Saudi Manpower Solutions Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

Saudi Manpower Solutions Company (SMASCO) shareholders approved the 2025 financial statements and authorized the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year.
The assembly approved SAR 2,993,000 in Board remuneration for the 2025 fiscal year and ratified the appointment of Mr. Ali bin Abdulrahman Al-Ghamdi as an independent board member to serve until May 2027.
Shareholders approved multiple related party contracts, including agreements with Saudi Facility Management Company and WAAD Home Services Marketing Company with 2025 transaction values reaching SAR 54.5 million and SAR 53.6 million, respectively.
Amendments were approved for the Company’s Articles of Association regarding objectives and management, alongside updates to the Audit Committee Charter and Remuneration Policy.

Element List	Explanation
Introduction	The Board of Directors of Saudi Manpower Solutions Company (SMASCO) is pleased to announce the results of the Extraordinary General Assembly’s Meeting (First Meeting), which was held at 7:00 PM on Wednesday , 24 Thul-Hijjah1447 H, corresponding to 10 June 2026 G, through modern technological means
City and Location of the General Assembly's Meeting	SMASCO, HQ, Riyadh - via modern technological means (Remotely) through Tadawulaty system.
Date of the General Assembly's Meeting	2026-06-10 Corresponding to 1447-12-24
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	54.08
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Names of the Board of Directors attending the meeting: 1- Mr. Fahad bin Ali Al Muhaidb , Chairman of the Board of Directors 2- Mr. Hesham Hasan Atieh 3- Mr. Fahad bin Zwaid Al Mutairi 4- Mr. Abdullah bin Abdulaziz Al Kanhal 5- Mr. Zied Abdulqader Toumi 6- Mr. Khaled bin Mohammed Al Sharif 7- Mr. Ali Bin Abdulrahman Al Ghamdi Absentees: 1- Mr. Saad bin Nahar Al Badah, Vice Chairman of the Board of Directors 2- Mr. Majed bin Abdullah AlKuraydis
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. Khaled bin Mohammed Al Sharif, Chairman of the Audit Committee 2- Mr. Zied Abdulqader Toumi, Chairman of the Nominations and Remuneration Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	Attached
Additional Information	If you have any inquiries, please contact Investor Relations Department during working hours from 8:00 AM to 4:00 PM at: Phone: 0112247001, Extension: 5000 Or by email: investor.relations@smasco.com
Attached Documents	Attached Documents