Tam Development Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

- Mr. Omar Abdel Rahman Al Jeraisy (Chairman of the Board of Directors)

- Eng. Ali Muhammad Saadi Shneimer (Vice Chairman of the Board of Directors)

- Mr. Samer Saeed Jundi (Member of the Board of Directors)

- Dr. Abdullah Nadeem Muhammad Elias (Member of the Board of Directors)

- Mr. Abdullah Anwar Muhammad Youssef (Managing Director)

Mr. Ahmed Abdel Rahman Mohamed Gaber (Chairman of the Audit Committee)

Dr. Yara Taher Anabtawi (Chairwoman of the Nominations and Remuneration Committee).

2) The Board of Directors' report for the fiscal year ending December 31, 2025, was approved after discussion.

3) The financial statements for the fiscal year ending December 31, 2025, were reviewed and discussed.

4) The discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025, was approved.

5) The appointment of BDO as the company’s auditor was approved from among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the company’s periodic and annual financial statements for the fiscal year ending December 31, 2026 and the first quarter of the fiscal year ending December 31, 2027, with fees of 555,000 riyals.

6) The Board of Directors was authorized to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending December 31, 2026. 7) The transactions and contracts between Tam Development Company and Bupa Arabia were approved. These transactions involve Vice Chairman of the Board, Eng. Ali Mohammed Saadi Shneimer, who serves as Chief Business Development Officer at Bupa Arabia, and Board Member, Dr. Abdullah Nadeem Mohammed Elias, who also serves on the Board of Directors of Bupa Arabia. Tam Development Company entered into a health insurance contract with Bupa Arabia for its employees, in accordance with standard procedures. The contract contains no preferential terms. The total value of transactions with Bupa Arabia amounted to SAR 1,972,121 (one million, nine hundred and seventy-two thousand, one hundred and twenty-one Saudi Riyals) during the year 2025.

8) The transactions and contracts between Tam Development Company and Careem Transportation for Information Technology were approved. These transactions involve Board Member, Dr. Abdullah Nadeem Mohammed Elias, who is a founding partner of Careem Transportation for Information Technology. Careem Transportation provides Tam Development Company with transportation services for its employees at the rates published on the Careem app, without any preferential terms. The total value of transactions with the company reached SAR 479,682 (four hundred seventy-nine thousand six hundred eighty-two Saudi Riyals) during 2025.

9) The transactions and contracts between Tam Development Company and Deep Systems for Artificial Intelligence, in which the CEO of Artificial Intelligence and Technology, Dr. Mazen Abdullah Mahi Malibari, is involved as the founder of Deep Systems for Artificial Intelligence, were approved. The contract between Tam and Deep is an investment partnership approved by the company's board of directors, without any preferential terms. The investment in Deep during 2025 amounted to SAR 656,250 (six hundred fifty-six thousand two hundred fifty Riyals).

10) The Board of Directors' recommendation to distribute cash dividends of SAR 2,050,500 (two million, fifty thousand, five hundred Saudi Riyals only) to shareholders for the fiscal year ending December 31, 2025, at a rate of 62 halalas (sixty-two halalas) per share, representing 6.2% of the share's nominal value, was approved. Eligibility for dividends is for shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. Dividend payments will commence on Tuesday, July 7, 2026, via the payment agent, the Securities Depository Center Company (Edaa). Any shareholder experiencing difficulties with the deposit into their account may contact the payment agent, the Securities Depository Center Company (Edaa), or the company via email at IR@TAM.SA.

11) Approval was granted to pay bonuses to the non-executive members of the Board of Directors totaling SAR 540,000 for all non-executive members for the fiscal year ending December 31, 2025.

12) Approval was granted for the Chairman of the Board, Mr. Omar Abdulrahman Al-Jeraisy, to participate in a business that competes with the company's operations.

13) Approval was granted to authorize the Board of Directors with the powers of the Ordinary General Assembly to grant the authorization stipulated in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the provisions of the Implementing Regulations of the Companies Law pertaining to listed joint-stock companies.

14) Approval was granted to authorize the Board of Directors with the powers of the Ordinary General Assembly to grant the authorization stipulated in Paragraph (2) of Article 27 of the Companies Law, for a period of one year from the date of approval by the General Assembly or until the end of the term of the authorized Board of Directors, whichever is earlier, in accordance with the provisions of the Companies Law and its Implementing Regulations pertaining to listed joint-stock companies.

15) The Competition Regulations and Standards were approved.

16) The company's purchase of up to ten thousand (10,000) of its own shares and holding them as treasury shares was approved, as the Board of Directors believes the share price is below its fair value. The purchase will be financed from the company's own resources or bank facilities. The Board of Directors is authorized to complete the purchase within a maximum period of eighteen (18) months from the date of the Extraordinary General Assembly's resolution. The company will retain the purchased shares for a maximum period of ten (10) years from the date of the Extraordinary General Assembly's approval. After this period, the company will follow the procedures and controls stipulated in the relevant regulations and bylaws.

The company also wishes to note that, following the General Assembly meeting, the Board of Directors has resolved to amend the distribution date to July 7, 2026, to allow the Securities Depository Center to distribute dividends according to its established schedule.