| Element List | Explanation |
|---|---|
| Introduction | Arabica Star Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:30 p.m. on Sunday, 29/03/1447H corresponding to 21/09/2025, at the company’s headquarters located in Qassim – Buraidah – King Khalid Road, through modern technology using Tadawulaty services, after the legal quorum required for the validity of the meeting was achieved. |
| City and Location of the General Assembly's Meeting | The company's headquarters located in Al-Qassim - Buraidah, King Khalid Road, and conducted remotely using modern technology (via Tadawulaty services). |
| Date of the General Assembly's Meeting | 2025-09-21 Corresponding to 1447-03-29 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 82.62% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | 1. Mr. Hamoud Mohammed Saleh Al-Hamoud - Chairman of the Board of Directors 2. Dr. Yasser Hamoud Mohammed Al-Hamoud - Vice Chairman of the Board of Directors 3. Mr. Mohammed Hamoud Mohammed Al-Hamoud - Managing Director and Chief Executive Officer 4. Mr. Abdullah Mohammed Ali Al-Kobrash - Board Member" |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | Mr. Abdullah Mohammed Ali Al-Kobrash - Chairman of the Audit Committee |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1. Approval of electing the members of the Board of Directors from among the nominees for the upcoming term, which begins on 22/09/2025 and lasts for four years, ending on 21/09/2029. The elected members are: • Mr. Abdulaziz Abdullah Abdulaziz Al-Mughaiteeb • Mr. Mohammed Hamoud Mohammed Al-Hamoud • Dr. Yasser Hamoud Mohammed Al-Hamoud • Mr. Mohammed Abdullah Hamad Al-Arfaj 2. Approval of the Board of Directors’ recommendation to reallocate the proceeds of the offering amounting to sixteen million Saudi Riyals (SAR 16,000,000), as stated in the prospectus published on 05/12/2024, to be fully utilized for the expansion of the company’s operations as outlined in the statement. |
