Saudi Automotive Services Company (SASCO) announces the results of the Extraordinary General Assembly Meeting (second meeting)

SASCO shareholders approved the company’s FY 2025 financial statements and authorized the Board of Directors to distribute interim (quarterly or semi-annual) cash dividends for the 2026 fiscal year.
Shareholders rejected 10 proposed business deals and contracts with related parties involving board members—including leases and fuel purchase agreements with Nahaz and Al-Madaen Star Group—and granted a six-month period to rectify these transactions.
PWC was appointed as the company's auditor for FY 2026 and Q1 2027 for a total fee of SAR 3,496,800, and a board reward of SAR 2.45 million was approved for FY 2025.
The assembly approved an amendment to the company’s bylaws allowing for the purchase of its own shares and updated the regulations and remuneration policies for the board and committees.

Element List	Explanation
Introduction	Saudi Automotive Services Company (SASCO) is pleased to announce the results of the Extraordinary General Assembly Meeting (second meeting), which was held at 7:45 p.m. on Tuesday Jun 16, 2026 In person at the company’s headquarters in Riyadh and via modern technology through the Tadawulaty system.
City and Location of the General Assembly's Meeting	In person at the company’s headquarters in Riyadh and via modern technology through the Tadawulaty system.
Date of the General Assembly's Meeting	2026-06-16 Corresponding to 1448-01-01
Time of the General Assembly’s Meeting	19:45
Percentage of Attending Shareholders	43.65%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Name of the Board of Directors' Members Present: 1. Mr. Ibrahim Mohammed Alhudaithi (Chairman). 2. Mr. Sultan Mohammed Alhudaithi (Deputy Chairman & managing director). 3. Mr. Majed Mohammed Al - Othman. 4. Mr. Riyadh Saleh AlMalik (CEO). 5. Mr. Turki Abdullah Aljawini. 6. Mr. Yousef Hamad Alyousefi The Board member who was unable to attend: Mr. Majed Nasser Alsubeaei.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1. Mr. Ibrahim Mohammed Alhudaithi (Chairman of Executive Committee). 2. Dr. Abdullah bin Saghir Al-Husseini (Member of Audit Committee). 3. Mr. Yousef Hamad Alyousefi (Chairman of Remuneration & Nominations Committee).
Voting Results on the Items of the General Assembly's Meeting Agenda's	As per attachment.
Additional Information	With reference to the items that were not approved, the Assembly has granted a period of (6) months to take the necessary measures to rectify and address the existing situation in compliance with the relevant regulations and rules. For any inquiries, please contact the Investor Relations Department at 011-2068855 ext. 1113, e-mail IR@sasco.com.sa.
Attached Documents	Attached Documents