Saudi Vitrified Clay Pipe Co. Announces the Results of the Extraordinary General Assembly Meeting (Third Meeting) Including the Capital Increase

Element List	Explanation
Introduction	Saudi Vitrified Clay Pipe Company (SVCP) announces the results of the Extraordinary General Assembly Meeting (Third Meeting), which was held at 6:30 p.m. on Sunday, 12 July 2026, at the Company's headquarters in Riyadh, via modern technology. The agenda included the proposed capital increase.
City and Location of the Extraordinary General Assembly's Meeting	The Company's headquarters in Riyadh, via modern technology.
Date of the Extraordinary General Assembly's Meeting	2026-07-12 Corresponding to 1448-01-27
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	The attendance represented 14.383% of the Company's shares entitled to vote.
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Attendees: Prince Faisal bin Abdulaziz bin Faisal Al Saud – Chairman of the Board. Dr. Saad Saud Ibrahim Al-Sayari – Vice Chairman of the Board. Mr. Saleh bin Badr Al-Sanea – Board Member. Eng. Sulaiman Ali Al-Dakhil – Board Member. Dr. Ahmed Othman Abdullah Al-Qasabi – Board Member. Mr. Sulaiman Nasser Jubran Al-Hatlan – Board Member. Absent: Mr. Abdullah Sulaiman Al-Dabaan – Board Member.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf	Prince Faisal bin Abdulaziz bin Faisal Al Saud – Chairman of the Executive Committee. Mr. Suleiman Nasser Jibran Al-Hatlan – Chairman of the Audit Committee and Chairman of the Nomination and Remuneration Committee.
Voting Results on the Items of the General Assembly's Meeting Agenda's	The Extraordinary General Assembly did not approve the proposed capital increase of SAR 80,000,000 through the issuance of 8,000,000 Rights Issue Shares. Consequently, the proposed amendments to Article (7) of the Company's Articles of Association relating to the Company's capital and Article (8) relating to subscription shares were not approved. The Extraordinary General Assembly did not approve the proposed amendment to Article (20) of the Company's Articles of Association relating to the powers of the Board of Directors. The Extraordinary General Assembly did not approve the proposed amendment to Article (27) of the Company's Articles of Association relating to the additional powers of the Board of Directors. The Extraordinary General Assembly approved the appointment of Mr. Saleh bin Badr Al-Sanea as an Independent Member of the Board of Directors, effective from 4 January 2026, to complete the remainder of the current Board term ending on 17 October 2026, replacing the former Board member, Dr. Muayyad bin Issa Al-Qurtas (Non-Executive Board Member and Member of the Audit Committee).