premargin

Element List	Explanation
Introduction	The Board of Directors of The National Shipping Company of Saudi Arabia (Bahri) is pleased to announce the results of the Ordinary General Assembly meeting (First Meeting), which was held at 06:30 pm on Wednesday, 25 Rajab 1447H (corresponding to 14 January 2026G), via modern technology means.
City and Location of the General Assembly's Meeting	Via modern technology means (remotely), from the Company's headquarters in Riyadh.
Date of the General Assembly's Meeting	2026-01-14 Corresponding to 1447-07-25
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	60.47%
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) Mr. Mohammed Abdulaziz Al-Sarhan (Chairman) 2) Mr. Fahad Abduljalil Al-Saif (Vice Chairman) 3) Eng. Ahmed Ali Al-Subaey (Board Member & CEO) 4) Dr. Abdulmalik Abdullah Al-Hogail 5) Mr. Raid Abdullah Ismail 6) Mr. Saleh Abdullah Al-Debasi 7) Eng. Ahmed Mohammed Al-Khunaini 8) Mr. Said Abdullatif Al-Hadrami And the following board members apologized for attending the meeting: 1) Eng. Mohammed Khalifa Al-Mulhim 2) Mr. Jesper Kjaedegaard
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’ chairmen attended the meeting: 1) Mr. Mohammed Abdulaziz Al-Sarhan (Chairman of the Executive Committee) 2) Dr. Abdulmalik Abdullah Al-Hogail (Chairman of the Audit Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's	1) Approved the election of the Board members among the candidates applied for the next term, which starts from 16 January 2026, for a period of three years, ending on 15 January 2029. And the elected board members are: 1- Mr. Said Abdullatif Al-Hadrami 2- Mrs. Sarah Jammaz Al-Suhaimi 3- Mr. Baker Abdulrahman Al-Mohanna 4- Eng. Ahmed Mohammed Al-Khunaini 5- Eng. Mohammed Khalifa Al-MulhIm 6- Eng. Ahmed Ali Al-Subaey 7- Eng. Abdullah Mohammed Al-Zamil 8- Mr. Saleh Abdullah Al-Debasi 9- Eng. Yasser Suliman Al-Dawood 10- Eng. Wan Chee Foong 2) Approved delegating the General Assembly’s authorization powers stipulated in Paragraph (1) of Article (27) of the Companies Law to the Board of Directors, for one year starting from the General Assembly approval date or until the end of the term of the delegated Board of Directors, whichever is earlier, pursuant to the conditions stipulated by the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. 3) Approved granting an exceptional compensation to the Chairman of Board Mr. Mohammed A. Al-Sarhan amounting to SAR 5.4 million, in recognition of his valuable efforts and contributions in leading the Company’s Management as a member and Chairman of Bahri’s Board throughout the previous six terms, during which he contributed to the successful completion of many important milestones in the Company’s recent journey, such as concluding the acquisition of Vela, a subsidiary of Aramco, in 2014, in addition to advancing the fleet modernization and expansion program, as well as signing the joint agreements with the major Saudi companies as part of Bahri’s long term growth strategy.
Additional Information	Bahri’s Management would like to express its sincere thanks and appreciation to the members of the Board of Directors in their previous term for their dedicated efforts and valuable contributions in supporting and invigorating Bahri’s business, and advancing its strategic direction, and achieving number of initiatives and goals that further solidified Bahri as the national shipping and logistics champion.

The National Shipping Company of Saudi Arabia (Bahri) Announces the Results of the Ordinary General Assembly Meeting (First meeting)