Sahat Almajd Trading Company Announcement Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Sahat Almajd Trading Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at (18:30) on Wednesday, 03/12/1447H corresponding to 20/05/2026, at the Company’s headquarters located in Riyadh — Al-Ma’athar Al-Shamali District — Al-Takhasosi Street, via modern technology means using Tadawulati services; after the legal quorum required for the validity of the assembly’s convening was completed.
City and Location of the General Assembly's Meeting	at the Company’s head office located in Riyadh – Al-Ma’athar Al-Shamali District – Al-Takhassusi Street, and conducted through modern technology means (remotely) using Tadawulaty services.
Date of the General Assembly's Meeting	2026-05-20 Corresponding to 1447-12-03
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	72.41%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Mr. Saleh Mohammed Ibrahim Al-Humaidhi – Chairman of the Board of Directors Mr. Mohammed Saleh Mohammed Al-Humaidhi – Vice Chairman of the Board of Directors Mr. Nawaf Saleh Mohammed Al-Humaidhi – Managing Director and Chief Executive Officer Mr. Abdulaziz Abdullah Omar Bin Dhaish – Member of the Board of Directors Mr. Khaled Abdullah Shujaa Bin Humaidan – Member of the Board of Directors
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Khaled Abdullah Shujaa Bin Humaidan – Chairman of the Audit Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval of the Company’s auditor report for the fiscal year ended December 31, 2025, after discussion. 2. The Board of Directors’ report for the fiscal year ended December 31, 2025 was reviewed and discussed. 3. The Company’s financial statements for the fiscal year ended December 31, 2025 were reviewed and discussed. 4. Approval to discharge the Board of Directors’ members from liability for the fiscal year ended December 31, 2025. 5. Approval to appoint BKF Al-Bassam Certified Public Accountants & Auditors as the Company’s auditor, from among the nominated candidates based on the Audit Committee’s recommendation, to examine, review and audit the Company’s interim financial statements for the first half ended 30-06-2026 and the annual financial statements ended 31-12-2026, at fees of (275,000) Two Hundred and Seventy-Five Thousand Saudi Riyals. 6. Approval to pay (990,000) Nine Hundred and Ninety Thousand Riyals as remuneration to Board of Directors’ members for the fiscal year ended December 31, 2025. 7. Approval of the Board of Directors’ recommendation to distribute cash dividends of (5,906,250) Five Million Nine Hundred and Six Thousand Two Hundred and Fifty Riyals to shareholders for the second half of fiscal year 2025, at a rate of (15) Fifteen Halalas per share, representing (15%) of the capital. Eligibility shall be for shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the Company’s shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date. Distribution will commence by transferring dividends to the accounts linked to eligible shareholders’ portfolios as of Wednesday 10/06/2026, through the paying agent — Securities Depository Center (Edaa). Any shareholder experiencing deposit difficulties may contact the paying agent — Securities Depository Center (Edaa), or contact the Company via email: hr@sahatalmajd.com or by phone: 0114548701. 8. Approval to authorize the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ended December 31, 2026. 9. Approval to delegate to the Board of Directors the authority of the Ordinary General Assembly for the license stated in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the current Board’s term, whichever comes first, in accordance with the conditions set out in the Executive Regulations of the Companies Law for listed joint stock companies. 10. Approval of the transactions and contracts concluded between the Company and the Chairman of the Board (Mr. Saleh Mohammed Ibrahim Al-Humaidi), in which he has a direct interest, and both the Vice Chairman (Mr. Mohammed Saleh Mohammed Al-Humaidi) and the Managing Director and CEO (Mr. Nawaf Saleh Mohammed Al-Humaidi), in which they have an indirect interest, consisting of (expenses on behalf of the Company). These transactions took place during 2025 and were conducted in accordance with normal business practices without any preferential terms, with a total value of (1,523,000) Riyals during 2025. 11. Approval of the transactions and contracts concluded between the Company and the Chairman of the Board (Mr. Saleh Mohammed Ibrahim Al-Humaidi), in which he has a direct interest, and both the Vice Chairman (Mr. Mohammed Saleh Mohammed Al-Humaidi) and the Managing Director and CEO (Mr. Nawaf Saleh Mohammed Al-Humaidi), in which they have an indirect interest, consisting of (expenses on behalf of the Company). These transactions took place during 2025 and were conducted in accordance with normal business practices without any preferential terms, with a total value of (1,000,000) Riyals during 2025. 12. Approval to amend the remuneration policy for Board of Directors’ members, its sub-committees, and executive management. 13. Approval of the Board of Directors’ recommendation regarding the re-allocation of IPO proceeds amounting to (28,714,619) Twenty-Eight Million Seven Hundred and Fourteen Thousand Six Hundred and Nineteen Riyals, as mentioned in the prospectus published on 18/06/2025, to be fully utilized in accordance with the statement provided.