Alkhorayef Water and Power Technologies Announcement of Alkhorayef Water and Power Technologies for Inviting Its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting) through Modern Means of Technology.

Alkhorayef Water and Power Technologies Announcement of Alkhorayef Water and Power Technologies for Inviting Its Shareholders to Attend the Extraordinary General Assembly Meeting (First Meeting) through Modern Means of Technology.

1. Reviewing the Board of Directors’ report for the financial year ending on December 31, 2023 and discussing it. 2. Vote on the company’s auditor’s report for the financial year ending on December 31, 2023 after discussing it. 3. Review the financial statements for the fiscal year ending on December 31, 2023 and discuss them. 4. Vote on the Board of Directors’ recommendation to increase the company’s capital through the distribution of bonus shares to shareholders by capitalizing 100,000,000 Saudi riyals from retained earnings, according to the following: - The company’s capital before the increase is two hundred and fifty million (250,000,000) Saudi riyals, divided into twenty-five million (25,000,000) shares. - The company's capital after the increase is three hundred and fifty million (350,000,000) Saudi riyals, divided into thirty-five million (35,000,000) shares. - The total amount of the increase: (100) one hundred million Saudi riyals. - Percentage of capital increase: 40%. - Reason for the increase: Through the capital increase, the company aims to strengthen the company’s financial position in a way that contributes to achieving the company’s strategic objectives.