| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of the Saudi Real Estate Co. (“Al-Akaria” or “The Company”) is pleased to announce to the Company’s esteemed shareholders the results of the Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly's Meeting | At the Company’s headquarter - Riyadh, Via modern technology means. |
| Date of the General Assembly's Meeting | 2025-06-29 Corresponding to 1447-01-04 |
| Time of the General Assembly’s Meeting | 18:45 |
| Percentage of Attending Shareholders | 74.84% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | All board members attended the meeting, and they are: 1. Mr. Naif Saleh AlHamdan (Chairman) 2. Mr. Sahem Hani Yousef Nasser (Vice Chairman) 3. Mr. Saud Abdullatef Al Sheikh (Board Member) 4. Mr. Mohammed Musfir Al Malki (Board Member) 5. Mr. Mohammed Saud Al Essa (Board Member) 6. Mr. Omar Mohammad Najjar (Board Member) 7. Mr. Khalil Abdulqader Alnammari (Board Member) 8. Mr. Moath Naeem alnaeem (Board Member) 9. Mr. Mohammed Farhan Nader (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. Sahem Hani Yousef Nasser (Chairman of the Executive Committee) - Mr. Omar Mohammad Najjar (Chairman of the Nomination & Remuneration Committee) - Mr. Mohammed Farhan Nader (Chairman of the Audit Committee) - Mr. Mohammed Musfir Al Malki (Chairman of Governance, Risk & Compliance Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | Attached |
| Attached Documents | Attached Documents |
Saudi Real Estate Co. (“Al-Akaria”) announces the results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Saudi Real Estate Company (Al Akaria) shareholders approved the financial statements, board report, and auditor’s report for the fiscal year ended December 31, 2025.
- Approved the appointment of Mr. Al-Ayouti and partners as the external auditor for the 2026 fiscal year and Q1 2027 for fees totaling SAR 860,000.
- Authorized the disbursement of SAR 1.85 million in board remuneration for FY 2025 and confirmed the appointment of Mr. Sahem bin Hani Yousuf Nasser as a non-executive board member.
- Approved a land sale transaction with Al-Sumoud Second Real Estate valued at SAR 1.72 million for the company's share, and permitted three board members to participate in competing businesses.
Attachments
