Arabian Pipes Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for which includes capital increase ( First Meeting ) The meeting will be held by means of modern technology

Element List	Explanation
Introduction	The Board of Directors of Arabian Pipes Company is pleased to invite the shareholders to participate and vote in the Extraordinary General Assembly Meeting (the first meeting) which includes capital increase. The meeting will be held by means of modern technology using Tadawulaty System Website: www.tadawulaty.com.sa
City and Location of the Extraordinary General Assembly's Meeting	Riyadh - By using modern technology from the company's headquarters
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-07-27 Corresponding to 1448-02-13
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	The Extraordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid if attended by shareholders representing at least one-fourth of the Company’s capital.
Meeting Agenda	1.Voting on the Board recommendation to increase the Company’s capital by granting bonus shares to the company’s shareholders as follows: A)Total amount of increase: SAR 52,000,000 B)Capital before increase: SAR 200,000,000. Capital after increase: SAR 252,000,000. Increase percentage: 26%) C)Number of shares before increase: 200,000,000 shares. Number of shares after increase: 252,000,000 shares D)By increasing the capital, the company aims to strengthen the company's capital base, thus contributing to enhancing future growth plans E)The capital increase will be effected by capitalizing SAR 52,000,000 (fifty-two million Saudi Riyals) from the retained earnings account through the issuance of 50,000,000 bonus shares to shareholders registered in the shareholders' register (representing a 25% increase, at a ratio of one share for every four shares held). The remaining new shares resulting from the increase will be allocated as treasury shares for the employee incentive share program—in accordance with the long-term incentive plan—amounting to 2,000,000 shares (representing 1% of the Company's capital prior to the increase) F) If the clause is approved, the eligibility date for the bonus shares will be for the shareholders who own the shares on the day of the extraordinary general assembly registered in the company shareholder register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date G)In the event of fractional shares, the fractions will be grouped into a single portfolio for all shareholders and sold at the market price and then distributed to the shareholders entitled to the grant each according to their share within 30 days of the date of the determination of the shares due to each shareholder H)Voting to amend Article No. 7 relating to Capital, of the Articles of Association of the company. (Attached) I)Voting on the amendment to Article (8) of the Company’s Articles of Association regarding share subscription (attached). 2.Voting on the employee share allocation program and on authorizing the Board of Directors to determine the terms of the program—including the allocation price per share offered to employees.
Proxy Form	Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Shareholders are entitled to discuss the agenda items of the General Assembly meeting and raise relevant questions to the , noting that the voting is available for free for all Shareholders via www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda	Shareholders registered in Tadawulaty Platform can vote remotely on the meeting items starting from 01:00 am in the morning on Thursday 1448-02-09 H corresponding to 23-07-2026 G until the end of convening time of the assembly, noting that registration and voting in Tadawulaty is available free of charge to all shareholders using the following link: www.tadawulaty.com.sa
Method of Communication in Case of Any Enquiries	In the event of any inquiries, we hope to contact the Investor Relations Department through:Tel: 0112650123 Ext: 324 Email: contact@arabian-pipes.com
Attached Documents	Attached Documents