Shmoh Almadi Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Shmoh Almadi Co. shareholders approved the 2025 financial statements, board report, and auditor’s report during the Ordinary General Assembly held on June 11, 2026, with a 91.91% attendance rate.
The assembly authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026.
Maham Professional Consulting Company was appointed as the external auditor for the 2026 fiscal year and the first half of 2027 for a total fee of SAR 295,000.
Several related party transactions involving Chairman Thani Abdulaziz Al Ahmad were approved, including product sales to Al Mathaq Al Mutakamel Establishment totaling SAR 14.89 million during 2025.

Element List	Explanation
Introduction	Shmoh Almadi Co. announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:00 p.m. on Thursday, 25/12/1447H, corresponding to June 11, 2026, at the Company's head office located in Riyadh, Al Aziziyah District, Al Shabab Street, through modern technology means using Tadawulaty services. The meeting was duly convened after the required legal quorum for the validity of the General Assembly Meeting was achieved.
City and Location of the General Assembly's Meeting	company's headquarters is located in Riyadh - Al-Aziziyah District, Al-Shabab Street - using modern technology (remotely) - using Tadawulati services
Date of the General Assembly's Meeting	2026-06-11 Corresponding to 1447-12-25
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	91,91%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	1. Mr. Thani Abdulaziz Abdulrahman Al-Ahmad - Chairman of the Board of Directors 2. Mr. Fahad Mohammed Abdullah Al-Khudairi - Vice Chairman of the Board of Directors 3. Dr. Walid Mohammed Hamad Al-Bassam - Board Member 4. Mr. Idris Mohammed Idris Abu Kalam - Board Member 5. Eng. Abdulrahman Ahmed Abdulrahman Al-Qadi - Board Member 6. Mr. Yazeed Abdullah Ali Al-Hamad - Chief Executive Officer
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1. Dr. Adel Abdulkarim Mohammed Al-Momen - 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 December 31, 2025, after discussing it. 2. Reviewing and discussing the Board of Directors’ Report for the fiscal year ended December 31, 2025. 3. Reviewing and discussing the Company’s financial statements for the fiscal year ended December 31, 2025. 4. Approval of the discharge of the members of the Board of Directors from liability for the fiscal year ended December 31, 2025. 5. Approval of the appointment of Maham Professional Consulting Company as the Company’s external auditor from among the candidates nominated based on the recommendation of the Audit Committee, to examine, review, and audit the annual financial statements for the fiscal year ending December 31, 2026, and the interim financial statements for the first half ending June 30, 2027, for fees amounting to SAR 295,000. 6. Approval of 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. 7. Approval of delegating to the Board of Directors the authority of the Ordinary General Assembly regarding the authorization set forth in Paragraph (1) of Article Twenty-Seven 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 occurs earlier, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. 8. Approval of the businesses and contracts concluded between the Company and Al Mathaq Al Mutakamel Establishment, in which the Chairman of the Board, Mr. Thani Abdulaziz Al Ahmad, has an indirect interest. These transactions relate to the sale of the Company’s products and commenced in 2025. The value of the transactions during 2025 amounted to SAR 14,894,054 (debit transactions), while the amount settled during 2025 amounted to SAR 13,304,657. The closing balance as of 2025 amounted to SAR 4,899,255. These transactions were conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions. 9. Approval of the businesses and contracts concluded between the Company and Hulool Al Adaa Company, in which the Chairman of the Board, Mr. Thani Abdulaziz Al Ahmad, has an indirect interest. These transactions relate to purchases of machinery and spare parts and commenced in 2025. The value of the transactions during 2025 amounted to SAR 426,145 (debit transactions) and SAR 253,590 (credit transactions). The closing balance as of 2025 amounted to SAR 1,500,622. These transactions were conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions. 10. Approval of the businesses and contracts concluded between the Company and the Chairman of the Board, Mr. Thani Abdulaziz Al Ahmad, in which he has a direct interest. These transactions relate to withdrawals and the purchase of a used vehicle and commenced in 2025. The value of the transactions during 2025 amounted to SAR 15,000 (debit transactions), and the closing balance as of 2025 amounted to SAR 15,000. These transactions were conducted in accordance with prevailing commercial terms without any preferential conditions. 11. Approval of the businesses and contracts concluded between the Company and Masader Al Ebtekar Company, in which the Chairman of the Board, Mr. Thani Abdulaziz Al Ahmad, has an indirect interest. These transactions relate to purchases of packaging materials and commenced in 2025. The value of the transactions during 2025 amounted to SAR 537,837 (debit transactions) and SAR 203,252 (credit transactions). The closing balance as of 2025 amounted to SAR 158,539. These transactions were conducted in the ordinary course of business and in accordance with prevailing commercial terms without any preferential conditions.