Morabaha Marina Financing Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Morabaha Marina Financing Company (Mrna) is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting).
City and Location of the General Assembly's Meeting	At the company's headquarters in Riyadh – Al-Nakheel District, via modern technology means (remotely).
Date of the General Assembly's Meeting	2025-04-17 Corresponding to 1446-10-19
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	61.20%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following members of the Board of Directors attended the meeting:

1. Mr. Abdulrahman Mohammed Al-Ghimlas – Chairman of the Board

2. Mr. Abdullah Mohammed Al-Rayes – Executive Managing Director

3. Mr. Ibrahim Abdullah Al-Ghimlas – Board Member

4. Mr. Naif Talal Al-Maiman – Board Member

5. Mr. Faheed Moazi Al-Osimi – Board Member

6. Mr. Nasser Mohammed Al-Qasabi – Board Member

7. Mr. Abdulrahman bin Abdullah bin Dakhil – Board Member

The following member was unable to attend:

1. Mr. Khalid Mohammed Al-Onizan – Vice Chairman of the Board Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1. Dr. Adel bin Abdulkarim Al-Moamen – Chairman of the Audit Committee

2. Mr. Nasser Mohammed Al-Qasabi – Chairman of the Executive Committee Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approval of the Board of Directors’ resolution to appoint Mr. Nasser bin Mohammed Al-Qasabi (Independent Member) to the Board of Directors, effective August 10, 2024, to complete the current board term ending on June 14, 2025, replacing the former member Mr. Waleed bin Youssef Al-Ghomlas (Non-Executive Member).

2. Approval of the Board of Directors’ resolution to appoint Mr. Abdulrahman bin Abdullah bin Dakhil (Independent Member) to the Board of Directors, effective August 10, 2024, to complete the current board term ending on June 14, 2025, replacing the former member Mr. Saad bin Abdulaziz Al-Hoshan (Non-Executive Member).

3. Approval of the appointment of the company’s external auditor from among the nominated firms based on the recommendation of the Audit Committee, namely PricewaterhouseCoopers Professional Services (PwC), to review and audit the financial statements for the first, second, and third quarters, as well as the annual financial statements for fiscal year 2025, and the first quarter of fiscal year 2026, with audit fees amounting to SAR 1,019,000 (excluding VAT).

4. Approval to file a liability lawsuit against Mr. Waleed Youssef Abdulrazzaq Al-Ghomlas, in his capacity as the former Executive Managing Director, and to authorize the company’s Board of Directors to take the necessary legal and regulatory actions in this regard.

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.