| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Rasan Information Technology Co. is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting), which was held through modern technology means on Monday 20 Safar 1448H corresponding to 3 August 2026 at 19:30 PM. |
| City and Location of the General Assembly's Meeting | The Company’s Ordinary General Assembly Meeting was held through modern technology means from the Company’s Head Office in Riyadh- Qurtuba District, Al-Thumama Road. |
| Date of the General Assembly's Meeting | 2026-08-03 Corresponding to 1448-02-20 |
| Time of the General Assembly’s Meeting | 19:30 |
| Percentage of Attending Shareholders | 59% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members have attended the meeting: 1. H.E. Majed Bin Abdullah Al Bawardi (The Chairman of the Board of Directors) 2. Mr. Moayad Bin Abdullah Al Fallaj (The Managing Director and CEO) 3. Mr. Abdulrahman Bin Abdullah Bin Ayban (Board Member) 4. Dr. Fahad Bin Ahmed Abuhaimed (Board Member) 5. Mrs. Basmah Bint Abdulrahman Al Sunaidi (Board Member) 6. Mr. Turki Bin Salman Al Sudairy (Board Member) Apologized for not attending the meeting: 1. Mr. Abdulaziz Bin Abdulrahman Al Omran (The Vice Chairman 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 | 1. H.E. Majed Bin Abdullah Al Bawardi (Chairman of the Executive Committee) 2. Mr. Abdulrahman Bin Abdullah Bin Ayban (Chairman of the Audit Committee and the Nomination & Remuneration Committee) |
| Voting Results on the Items of the General Assembly's Meeting Agenda's (Including a detailed breakdown for each resolution, of the percentage of votes cast in approval, non-approval, and abstentions) | Attached |
| Attached Documents | Attached Documents |
Rasan Information Technology Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Shareholders approved the election of a new Board of Directors for a three-year term commencing August 4, 2026, and ending August 3, 2029.
- The assembly approved ending the current Board of Directors’ term on August 3, 2026, in accordance with the maximum term limits stipulated under the new Companies Law.
- The nine elected board members are Muayyad Abdullah Al-Fallaj, Fahad Ahmed Abuhaimed, Abdulrahman Abdullah Bin Aiban, Turki Salman Al-Sudairy, Yasser Sulaiman Al-Dawood, Abdulrahman Salem Al-Malik, Fahad Adnan Al-Mansour, Noura Tariq Al-Qadi, and Bandar Mohammed Al-Hammali.
- The Board was granted delegated powers of the Ordinary General Assembly for a one-year period under Article 71 of the Companies Law with an approval rate of 96.44%.
Attachments
