Corrective Announcement from Star Arabia Company Regarding the Corrective Announcement Related to the Results of the Ordinary General Assembly Meeting (First Meeting)

The Company would like to clarify that the votes of both the Chairman of the Board of Directors (Mr. Hamoud Mohammed Saleh Al-Hamoud) and the Managing Director & CEO (Mr. Mohammed Hamoud Mohammed Al-Hamoud) were excluded from Item (8) due to an indirect interest in that item. An error occurred during communication with the Securities Depository Center (Edaa), whereby the members were mistakenly restricted from voting on Item (9) instead of Item (8). Therefore, this correction is made.

After excluding the number of shares voted by the aforementioned members, the voting results for Item (8) became as follows: 15.7175846% in favor, 5.11226846% against, and 79.1701469% abstained. Accordingly, the final result for the item is “Not Approved.”

In light of the non-approval of Item (8) after the correction of the voting results, the General Assembly has granted a period of two (2) months from the date of the General Assembly for the members of the Board of Directors, namely the Chairman (Mr. Hamoud Mohammed Saleh Al-Hamoud) and the Managing Director & CEO (Mr. Mohammed Hamoud Mohammed Al-Hamoud), to rectify their situation in accordance with Paragraph (b) of Article 67 of the Implementing Regulations of the Companies Law for listed joint stock companies, either by submitting their resignation within the specified period or by terminating the contract/transaction in question.

The Company would like to clarify that the vote of the Chairman of the Board of Directors (Mr. Hamoud Mohammed Saleh Al-Hamoud) was excluded from Item (8) due to an indirect interest in that item. An error occurred during communication with the Securities Depository Center (Edaa), whereby the member was mistakenly restricted from voting on Item (9) instead of Item (8). Therefore, this correction is made.

After excluding the number of shares voted by the aforementioned member, the voting results for Item (8) became as follows: 15.7175846% in favor, 5.11226846% against, and 79.1701469% abstained. Accordingly, the final result for the item is “Not Approved.”

In light of the non-approval of Item (8) after correcting the voting results, the General Assembly has granted a period of two (2) months from the date of the Assembly to the members of the Board of Directors, namely the Chairman (Mr. Hamoud Mohammed Saleh Al-Hamoud) and the Managing Director & CEO (Mr. Mohammed Hamoud Mohammed Al-Hamoud), to rectify their situation in accordance with Paragraph (b) of Article 67 of the Implementing Regulations of the Companies Law for listed joint stock companies, either by submitting their resignation within the specified period or by terminating the contract/transaction in question.