Saudi Advanced Industries Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( Third Meeting )

Saudi Advanced Industries Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( Third Meeting )

|Element List||Explanation|

|Introduction||The Board of Directors of Saudi Advanced Industries Company is pleased to announce the results of the Extraordinary General Assembly Meeting (the third meeting). This is due to the lack of a quorum for the first meeting, and the second meeting was held an hour after the specified time, as the meeting was held at exactly six thirty in the evening on Wednesday on 03/07/1444 AH corresponding to 25/01/2023 AD by means of modern technology|

|City and Location of the Extraordinary General Assembly's Meeting||At the company's headquarters in the city of Riyadh by means of modern technology.|

|Date of the Extraordinary General Assembly's Meeting||2023-01-25 Corresponding to 1444-07-03|

|Time of the Extraordinary General Assembly's Meeting||18:30|

|Percentage of Attending Shareholders||27.33%|

|Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees|| The meeting was attended by the following board members:

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Mr. Abdullah bin Mohammed Al Humaidhi (Chairman of the BOD)

Mr. Abdulrahman bin Nasser Al-Obaid (Vice Chairman of the BOD)

Dr. Abdullah bin Suleiman Al-Juraish (Managing Director)

Mr. FAISAL ABDULLAH IBRAHIM ALMUSHAWAH (Member BOD)

Eng. AHMAD ABDULRAHMAN ALRABIAH (Member BOD)

Not attended:

Mr. Musa Abdullah Al-Ruwaili (Member BOD)

|Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on