Arab Sea Information Systems Company announces the results of the Ordinary General Assembly Meeting ( Second Meeting)

Element List	Explanation
Introduction	The Board of Directors of Arab Sea Information Systems Company is pleased to announce the results of the Ordinary General Assembly (second meeting) held on Tuesday 29/11/1446 corresponding to 27/05/2025 at 9:30 PM, where the legal quorum for the second meeting was completed and the attendance rate reached 9.33%.
City and Location of the General Assembly's Meeting	At the company’s headquarters in Riyadh, Al Rayyan District – via modern technology.
Date of the General Assembly's Meeting	2025-05-27 Corresponding to 1446-11-29
Time of the General Assembly’s Meeting	21:30
Percentage of Attending Shareholders	9.33%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board members attended the meeting:

1. Mr. Abdullah Mohammed Al Hawas(Chairman of the Board of Directors)

2. Mr. Ahmed Suleman Al Jasser(Deputy Chairman )

3. Mr. Haitham Mohammed Al Suhaibani

4. Eng. Abdulaziz Mohammed Al Khalifa

5. Dr. Ahmed Sirag Khogeer

6. Mr. Saleh Mohammad Alojayyan

Absent Members:

None of the Board of Directors members were absent from the meeting. 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 committee chairman :

Dr. Ahmed Sirag Khogeer (Chairman of the Audit Committee)

Mr. Saleh Mohammad Alojayyan (Chairman of the Nominations and Remuneration Committee) Voting Results on the Items of the General Assembly's Meeting Agenda's 1. the report of the Board of Directors for the fiscal year ending on 31-12-2024 was reviewed and discussed

2. approval on the company's auditor's report for the fiscal year ending on the 31-12-2024 after discussing it

3. The consolidated financial statements for the fiscal year ending on 31-12-2024 was reviewed and discussed

4. approval to absolve the members of the Board of Directors from liability for the fiscal year ending on 31-12-2024.

5. approval on disbursing an amount of 971,875 SR as a reward to the members of the Board of Directors for the fiscal year ending on 31-12-2024

6. approval on appointing Sultan Ahmed AlShubaily Certified Public Accountant co the company’s auditor among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second, third quarters and annual of the year 2025 and the first quarter of the year 2026 and determine his fees in the amount of 536,000 Saudi Riyals

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