Consolidated Grunenfelder Saady Holding Co. Announces the Results of the Extraordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Consolidated Grunenfelder Saady Holding Company announces the results of the Extraordinary General Assembly Meeting (First Meeting), which was held remotely via modern technology at 8:00 p.m. on Tuesday, May 12, 2026, corresponding to Dhu-al-Qadah 25, 1447H.
City and Location of the General Assembly's Meeting	Through the use of Modern Technology from the Company's Headquarter in Riyadh
Date of the General Assembly's Meeting	2026-05-12 Corresponding to 1447-11-25
Time of the General Assembly’s Meeting	20:00
Percentage of Attending Shareholders	70.83%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following board member attended the meeting:

1) Sinan Esmat Abdul-Samad Al Saady Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1) Mohammed Habes, a member of the audit committee, was present on behalf of Mr. Fahd Saleh Ali Al-Hathlool (Chairman of the Audit Committee). Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approved the transfer of entire statutory reserve balance amounting to SAR 300,000 (Three hundred thousand Saudi Riyal) to retained earnings, in accordance with the provisions of the Companies Law and relevant regulations.

2. Approved the appointment of Ernst & Young as the Company’s external auditor from among the nominated candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the first, second and third quarters and the annual financial statements for the fiscal year ending 31 March 2027, as well as the first quarter of the fiscal year ending 31 March 2028, at a fee of SR 810,000 (excluding VAT).

3. Approved amending Article (1) of the Company’s Bylaws relating to Incorporation.

4. Approved amending Article (2) of the Company’s Bylaws relating to the Company Name.

5. Approved amending Article (3) of the Company’s Bylaws relating to the Company’s Head Office.

6. Approved amending Article (4) of the Company’s Bylaws relating to the Company’s Objectives.

7. Approved amending Article (5) of the Company’s Bylaws relating to the Company’s Term.

8. Approved amending Article (6) of the Company’s Bylaws relating to Capital.

9. Approved amending Article (7) of the Company’s Bylaws relating to Share Subscription.

10. Approved amending Article (8) of the Company’s Bylaws relating to the Management of the Company.

11. Approved amending Article (9) of the Company’s Bylaws relating to the Expiry or Termination of Board Membership.

12. Approved amending Article (10) of the Company’s Bylaws relating to the Powers of the Board of Directors.

13. Approved amending Article (11) of the Company’s Bylaws relating to the Remuneration of Board Members.

14. Approved amending Article (12) of the Company’s Bylaws relating to the Powers of the Chairman, Vice Chairman, Managing Director, and Secretary of the Board.

15. Approved amending Article (13) of the Company’s Bylaws relating to Convening of General Assemblies.

16. Approved amending Article (14) of the Company’s Bylaws relating to Voting in General Assemblies.

17. Approved amending Article (15) of the Company’s Bylaws relating to Preparing Minutes of General Assemblies.

18. Approved amending Article (16) of the Company’s Bylaws relating to the Fiscal Year.

19. Approved amending Article (17) of the Company’s Bylaws relating to Final Provisions.

20. Approved amending the Remuneration Policy.

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.