| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Leejam Sports Company is pleased 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 | Riyadh at Leejam Head Office - remotely through modern technology |
| Date of the General Assembly's Meeting | 2026-06-18 Corresponding to 1448-01-03 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 70.03384% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting was attended by all members of the board of directors, and they are: 1. Mr. Ali Hamad Al-Sagri, Chairman of the Board 2. Mr. Hamad bin Ali Al-Sagri, Vice Chairman of the Board 3. Dr. Mohammed bin Faraj Al-Kinani 4. Mr. Ameen bin Fahad Al-Shiddi 5. Mr. Mohammed bin Hamad Al-Sagri 6. Mr. Abdulelah bin Mohammed Al-Nemr 7. Mr. Mishal bin Ibrahim Al-Mishari |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1. Mr. Ali Hamad Al-Sagri (Chairman of the Executive Committee) 2. Dr. Mohammed bin Faraj Al-Kinani (Chairman of the Audit Committee) 3. Mr. Mishal bin Ibrahim Al-Mishari (Chairman of the Nomination & Renumeration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. The Board of Directors’ Report for the fiscal year ending on 31st December 2025 was reviewed and discussed. 2. The Financial Statements for the fiscal year ending on 31st December 2025 were reviewed and discussed. 3. Approval on the Auditor’s Report on the Company’s accounts for the fiscal year ending on 31st December 2025 after discussing it. 4. Approval on releasing the Board of Directors’ members from liability for the fiscal year ending on 31st December 2025. 5. Approval on paying an amount of SAR 3,721,480 as remuneration to the Board Members for the fiscal year ending on 31st December 2025. 6. Approval on appointing Ernst & Young an auditor for the company from among the candidates based on the Audit Committee recommendation. The appointed auditor shall examine, review, and audit the second and third quarters and annual Financial Statements of the fiscal year ending on 31st December 2026, and the first quarter of the fiscal year ending on 31st December 2027, and the determination of the Auditor fees of an amount of (SAR 1,048,100 only) excluding Value Added Tax. 7. Approval of the Board’s recommendation to distribute cash dividends amounting to SAR 29,318,594 to the shareholders for the first quarter of the fiscal year ending on December 31, 2026, at SAR 0.58 per share, representing 5.8% of the nominal value of the share. The entitlement is for shareholders holding the shares by the end of the trading day on the Assembly date and who are registered in the Company's Shareholders Registry held with the Security Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. The distribution date will start on June 29, 2026. To ensure the timely deposit of dividends into investment accounts, the company would like to remind all valued shareholders to ensure that their information is updated with the custodians. For inquiries, please contact Investor Relations at: investor.relations@leejam.com.sa Phone number: +966564149752 8. Approval on delegating the Board of Directors to distribute interim dividends on a bi-annually or quarterly basis for the fiscal year ending on 31st December 2026. 9. Approval on delegating to the Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the implementation rules of Companies Law for listed Joint Stock Companies. 10. Approval on amending Article (3) of company’s Bylaws related to Objectives of the company. 11. Approval on amending Article (23) of company’s Bylaws related to Board of Directors’ Powers. 12. Approval on amending Article (25) of company’s Bylaws related to Powers of the chairman, Vice-Chairman & Managing Director. |
| Additional Information | The company would like to note that the dividend distribution date has been changed to June 29, 2026, instead of June 25, 2026, as previously announced in the Extraordinary General Assembly invitation. This change is due to comply with the timeframe required by the Securities Depository Center Company (Edaa) to process the dividend payments. The company also reminds non-resident investors that cash dividends are subject to a 5% withholding tax when transferred or credited to their bank or investment accounts, in accordance with the Income Tax Law and its Implementing Regulations. For inquiries, please contact Investor Relations at: at: investor.relations@leejam.com.sa Phone number: +966564149752 |
Leejam Sports Company Announces the Results of The Extraordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders approved a Q1 2026 cash dividend of SAR 29,318,594 (SAR 0.58 per share), with the distribution date set for June 29, 2026.
- Ernst & Young was appointed as the company auditor for the remainder of FY 2026 and Q1 2027 for a total fee of SAR 1,048,100.
- The assembly approved the board's remuneration of SAR 3,721,480 for the 2025 fiscal year and authorized the board to distribute interim dividends on a quarterly or bi-annual basis for 2026.
- Amendments were approved for company bylaws related to company objectives and the powers of the Board of Directors, Chairman, and Managing Director.
