Thob Al Aseel Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	The Board of Directors of Thob Al Aseel Company is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 8:30 PM on Thursday, 25/12/1447H, corresponding to 11/06/2026G, via modern technology means. This follows the completion of the statutory quorum required for the validity of the Ordinary General Assembly Meeting (First Meeting).
City and Location of the General Assembly's Meeting	Via modern technology means from the Company’s headquarters in Riyadh.
Date of the General Assembly's Meeting	2026-06-11 Corresponding to 1447-12-25
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	59.281%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board members attended: Mr. Faisal Abdullah Aljedaie - Chairman of the Board Mr. Abdulrahman Abdullah Aljedaie - Vice Chairman of the Board Mr. Abdullah Mohammed Aljedaie - Board Member Mr. Ajlan Abdulrahman Al-Ajlan - Board Member The following member was unable to attend: Eng. Ibrahim Abdulaziz Al-Muhanna - 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	Mr. Ibrahim Abdullah Al-Sultan, Chairman of the Audit Committee, attended. Mr. Saad Ibrahim Al-Mashouh, Chairman of the Nomination and Remuneration Committee, attended.
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. The Board of Directors’ Report for the financial year ended 31/12/2025G was reviewed and discussed. 2. Approval of the Company Auditor’s Report for the financial year ended 31/12/2025G after discussion. 3. The financial statements for the financial year ended 31/12/2025G were reviewed and discussed. 4. Approval of discharging the members of the Board of Directors from liability for the financial year ended 31/12/2025G. 5. Approval of the appointment of the Company’s auditor, Ernst & Young Professional Services (EY), from among the nominees based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second quarter, third quarter and annual financial statements of the financial year 2026G and the first quarter of the financial year 2027G, and determination of its fees in the amount of SAR 850,000 (eight hundred fifty thousand Saudi riyals), excluding value-added tax. 6. Approval of authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the financial year 2026G. 7. Approval of the businesses and contracts concluded between the Company and Tarfa Endowment Foundation, in which Mr. Faisal bin Abdullah Aljedaie (Chairman of the Board) has an indirect interest in his capacity as the endowment supervisor, and in which Mr. Abdullah bin Mohammed Aljedaie has an indirect interest as his father is the endowment supervisor. These consist of a lease contract for the Jeddah Governorate showroom with an annual rental value of SAR 400,000, without additional terms or benefits. 8. Approval of the businesses and contracts concluded between the Company and Tarfa Endowment Foundation, in which Mr. Faisal bin Abdullah Aljedaie (Chairman of the Board) has an indirect interest in his capacity as the endowment supervisor, and in which Mr. Abdullah bin Mohammed Aljedaie has an indirect interest as his father is the endowment supervisor. These consist of a lease contract for the Buraidah warehouse with an annual rental value of SAR 220,000, without additional terms or benefits. 9. Approval of the businesses and contracts concluded between the Company and Tarfa Endowment Foundation, in which Mr. Faisal bin Abdullah Aljedaie (Chairman of the Board) has an indirect interest in his capacity as the endowment supervisor, and in which Mr. Abdullah bin Mohammed Aljedaie has an indirect interest as his father is the endowment supervisor. These consist of a lease contract for the Buraidah warehouse with an annual rental value of SAR 80,000, without additional terms or benefits. 10. Approval of the businesses and contracts concluded between the Company and the heirs of Abdullah bin Ibrahim Aljedaie, may he rest in peace, in which Mr. Faisal bin Abdullah Aljedaie (Chairman of the Board) has a direct interest, Mr. Abdulrahman bin Abdullah Aljedaie (Board Member) has a direct interest, and Mr. Abdullah bin Mohammed Aljedaie has an indirect interest. These consist of a lease contract for a warehouse in Riyadh (Khanshalilah District) with an annual rental value of SAR 602,210, without additional terms or benefits. 11. Approval of the businesses and contracts concluded between Aljedaie Fabrics Company (a subsidiary of Thob Al Aseel Company), in which Mr. Abdullah bin Mohammed Aljedaie has an indirect interest. These consist of a lease contract for a retail showroom in Madinah with an annual rental value of SAR 150,000, without additional terms or benefits. 12. Approval of the businesses and contracts concluded between Aljedaie Fabrics Company (a subsidiary of Thob Al Aseel Company), in which Mr. Abdullah bin Mohammed Aljedaie has an indirect interest. These consist of a lease contract for a wholesale showroom in Madinah with an annual rental value of SAR 150,000, without additional terms or benefits. 13. Approval of the businesses and contracts concluded between Aseelah Trade Company (a subsidiary of Thob Al Aseel Company), in which Mr. Faisal bin Abdullah Aljedaie has a direct interest. These consist of leasing the Nocturne showroom at Aljedaie Mall in Al-Qassim, with an annual rental value of SAR 168,000, without additional terms or benefits. 14. Approval of the businesses and contracts concluded between Jadat Al Hareer Company (an associate company of Thob Al Aseel Company), in which Mr. Faisal bin Abdullah Aljedaie has a direct interest. These consist of leasing the Epicool showroom at Aljedaie Mall in Al-Qassim, with an annual rental value of SAR 253,000, without additional terms or benefits. 15. Approval of disbursing an amount of SAR 1,500,000 (one million five hundred thousand Saudi riyals) as remuneration to the members of the Board of Directors for the financial year ended 31/12/2025G. 16. Approval of the Board of Directors’ resolution appointing Mr. Ajlan Abdulrahman Al-Ajlan as an Independent Board Member, effective from the date of his appointment on 01/01/2026G, to complete the Board’s term until the end date of the current term on 03/09/2027G, succeeding the former member Dr. Raed bin Abdullah Al-Huqail.