Foods Gate Trading Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

1- Engr. Abdulelah Saad Mohammed Al-Drees (Chairman of the Board)

2- Engr. Abdullah Saud Abdul-Aziz Al-Rshoud (Vice Chairman of the Board)

3- Mr. Saad Abdulelah Saad Al-Drees (CEO)

4- Mr. Abdullah Muhammad Ali Al-Kabrish

5- Mr. Saleh Abdulelah Saad Al-Drees

No Board members were absent.

2- Engr. Abdullah Saud Abdul-Aziz Al-Rashoud (chairman of Nomination and Remuneration Committee)

2. Approval of the company’s external auditor’s report for the fiscal year ended 31/12/2025G after discussion.

3. The financial statements for the fiscal year ended 31/12/2025G were reviewed and discussed.

4. Approval of the discharge of the Board members from liability for the fiscal year ended 31/12/2025G.

5. Approval of the appointment of Al-Zoman, Al-Fahad & Al-Hajjaj as the company’s auditor with fees amounting to SAR 240,000, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for Q2, Q3, and the annual financial statements of 2026G, as well as Q1 of 2027G.

6. Approval of the transactions and contracts concluded between the Company and Foods Valley Trading Company, in which Board members (Abdulelah bin Saad Al-Drees, Saad bin Abdulelah Al-Drees, and Saleh bin Abdulelah Al-Drees) have an indirect interest. These transactions consist of purchases under a one-year contract. The total value of transactions during the fiscal year ended 31 December 2025G amounted to SAR 2,287,395, and the transactions were conducted without preferential terms or benefits.

7. Approval of the transactions and contracts concluded between the Company and Foods Valley Trading Company, in which Board members (Abdulelah bin Saad Al-Drees, Saad bin Abdulelah Al-Drees, and Saleh bin Abdulelah Al-Drees) have an indirect interest. These transactions consist of expenses paid on behalf of Foods Valley Trading Company under a one-year contract. The total value of transactions during the fiscal year ended 31 December 2025G amounted to SAR 18,331, and the transactions were conducted without preferential terms or benefits.

8. Approval of delegating the Board of Directors with the authorization powers of the Ordinary General Assembly as stipulated in Paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of the General Assembly approval or until the end of the delegated Board term, whichever is earlier, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.

9. Approval of the Board of Directors’ recommendation to distribute cash dividends amounting to SAR 3,150,000 to shareholders for the fiscal year ended 31/12/2025G, at SAR 1 per share. Eligibility shall be for shareholders owning shares at the close of trading on the day of the General Assembly and registered in the Company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. Dividend distribution shall commence on Sunday, 24/05/2026G.

10. Approval of paying remuneration amounting to SAR 200,000 to the Board members for the fiscal year ended 31/12/2025G.

11. Approval of the election of the Board members for the upcoming term commencing on 06/06/2026G for a period of four years ending on 05/06/2030G, using cumulative voting, as follows:

1- Eng. Abdulelah bin Saad bin Mohammed Al-Drees

2- Eng. Abdullah bin Saud bin Abdulaziz Al-Rshoud

3- Mr. Saad bin Abdulelah bin Saad Al-Drees

4- Mr. Yasser bin Rashid bin Hamad Al-Rashid

5- Mr. Ahmed bin Abdulelah bin Saad Al-Drees