| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Edarat Communication and Information Technology Co. (EDARAT) announces to its honourable shareholders the results of the Ordinary General Assembly Meeting (First Meeting), held via modern technology means. |
| City and Location of the General Assembly's Meeting | The Company's principal place of business in the city of Riyadh, held via modern technology means (remotely). |
| Date of the General Assembly's Meeting | 2026-07-12 Corresponding to 1448-01-27 |
| Time of the General Assembly’s Meeting | 19:00 |
| Percentage of Attending Shareholders | %59.00 |
| 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: 1. Dr. Abdullah bin Ghazi Al-Ghamdi (Chairman of the Board of Directors). 2. Eng. Adel Fouad Rizk (Vice Chairman of the Board of Directors). 3. Erick Ernist AlBaduy (Board Member and Chief Executive Officer). 4. Mohammed bin Abdullah Al-Sabiq (Board Member). 5. Fahad bin Mohammed Al-Muammar (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 | Audit Committee Chairman: Fahad bin Ahmed Al-Humaidi |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of the works and contracts concluded during the financial year ending 31/12/2025 between the Company and Al Moammar Information Systems Company (MIS), in which Board member Dr. Abdullah bin Ghazi Al-Ghamdi, Chairman of the Board, has an indirect interest, representing services provided amounting to SAR (77,551,462). 2. Approval of the works and contracts concluded during the financial year ending 31/12/2025 between the Company and Al Moammar Information Systems Company (MIS), in which Board member Dr. Abdullah bin Ghazi Al-Ghamdi, Chairman of the Board, has an indirect interest, representing services purchased amounting to SAR (6,088,868). 3. Approval of the works and contracts concluded during the financial year ending 31/12/2025 between the Company and Medical Excellence Systems Company, in which Board member Dr. Abdullah bin Ghazi Al-Ghamdi, Chairman of the Board, has an indirect interest, representing services provided amounting to SAR (1,460,456). 4. Approval of the works and contracts concluded during the financial year ending 31/12/2025 between the Company and Edarat Lebanon, in which Board member Dr. Abdullah bin Ghazi Al-Ghamdi, Chairman of the Board, has an indirect interest, Engineer Adel Fouad Rizk, Vice Chairman of the Board, has a direct interest, and Mr. Erick Ernist AlBaduy, Board member, has a direct interest, representing services purchased amounting to SAR (702,000). 5. Approval of delegating the Board of Directors with the powers of the Ordinary General Assembly as stipulated 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 term of the delegated Board of Directors, whichever is earlier, in accordance with the conditions set forth in the Implementing Regulations of the Companies Law for listed joint-stock companies. |
| Additional Information | For inquiries, please contact the Investor Relations Department during official working hours at: Phone: +966581822902 Email: IR@edaratgroup.com |
Edarat Communication and Information Technology Co. (EDARAT) announces the results of the Ordinary General Assembly Meeting (First Meeting).
AI Summary
- Edarat Communication and Information Technology Co. shareholders approved several related party contracts for the 2025 financial year during the Ordinary General Assembly meeting held on July 12, 2026.
- Key approved transactions include services provided to Al Moammar Information Systems (MIS) totaling SAR 77,551,462 and services purchased from MIS amounting to SAR 6,088,868.
- Shareholders authorized additional 2025 contracts with Medical Excellence Systems (SAR 1,460,456 for services provided) and Edarat Lebanon (SAR 702,000 for services purchased).
- The assembly approved delegating the Board of Directors with the powers of the Ordinary General Assembly for one year, in accordance with the Companies Law.
