Saudi Company for Hardware Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Saudi Company for Hardware (SACO) announces the results of the ordinary General Assembly meeting (the first meeting), which was held at 06:30 pm in the evening on Tuesday 23-06-1446 AH, corresponding to Dec 24, 2024, AD.
City and Location of the General Assembly's Meeting	The company's headquarters in Riyadh - through modern technology.
Date of the General Assembly's Meeting	2024-12-24 Corresponding to 1446-06-23
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	60.7124%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The meeting was attended by Board members as following:

1- Mr. Sameer Omar Baeasa.

2- Mr. Mohammed Abdullah Al Qatari.

3- Mr. Khaled Mohammed Al – Hamidi.

4- Mr. Sameer Mohammed Al – Hamidi.

5- Mr. Haytham Mohammed Al – Hamidi.

6- Mr. Faisal Al Fuhaid.

7- Mr. Mishal Al Hukair.

8- Mr. Eyad Al Daalouj

The following were unable to attend this meeting:

Mr. Saleh Al Mubarak Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf The meeting was attended by the following Chairmen of the Committees:

1- Mr. Loutfi Echhade (Chairman of the Audit Committee).

2-Mr. Mishal Al Hukair (Chairman of N&R Committee). Voting Results on the Items of the General Assembly's Meeting Agenda's 1- Approval of the business and contracts between the company and the heirs of Abdullah Taha Bakhsh owners of Abrar International Holdings Company (a major shareholder) and the board member Mr. Mohammed A AL Qatari, has an indirect interest in a lease contract for a store in Jeddah (Al-Andalus Street), from the date 28-02-2009 AD until 26-02-2025 AD, during 2024 the dealing amount is (2,000,000) Saudi Riyal, there are no preferential terms in this deal.

2- Approval of the business and contracts which will be between the company and the heirs of Abdullah Taha Bakhsh owners of Abrar International Holdings Company (a major shareholder) and the board member Mr. Mohammed A AL Qatari, has an indirect interest in a lease contract for a store in Jeddah, (Al Amir Mohammed Bin Abdul Aziz Street) Safwat Al Tahlia Center, from the date 06-04-2017, during 2024 the dealing amount is (2,084,250) Saudi Riyal, there are no preferential terms in this deal .

3- Approval of the business and contracts between the company and one of the owners of Abrar International Holdings Company (a major shareholder) and the board member Mr. Mohammed A AL Qatari, has Cancellation represented in signing a lease contract of investment of land in Jeddah on 15-05-2022 partially owned by Mr. Samoal Taha Bakhsh, one of the owners of Abrar International Holding Company (a related party), with knowing that the amount of the deal during 2023 was (1,286,735) Saudi Riyal, and during 2024 the dealing amount is (5,468,625) Saudi Riyal, there are no preferential terms in this deal. Additional Information If any inquiries to please contact the Investor Relations Department through one of the following means Tel: 0114993500 Email: investors@saco-ksa.com

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