National Building and Marketing Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Shareholders approved the Board’s recommendation not to distribute dividends for the fiscal year ending December 31, 2025, and discharged Board members from liability for the same period.
Baker Tilly was appointed as the external auditor for the second, third, and annual quarters of 2026 and the first quarter of 2027, with fees totaling SAR 1,205,000.
The assembly authorized the company to act as a guarantor for its subsidiary, Ajij Steel and Derivatives Manufacturing Company, for bank financing up to a maximum limit of SAR 300 million.
Multiple related-party contracts and transactions conducted during 2025 were ratified, and Eng. Moayad Ibrahim Almazrou was confirmed as an independent board member to serve until March 2028.

Element List	Explanation
Introduction	The Board of Directors of National Building and Marketing Co. is pleased to announce the results of the General Assembly meeting (first meeting), which was held At the company’s main headquarters in Riyadh via online meetings and the Tadawulati system, at 7:30 pm on Tuesday 01/01/1448 AH, corresponding to 16/12/2026 AD via online meetings. This is after the quorum required for the validity of the assembly’s meeting has been achieved, as the percentage of attendees in person and by proxy via remote electronic voting reached (%70.02) of the company’s capital.
City and Location of the General Assembly's Meeting	The company's headquarters is located in Riyadh - via modern technology (remotely)
Date of the General Assembly's Meeting	2026-06-16 Corresponding to 1448-01-01
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	70.02
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Members of the Board of Directors attended the meeting: 1. Eng. Mohammed Iqbal Radwan Daboul - Acting Chairman 2. Mr. Abdullah Mutlaq Al-Shayaei - Board Member 3. Mr. Mishal Abdulrahman Alokla – Board Member 4. Eng. Moayad Ibrahim Almazrou- Board Member 5. Mr. Saleh Abdulrahman Al-Mahasen – 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 following committees’ chairs attended the meeting: * .Mr. Saleh Abdulrahman Al-Mahasen- Chairman of the audit Committee * Mr. Abdullah Mutlaq Al-Shayaei - Chairman of the Nominations and Remuneration Committee.
Voting Results on the Items of the General Assembly's Meeting Agenda's	1-Reviewed and discussed the Board of Directors' report for the fiscal year ending on 31 December 2025. 2-Approved the external Auditors' report for the fiscal year ending on 31 December 2025, after discussing it. 3-Reviewed and discussed the financial statements for the fiscal year ending on 31 December 2025. 4-Approval of the appointment of Baker Tilly as an auditor for the company from among the candidates based on the recommendation of the Audit Committee to review and audit the financial statements for the second, third, and annual quarters of the fiscal year 2026, and the first quarter of the fiscal year 2027, and their fees is set at SAR 1,205,000 excluding value – added tax. 5-Approval to pay an amount of SAR 125,000 as remuneration to the Board members for the fiscal year ending on 31 December 2025. 6-Approval to absolve the members of the Board of Directors from their liabilities for the fiscal year ending on 31 December 2025. 7-Approval of the Board of Directors' recommendation not to distribute dividends for the year ending on December 31, 2025 8-Approval of the works and contracts that took place during 2025 between the Company and Athraa Holding Company, in which Eng. / Mohamed Iqbal Dabboul – Independent Board Member has a direct interest. The transactions consist of expenses paid on behalf amounting to SAR (2,647,415), financing amounting to SAR 48,921,682, and payments made on behalf amounting to SAR (274,304). This contract was concluded without preferential terms or conditions. 9-Approval of the works and contracts that took place during 2025 between the Company and Al-Fayziah Real Estate Development Company, in which Eng. Mohamed Iqbal Dabboul – Independent Board Member has a direct interest. The transactions consist of revenues amounting to SAR 9,522,713, financing amounting to SAR (35,686,331), and payments made on behalf amounting to SAR 15,526,374. This contract was concluded without preferential terms or conditions. 10-Approval of the works and contracts that took place during 2025 between the Company and the German Saudi Industrial Company, in which Eng. Mohamed Iqbal Dabboul – Independent Board Member has a direct interest. The transactions consist of financing amounting to SAR 17,837,603, payments made on behalf amounting to SAR(17,166,223), revenues amounting to SAR 2,299,105, dividend distributions amounting to SAR (9,806,400), and capital increase amounting to SAR (9,080,000). This contract was concluded without preferential terms or conditions. 11-Approval of the works and contracts that took place during 2025 between the Company and Adhwaa Al-Hidaya National Schools for Boys and Girls, in which Eng. / Mohamed Iqbal Dabboul – Independent Board Member has a direct interest. The transactions consist of revenues amounting to SAR 39,335,803 and payments made on behalf of SAR (170,000). This contract was concluded without preferential terms or conditions. 12-Approval for the National Building and Marketing Company to act as a guarantor for its subsidiary, Ajij Steel and Derivatives Manufacturing Company, with a maximum limit of SAR 300 million with local banks and financing companies, provided that the guarantee period does not exceed the end date of the current board term. 13-Approval of the Board of Directors' resolution to appoint Eng. Moayad Ibrahim Almazrou as an independent member of the Board of Directors, effective from his appointment date on May 18, 2026, to continue the current term until March 6, 2028, replacing the former member, Mr. Rayyan bin Hamad Alkhowaiter, as a non-executive member. 14-Approval to delegate the authority of the Ordinary General Assembly to the Board of Directors with powers referred to in Paragraph (1) of Article (27) of the Companies Law, for one year from the date of Ordinary General Assembly’s approval to the delegation or until the end of the current term of the Board of Directors, whichever is earlier in accordance with the requirements stipulated in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.