| Element List | Explanation |
|---|---|
| Introduction | Al Babtain Power and Telecommunication company announce the results of ordinary assembly meeting (first meeting) which was held at 06:30 PM on Thursday 07.05.2026 through the modern technology means, where the quorum was completed for meeting. |
| City and Location of the General Assembly's Meeting | Corporate Office – Riyadh City through the modern technology means |
| Date of the General Assembly's Meeting | 2026-05-07 Corresponding to 1447-11-20 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 29.74 % |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | Mr. Ibrahim Hamad Abdullah ABabtain ( Chairman) |
Mr. Abdulaziz Ibrahim Abdullah Al babtain (Deputy Chairman)
Mr. Abdulkareem Hamad Abdullah Al babtain (Board Member)
Mr. Khaled Mohammed Abdullah Abdulrahman ABabtain (Board Member)
Mr. Khaled Mohammed Abdullah ABabtain (Board Member)
Mr. Sultan Hamad Abdullah AL Babtain (Board Member)
Dr. Abdullah Sulaiman Mohammed aljuraish (Board Member)
Eng. Ibrahim Mohammed Hadi Al Daghrir (Board Member)
Mr. Essam Abdulaziz Al Segair (Board Member)
Eng. Ibrahim Mohammed Hadi Al Daghrir (Nomination & Remuneration Committee chairman)
2- Reviewed the financial statements for the fiscal year ending on 31.12.2025 and discuss.
3- Approved on the auditor’s report on the Company’s accounts for the fiscal year ending on 31.12.2025 after discussing him.
4- Approve on appointing BDO-Dr. Mohammed Al-Amri & Co. the auditor for the Company from among the candidates based on the Audit Committee's recommendation. The appointed auditor shall examine, review, and audit the (second and third) quarter and annual financial statements, of the fiscal year 2026 G., and the first quarter of the fiscal year 2027 G., and the determination of the auditor's remuneration by amount SR 1,705,000 exclusive VAT.
5- Approved on the Board of Directors delegating the authority of the Ordinary General Assembly to the license mentioned in Paragraph (1) of Article (27) of the Companies Bylaw, for a period of one year from the date of approval of the General Assembly or until the end of the session of the authorized Board of Directors, whichever is earlier, in accordance with the conditions mentioned in the controls And the regulatory procedures issued in implementation of the Companies Law for listed joint stock companies.
6- Approved to authorize the company board of directors to distribute interim dividends on a biannual or quarterly basis for the fiscal year ending on 31.12.2026.
7- Approved on the transactions which held on the fiscal year ending on 31.12.2025 between the company and al Babtain contracting company where the following board members have indirect interest; Ibrahim Hamad Abdullah ABabtain, Abdulkareem Hamad Abdullah Al Babtain, Khaled Mohammed Abdullah Abdulrahman ABabtain. This transaction is about sales, the value of these transactions is 5,85 million Saudi Riyals and not preferential terms.
8- Approved on the transactions which held on the fiscal year ending on 31.12.2025 between the company and al Babtain trading company where the following board members have indirect interest; Ibrahim Hamad Abdullah ABabtain, Abdulkareem Hamad Abdullah Al Babtain, Khaled Mohammed Abdullah Abdulrahman ABabtain. This transaction is about purchasing, the value of these transactions is SR 39,952 and not preferential terms.
9- Approved on amending the audit committee regulations.
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