Dar Albalad for Business Solutions Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

Dar Albalad for Business Solutions Co. shareholders approved all agenda items at the Extraordinary General Assembly meeting held on July 26, 2026, including amendments to bylaws regarding the company's name, management, and share trading.
Authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the financial year ending December 31, 2026.
Appointed Talal Abu Ghazalah & Co as the external auditor for the second, third, and annual quarters of 2026 and the first quarter of 2027, with total fees set at SAR 450,000.
Approved granting the Board of Directors the powers of the General Assembly as stipulated in Article (27) of the Companies Law for one year or until the end of the current board session.

Element List	Explanation
Introduction	Dar AlBalad for Business Solutions is delighted to announce to its esteemed shareholders the results of the Extraordinary General Assembly meeting (First meeting).
City and Location of the General Assembly's Meeting	Dar Albalad for Business Solutions Headquarter, Riyadh - via modern technology means (Remotely)
Date of the General Assembly's Meeting	2026-07-26 Corresponding to 1448-02-12
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	72.13
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 Extraordinary General Assembly Meeting: Dr. Abdullah Soliman Al Juraish (Chairman of the Board) Eng. Awaad Awad Al Otaibi (Deputy Chairman of the Board) Eng. Abdullah Abdulaziz Al Zeinadi (Board member) Eng. Abdullah Ibrahim Bin Salamah (Board member) Eng. Abdulaziz Ibrahim Bin Salamah (Managing Director)
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 Chairmen of the Committees attended the Meeting: Mr. Abdullah Fahad Al Towaim (Chairman of the Audit Committee) Eng. Awaad Awad Al Otaibi (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval of the amendment to Article (2) of the Company's Bylaws relating to the Company's name. 2. Approval of the amendment to Article (8) of the Company's Bylaws relating to the Company's management. 3. Approval of adding an article to the Company's Bylaws relating to share trading. 4. Approval of adding an article to the Company's Bylaws relating to the disclosure of interest in business and contracts. 5. Approval of adding an article to the Company's Bylaws relating to the distribution of interim dividends. 6. Approval of authorizing the Board of Directors with the General Assembly authority with the rights mentioned in paragraph (1) of Article (27) of the Companies Law for one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. 7. Approval of authorizing the Board of Directors with the General Assembly authority with the rights mentioned in paragraph (2) of Article (27) of the Companies Law for one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the provisions of the Companies Law and its Implementing Regulation for Listed Joint Stock Companies and according to the Conflict of interest policy. .8. Approve authorizing the Board of Directors to distribute interim dividends on a semi-annual/quarterly basis for the financial year ending on 31/12/2026. .9 Approval of appointing Talal Abu Ghazalah Co as the Company's external auditor from the candidates based on the Audit Committee's recommendation, to examine, review, and audit the financial statements for the (second, third) and annual quarters of the financial year ending on 31/12/2026, and the first quarter of the financial year ending on 31/12/2027, and determining their fees at an amount of450 Thousand Saudi Riyals. (Four Hundred and fifty thousand Saudi Riyal)
Additional Information	No
Attached Documents	Attached Documents