Mufeed Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

01 September 2025 08:05 AM

MUFEED 9615 -33.98% 37.70 -19.40

Element List	Explanation
Introduction	Mofeed Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 20:00 on Sunday, 08/03/1447H corresponding to 31/08/2025G, at the company’s headquarters located in Riyadh – Anas Bin Malik Road – Al-Fares Square Building. The meeting was conducted through modern technology means using Tadawulaty services, after the legal quorum required for holding the assembly was completed.
City and Location of the General Assembly's Meeting	Headquartered in Riyadh – Anas Bin Malik Road – Al-Fares Square Building, the meeting was conducted remotely through modern technology (virtually), using Tadawulaty services.
Date of the General Assembly's Meeting	2025-08-31 Corresponding to 1447-03-08
Time of the General Assembly’s Meeting	20:00
Percentage of Attending Shareholders	92.41%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Mr. Naif bin Awad bin Awadallah Al-Otaibi – Chairman of the Board ENG. Wafi Saeed Hussein Al-Sarhan Al-Qahtani – Vice Chairman of the Board and Chief Executive Officer ENG. Mansour Abdulaziz Saad Al-Hawas – Board Member Mr. Abdullah Mohammed Saeed Al-Saqr Al-Qahtani – 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	ENG. Mansour Abdulaziz Saad Al-Hawas – Chairman of the Audit Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Approval of the Board of Directors’ recommendation regarding the reallocation of the proceeds from the offering amounting to SAR 30,000,000 (thirty million Saudi Riyals), as stated in the prospectus published on 29/08/2024G, to be fully utilized in the expansion of the Company’s operations, in accordance with the attached statement.

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