The National Shipping Company of Saudi Arabia (Bahri) Board invites its shareholders to attend the Ordinary General Assembly meeting (First meeting)

The National Shipping Company of Saudi Arabia (Bahri) will hold an Ordinary General Assembly meeting remotely on June 10, 2026, to discuss and vote on fiscal year 2025 results and reports.
Shareholders will vote on a proposed cash dividend distribution for FY 2025 totaling SAR 922.85 million, representing SAR 1.00 per share (10% of par value).
The agenda includes approval for significant related party transactions conducted in 2025 with Aramco Trading Company (SAR 3,206 million) and Alinma Bank (SAR 1,697 million).
Other items for voting include amending the company’s remuneration policies and committee charters, and authorizing the Board of Directors to distribute interim dividends for FY 2026.

Element List	Explanation
Introduction	The Board of Directors of The National Shipping Company of Saudi Arabia (Bahri) is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly meeting (First Meeting), to be held at 08:00 pm on Wednesday, 24 Dhu Al-hijjah 1447 AH (corresponding to 10 June 2026G), via modern technology means (remotely).
City and Location of the General Assembly's Meeting	Via modern technology means (remotely), from the Company's headquarters in Riyadh.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-06-10 Corresponding to 1447-12-24
Time of the General Assembly’s Meeting	20:00
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 Company’s shareholders record at the Securities Depository Center Company (Edaa) by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The right to register a name to attend the general assembly meeting ends at the time of convening of 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 Ordinary General Assembly Meeting shall be valid only if attended by shareholders representing at least one quarter of the Company’ shares that has voting rights, according to article (33) of the Company’s Bylaw. If there is no quorum for this meeting, a second meeting will be held one hour after the end of the scheduled time for the first meeting, the second meeting shall be deemed valid irrespective of the number of shares that has voting rights represented therein.
General Assembly Meeting Agenda	1) Review and discuss the Board of Directors' report for the fiscal year ending on December 31, 2025. 2) Review and discuss the financial statements for the fiscal year ending on December 31, 2025. 3) Voting on the External auditor's report for the fiscal year ending on December 31, 2025, after discussing it. (attached) 4) Voting on the Board of Directors recommendation to distribute cash dividends to shareholders for the fiscal year 2025, amounting to SAR 922.85 million at SAR 1.00 per share representing 10% of the par value per share. Eligibility shall be for the shareholders who own the shares at the end of the trading day on which the General Assembly is held, and who are registered in the Company’s shareholder register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the General Assembly. Dividend distribution shall be executed within fifteen (15) business days from the dividends entitlement date as determined in the General Assembly resolution. 5) Voting on the business dealings conducted during the fiscal year ended 31 December 2025 between the Company and Aramco Trading Company (“ATC”), in which both members of the Board of Directors Eng. Ahmed Al-Khunaini (being a board member of ATC) and Eng. Mohammed Al-Mulhim (being the CEO of ATC) have an indirect interest, which are crude oil transportation services, as per market prevailing commercial terms, where the total value of dealings amounted to SAR 3,206 million. (attached) 6) Voting on the business dealings conducted during the fiscal year ended 31 December 2025 between the Company and Alinma Bank, in which the member of the Board of Directors Dr. Abdulmalik AlHogail has an indirect interest, being a member of the Board of Directors at Alinma Bank, which are banking facilities, as per market prevailing commercial terms, where the total value of dealings amounted to SAR 1,697 million. (attached) 7) Voting on amending the Board of Directors, Board Committees and Executive Management Remuneration Policy. (attached) 8) Voting on amending the Nomination and Remuneration Committee Charter. (attached) 9) Voting on amending the Audit Committee Charter. (attached) 10) Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year ending on 2026. 11) Voting on delegating the Board of Directors by the Ordinary General Assembly of its authorization power referred to in Paragraph (1) of Article (27) of the Companies Law, for a year from the date of Ordinary General Assembly’s approval or until the end of the current term of the Board of Directors, whichever is earlier, pursuant to the conditions stipulated by the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
Proxy Form	Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Shareholders have the right to discuss the topics on the meeting's agenda and ask questions in accordance with the regulations. Also, shareholders can register in Tadawulaty services and vote remotely on the General Assembly Meeting agenda through Tadawulaty website: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda	The shareholders may remotely vote on the General Assembly Meeting’s agenda via (E-voting service) through Tadawulaty website. The remote voting will start at (01:00) AM on Saturday, 20 Dhu Al-hijjah 1447 AH (corresponding to 06 June 2026G) until the end of the General Assembly Meeting. Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders.
Method of Communication in Case of Any Enquiries	We are pleased to receive your inquiries by contacting our Investor Relations Department through the following channels: Tel: (+966) 11 478 5454 Email: ir@bahri.sa
Attached Documents	Attached Documents