| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Al Hammadi holding is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting) |
| City and Location of the General Assembly’s Meeting | Riyadh City – using Tadawulaty system |
| Date of the General Assembly’s Meeting | 2025-06-04 Corresponding to 1446-12-08 |
| Time of the General Assembly’s Meeting | 20:00 |
| Percentage of Attending Shareholders | 61.41% |
| Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees | The following Board Members attended the meeting:
1. Dr. Abdulaziz Mohammed Alhammadi (Chairman) 2. Mr. Mohammed Saleh Alhammadi (Deputy Chairman) 3. Dr. Abdulaziz Saleh Alhammadi (Board Member) 4. Mr. Aziz Mohammed Algahtani (Board Member) 5. Mr. Fahad Suliman Alnuhait (Board Member) 6. Mr. Saad Abdulmohsen Alhamidi (Board Member) 7. Dr. Nasser Hamd Binsaif (Board Member) 8. Dr. Ahmed Ibraheem Alsagheir (Board Member) |
| Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf | The following Committees’ Chairmen attended the meeting:
1. Mr. Aziz Mohammed Algahtani (Chairman of the Audit Committee) 2. Mr. Saad Abdulmohsen Alhamidi (Chairman of the Nomination and Remuneration Committee) |
| Voting Results on the Items of the General Assembly’s Meeting Agenda’s | 1. Reviewed and discussed the report of the Board of Directors for the fiscal year ended December 31, 2024 AD.
2. Reviewed and discussed the company’s financial statements for the fiscal year ended December 31, 2024 AD. 3. Approved the independent auditor’s report for the fiscal year ended December 31, 2024 AD. 4. Approved appointing BDO Dr.Muhammed Al-Amri & co. independent auditor from the candidates based on the recommendations of the Audit Committee for the audit and review of the financial statements for the second and third quarters and the annual statements for the year 2025 AD the first, second, third quarters and the annual financial statements of the year 2026 AD, and the first quarter financial statements of the year 2027 AD with total fees of (2,184,000) SAR. 5. Approved to release the members of the Board of Directors from liability for their management during the fiscal year ended December 31, 2024 AD. 6. Approved the payment of bonuses to the members of the Board of Directors for the fiscal year ended December 31, 2024 AD, with a total amount of (1,600,000) Riyals. 7. Approved on delegating the Board of Directors with the authority to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2025 AD. 8. Approved on delegating the of Board of Directors with the authority of the Ordinary General Assembly with the authorization contained in Paragraph (1) of Article (27) of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the delegated Board of Directors session, whichever is earlier, in accordance with the conditions contained in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. 9. Approved the election of members of the Board of Directors from the candidates for the next session, which begins on June 22, 2025 AD for a period of three years, and ends on June 21, 2029 AD. The following members were elected 1) Dr. Abdulaziz Mohammed Alhammadi 2) Mr. Mohammed Saleh Alhammadi 3) Mr. Aziz Mohammed Algahtani 4) Mr. Fahad Suliman Alnuhait 5) Mr. Saad Abdulmohsen Alhamidi 6) Dr. Nasser Hamd Binsaif 7) Dr. Ahmed Ibraheem Alsagheir 8) Dr. Rema Saleh Alhammadi 9) Basel Mohammed Binjabr 10. Approved the transactions that will be carried out between the company and Aziz Company for Contracting and Industrial Investment, in which the Chairman of the Board of Directors, Dr. Abdulaziz Mohammad Al Hammadi, and the Vice Chairman of the Board, Mr. Mohammad Saleh Al Hammadi, and the board member Dr. Abdulaziz Saleh Al Hammadi have an indirect interest in them, noting that the nature of the transaction consists of purchase orders for support and supply services, and the value of the transaction during the previous year 2024 AD amounted to (259,100) Riyals, noting that there are no preferential terms. 11. Approved the transactions that will be carried out between the company and Al Hammadi for Information Technology Establishment, in which the Vice Chairman of the Board, Mr. Mohammad Saleh Al Hammadi, the Chairman of the Board, Dr. Abdulaziz Mohammad Al Hammadi, and the members of the Board, Dr. Abdulaziz Saleh Al Hammadi have an indirect interest, noting that the nature of the transactions is purchase orders for technical services, and the value of the transactions during the previous year 2024 AD amounted to (4,868,010) Riyals, noting that there are no preferential terms. 12. Approved the transactions that will be carried out between the company and Artal Food Trading Establishment, in which the Board member, Dr. Nasser Hamad Binsaif, has an indirect interest, noting that the nature of the transactions is purchase orders for support and supply services, and the value of the transactions during the previous year 2024 AD amounted to (7,713,821) Riyals, noting that there are no preferential terms. |
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