Al Rashid Industrial Co. calls its shareholders to attend the Extraordinary General Assembly meeting which include the Increase of the company’s capital ( First Meeting )

Al Rashid Industrial Co. invited shareholders to an Extraordinary General Assembly Meeting on June 17, 2026, to vote on a 50% capital increase from SAR 80 million to SAR 120 million.
The capital increase will be executed by capitalizing SAR 40 million from retained earnings through the issuance of one bonus share for every two shares held.
The agenda includes electing five board members for a new three-year term starting July 2, 2026, and authorizing the board to distribute interim dividends for the 2026 fiscal year.
Shareholders will also vote on FY2025 board remuneration of SAR 1.15 million and related party transactions with Al Rashid Foundation for Cans and Plastic Products totaling SAR 10.47 million.

Element List	Explanation
Introduction	The Board of Directors of Al Rashid Industrial Co. is pleased to invite its valued shareholders to participate and vote in the Extraordinary General Assembly Meeting (First Meeting), which is scheduled to be held, by the will of Allah, at 6:30 PM on Wednesday, 2 Muharram 1448H corresponding to June 17, 2026G, through physical attendance and via modern technology means.
City and Location of the Extraordinary General Assembly's Meeting	the Company’s Head Office in Riyadh / Via modern technology means
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-06-17 Corresponding to 1448-01-02
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Attendance in-person and via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	The quorum required for convening the Extraordinary General Assembly Meeting shall be the attendance of shareholders representing at least one-half of the Company’s shares with voting rights. If the required quorum is not met at the first meeting, a second meeting shall be held one hour after the end of the period specified for holding the first meeting. The second meeting shall be deemed valid if attended by shareholders representing at least one-quarter of the Company’s shares with voting rights.
Meeting Agenda	1) Review and discuss the Board of Directors’ report for the fiscal year ended December 31, 2025G 2) Review and discuss the Company’s financial statements for the fiscal year ended December 31, 2025G 3) Vote on the External Auditor’s report for the fiscal year ended December 31, 2025G after discussing it 4) Vote on appointing the Company’s External Auditor from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the semi-annual and annual financial statements for the fiscal year 2026G, and determine the auditor’s fees 5) Vote on the businesses and contracts concluded between the Company and Al Rashid Foundation for Cans and Plastic Products, in which the Managing Director and Board Member, Mr. Mohammed Abdulaziz Mohammed Al Rashid Al Humaid, has a direct interest, and the Chairman of the Board, Mr. Fahad Abdulaziz Al Rashid Al Humaid, has an indirect interest. These transactions were conducted during the fiscal year ended December 31, 2025G, with a total value of SAR 10,467,819, representing sales of products to Al Rashid Foundation for Cans and Plastic Products (a sole proprietorship), headquartered in the United Arab Emirates – Sharjah, under the ordinary course of business and without any preferential terms 6) Vote on disbursing an amount of SAR 1,149,726 as remuneration to the members of the Board of Directors for the fiscal year ended December 31, 2025G. 7) Vote on discharging the members of the Board of Directors from liability for the fiscal year ended December 31, 2025G 8) Vote on the Board of Directors’ recommendation to increase the Company’s capital through the issuance of bonus shares o as follows: - The capital before the increase is SAR 80,000,000 (Eighty Million Saudi Riyals). - The capital after the increase will become SAR 120,000,000 (One Hundred Twenty Million Saudi Riyals). - The number of shares before the increase is 8,000,000 (Eight Million) shares. - The number of shares after the increase will become 12,000,000 (Twelve Million) shares. - The percentage of the capital increase is 50%. - The increase aims to support the Company’s growth, business expansion, and strengthen its financial position. o The increase will be effected through the capitalization of an amount of SAR 40,000,000 (Forty Million Saudi Riyals) from retained earnings, by granting one (1) bonus share for every two (2) shares held by shareholders. o In the event of approval of the capital increase, eligibility for the bonus shares shall be for shareholders owning shares on the date of the Extraordinary General Assembly Meeting and registered in the Company’s shareholders register maintained by the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. o In the event of fractional shares, such fractions shall be aggregated into one portfolio for all shareholders and sold at market price, with the proceeds distributed proportionately among eligible shareholders according to each shareholder’s entitlement within a period not exceeding 30 days from the date of determining the shares due to each shareholder. • Vote on the amendment of Article No. (7) of the Company’s Articles of Association relating to the Company’s capital (attached). • Vote on the amendment of Article No. (8) of the Company’s Articles of Association relating to subscription to shares (attached). 9) Vote on the election of five (5) members to the Board of Directors from among the nominees for the upcoming Board term of three (3) years, commencing on July 2, 2026G and ending on July 1, 2029G (the nominees’ CVs are attached) 10) Vote on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026G, provided that this authorization shall be effective for both the current Board and the newly elected Board for its new term. 11) Vote on amendments to the Corporate Governance Regulations. 12) Vote on amendments to the Nomination and Remuneration Committee Charter 13) Vote on amendments to the Audit Committee Charter 14) Vote on approving the Board of Directors Charter. 15) Vote on approving the Policy and Criteria for Board Membership. 16) Vote on approving the General Policy for the Remuneration of the Board of Directors and its Committees
Proxy Form	Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Shareholders have the right to discuss the items listed on the meeting agenda and raise questions. Valued shareholders may also vote remotely on the agenda items through the electronic voting service by visiting Tadawulaty’s website at: [www.tadawulaty.com.sa]
Details of the electronic voting on the Assembly’s agenda	Shareholders registered in Tadawulaty services will be able to vote remotely and electronically on the items of the Extraordinary General Assembly Meeting starting from 1:00 AM on Saturday, 27/12/1447H corresponding to 13/06/2026G, until the end of the meeting time. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link:: [www.tadawulaty.com.sa]
Method of Communication in Case of Any Enquiries	Contact Information: Telephone No.: 920028852 Ext. (146) Email:shareholders@lastmade.com
Additional Information	NA
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