely on the agenda items of the General Assembly starting from 1:00 a.m. on Friday, 04/01/1448 AH, corresponding to 19/06/2026 AD, until the end of the General Assembly meeting. Registration and voting through Tadawulaty Services will be available free of charge to all shareholders using the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries	We are pleased to receive your inquiries by contacting Shareholder Relations via the following means of communication: Phone: 0112217777 Email: s.alenazi@waja.com.sa
Attached Documents	Attached Documents