AlSaif Stores for Development and Investment Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

1- Sulaiman bin Mohammed Al Saif (Chairman of the Board of Directors)

2- Ahmed bin Sulaiman Al Saif (Vice Chairman of the Board of Directors)

3- Ahmed bin Saleh Al Sultan (Board Member)

4- Haitham bin Sulaiman Al Saif (Board Member)

5- Mohammed bin Sulaiman Al Saif (Board Member)

6- Muhannad bin Sulaiman Al Saif (Board Member)

7- Abdulmajeed bin Sulaiman Al Dakhil (Board Member)

8- Mohammed bin Saud Al Zamil (Board Member)

2) The financial statements for the fiscal year ending December 31, 2024 were reviewed and discussed.

3) Approval of the company's auditor's report for the fiscal year ending December 31, 2024, after discussion.

4) Approval of a remuneration of SAR 1,217,000 to the members of the Board of Directors for the fiscal year ending December 31, 2024.

5) Approval of the Board of Directors' authorization to distribute interim dividends semi-annually or quarterly for the fiscal year 2025.

6) Approval of the appointment of the company's auditor (Al-Bassam & Partners Company) based on the recommendation of the Audit Committee. This is to examine, review, and audit the financial statements for the second, third, and annual quarters of fiscal year 2025, and the first quarter of fiscal year 2026. His remuneration was set at SAR 465,000.

7) Approval of the business and contracts concluded between the company and Nawah Real Estate Investment Company, in which board members Sulaiman bin Mohammed Al Saif, Ahmed Sulaiman Al Saif, Mohammed Sulaiman Al Saif, Haitham Sulaiman Al Saif, and Muhannad Sulaiman Al Saif have a direct interest. These contracts cover the rental of offices and branches. The value of the transactions was SAR 27,766,817 for 2024. All transactions were conducted on a commercial basis and without preferential benefits.

8) Approval of the business and contracts concluded between the company and Al Saif Commercial Agencies Company, in which board member Sulaiman bin Mohammed Al Saif has a direct interest. These contracts cover the supply of goods. The value of the transactions was SAR 4,238,532 for 2024. All transactions were conducted on a commercial basis and without preferential benefits.

9) Disapproval of the transactions between the company and Sulaiman bin Mohammed Al Saif, in which board member Sulaiman bin Mohammed Al Saif has a direct interest. These transactions consist of expenses paid on behalf of a shareholder. The value of the transactions was SAR 96,276 for the year 2024.

10) Disapproval of the transactions between the company and Sulaiman bin Mohammed Al Saif, in which board member Sulaiman bin Mohammed Al Saif has a direct interest. These transactions consist of the sale of land and a building. The value of the transactions was SAR 97,000,000 for the year 2024.

11) Disapproval of the transactions between the company and Sulaiman bin Mohammed Al Saif, in which board member Sulaiman bin Mohammed Al Saif has a direct interest. These transactions consist of financing received. The value of the transactions was SAR 20,000,000 for the year 2024.

12) Approval of the transactions and contracts concluded between the company and Al-Seif Coffee Trading Company, in which board member Ahmed bin Sulaiman Al-Seif has a direct interest. This interest is in the supply of goods. The transaction value was SAR 1,485,576 for the year 2024. All transactions were conducted on a commercial basis and without any preferential terms or conditions.

13) Disapproval of the transactions and contracts concluded between the company and Al-Seif Plus Trading Company, in which board member Ahmed bin Sulaiman Al-Seif has a direct interest. These are expenses paid on behalf of a shareholder. The transaction value was SAR 1,598,412 for the year 2024.

14) Disapproval of the transactions and contracts concluded between the company and Mohammed Al-Seif, in which board member Mohammed bin Sulaiman Al-Seif has a direct interest. This interest is in the financing received. The transaction value was SAR 15,000,000 for the year 2024.

15) Disapproval of the business and contracts concluded between the company and Haitham Al-Saif, in which board member Haitham bin Sulaiman Al-Saif has a direct interest. These contracts consist of sales transactions totaling SAR 156,043 for the year 2024.

16) Disapproval of the business and contracts concluded between the company and Muhannad Al-Saif, in which board member Muhannad bin Sulaiman Al-Saif has a direct interest. These contracts consist of sales transactions totaling SAR 40,458 for the year 2024.

17) Disapproval of the business and contracts concluded between the company and Ahmed Al-Saif, in which board member Ahmed bin Sulaiman Al-Saif has a direct interest. These contracts consist of sales transactions totaling SAR 44,299 for the year 2024.

18) Approval of the Board of Directors' delegation of the authority of the Ordinary General Assembly to authorize the Company's activities under Paragraph (1) of Article Twenty-Seven 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 comes first, in accordance with the conditions stipulated in the Executive Regulations of the Companies Law for listed joint-stock companies.

19) Approval of the participation of Board Member Ahmed bin Sulaiman Al-Saif in a business competing with the Company's activities.

20) Approval of the participation of Board Member Haitham bin Sulaiman Al-Saif in a business competing with the Company's activities.

21) Approval of the amendment to Article (3) of the Articles of Association relating to the Company's purposes.