Saudi Advanced Industries Company (SAIC) announces the invitation of its valued shareholders to attend the Extraordinary General Assembly Meeting including Capital Increase (the third meeting) by means of modern technology

Element List	Explanation
Introduction	The Board of Directors of Saudi Advanced Industries Company is pleased to invite its esteemed shareholders to participate and vote in the Extraordinary General Assembly meeting (the third meeting), which is scheduled to be held on Wednesday 03/07/1444 AH corresponding to 25/01/2023 AD, at (06:30) pm. by means of modern technology.
City and Location of the General Assembly's Meeting	At the company's headquarters in Riyadh - By means of modern technology.
URL for the Meeting Location	https://www.tadawulaty.com.sa
Date of the General Assembly's Meeting	2023-01-25 Corresponding to 1444-07-03
Time of the General Assembly's Meeting	18:30
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting	Extraordinary General Assembly Meeting (third meeting) will be held by the shareholders who attended regardless attendance percent
General Assembly Meeting Agenda	1-To vote on the company’s purchase of a number of its shares, with a maximum of (2,500,000) of its shares, and to keep them as treasury shares, as the Board of Directors or whoever delegates it considers that the share price in the market is less than its fair value, and the purchase will be financed through its financial resources and credit facilities, and the authorization of the Board of Directors The management completes the purchase process within a maximum period of twelve months from the date of the decision of the extraordinary general assembly, and the company will keep the purchased shares for a maximum period of five years from the date of the approval of the extraordinary general assembly, and after the expiration of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.

2- To vote on the recommendation of the Board of Directors regarding the increase of the company’s capital by granting bonus shares to the company’s shareholders according to the following:

A- The company’s capital before the increase is (500,000,000) five hundred million Saudi riyals, and in the event that the extraordinary general assembly approves the increase to (600,000,000) six hundred million Saudi riyals, with an increase of (20%), the company’s capital will be increased through the capitalization of profits. The remaining shares amounted to a total amount of (100,000,000) one hundred million Saudi riyals, by granting a free share for every five shares owned by the shareholders. The number of shares before the increase is (50,000,000) fifty million shares, and in the event of the approval of the Extraordinary General Assembly, the increase will become (60,000,000) sixty million shares. Where the company aims to increase the capital to strengthen the capital base of the company to promote future growth plans.

B- In the event that the item is approved, the date of eligibility for the bonus shares will be for the company’s shareholders who own shares on the day of the extraordinary general assembly, who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date of the extraordinary general assembly. In the event that there are fractional shares, they will be collected in one portfolio for all shareholders, sold at the market price, and then its value will be distributed among the shareholders eligible for the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder.

C- Amending Article 7 of the company’s bylaws, which is related to the capital. (attached)

D- Amendment of Article 8 of the company's bylaws related to subscription to shares. (attached)

3- To Vote on amending the first article of the company’s bylaws related to incorporation. (attached)

4- To vote on the amendment of Article Two of the company’s bylaws related to the company’s name (attached) Proxy Form E-Vote The valued shareholders registered on the Tadawulaty services website can vote remotely on the items of the Extraordinary General Assembly meeting through the (electronic voting) service, noting that remote voting starts from one o'clock in the morning on Saturday 28/06//1444 AH corresponding to 21/01/2023 AD, and until the end of the assembly time, we invite all shareholders of the company to participate and vote remotely by visiting the Tadawulaty website https://www.tadawulaty.com.sa Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes Method of Communication In case of any questions or inquiries, feel free to contact the numbers shown below:

Phone No. 0114789840

Fax No. 0114776193

Via the email: saiccom@saic.com.sa Attached Documents

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.