Alsaif Stores For Development And Investment Co. Announces The Results Of The Ordinary General Assembly Meeting (First Meeting)

Introduction: AlSaif Stores Development and Investment Company is pleased to announce to its esteemed shareholders the results of the Ordinary General Assembly Meeting (first meeting) held via modern technology means on 24/12/1447 AH corresponding to 10/06/2026 AD.

City and Location of the General Assembly's Meeting: Company headquarters - Riyadh, using modern technology

Date of the General Assembly's Meeting: 2026-06-10 Corresponding to 1447-12-24

Time of the General Assembly’s Meeting: 20:30

Percentage of Attending Shareholders: 81%

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. Sulaiman bin Mohammed AlSaif (Chairman of the Board)

2. Mr. Haitham bin Sulaiman AlSaif (Board Member)

3. Mr. Muhannad bin Sulaiman AlSaif (Board Member)

4. Mr. Abdulmajeed bin Sulaiman AlDakhil (Board Member)

5. Mr. Mohammed bin Saud AlZamil (Board Member)

Mr. Mohammed bin Sulaiman AlSaif (Vice Chairman of the Board) apologized for not attending 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: 1. Mr. Abdulmajeed bin Sulaiman Al Dakhil (Chairman of the Audit Committee)

2. Mr. Mohammed bin Saud Al Zamil (Chairman of the Nomination and Remuneration Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's: 1. Reviewed and discussed the Board of Directors’ Report for the fiscal year ended December 31, 2025.

2. Reviewed and discussed the financial statements for the fiscal year ended December 31, 2025.

3. Approved the External Auditor’s Report for the fiscal year ended December 31, 2025, after discussion.

4. Approved authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis during the fiscal year 2026.

5. Approved discharging the members of the Board of Directors from liability for the fiscal year ended December 31, 2025.

6. Approved the payment of remuneration to the members of the Board of Directors in the amount of SAR 1,220,000 for the fiscal year ended December 31, 2025.

7. Approved delegating to the Board of Directors the authority of the Ordinary General Assembly regarding the authorization set out in Paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the delegated Board’s term, whichever occurs first, in accordance with the conditions set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.

8. Approved the transactions and contracts concluded between the Company and Mr. Sulaiman bin Mohammed AlSaif, in which the Chairman of the Board, Mr. Sulaiman bin Mohammed AlSaif, has a direct interest. These transactions relate to branch lease agreements amounting to SAR 11,558,588 during 2025. All transactions were conducted on an arm’s-length basis and without any preferential advantages or terms.

9. Approved the transactions and contracts concluded between the Company and Nawa Real Estate Investment Company, in which Board Member Mr. Muhannad bin Sulaiman AlSaif has a direct interest. These transactions relate to property management and lease services amounting to SAR 2,405,448 during 2025. All transactions were conducted on an arm’s-length basis and without any preferential advantages or terms.

10. Approved the transactions and contracts concluded between the Company and Nawa Real Estate Investment Company, in which Board Member Mr. Muhannad bin Sulaiman AlSaif has a direct interest. These transactions relate to purchases amounting to SAR 48,147, which were settled by Nawa Company during 2025. All transactions were conducted on an arm’s-length basis and without any preferential advantages or terms.

11. Approved the transactions and contracts concluded between the Company and AlSaif Coffee Trading Company, in which Board Member Mr. Ahmed bin Sulaiman AlSaif had a direct interest. These transactions relate to the supply of goods amounting to SAR 64,430 up to the date of the termination of his Board membership on September 26, 2025. All transactions were conducted on an arm’s-length basis and without any preferential advantages or terms.

12. Approved the transactions and contracts concluded between the Company and Saif Plus Company, in which Board Member Mr. Ahmed bin Sulaiman AlSaif had a direct interest. These transactions relate to the supply of goods amounting to SAR 11,682,621 up to the date of the termination of his Board membership on September 26, 2025. All transactions were conducted on an arm’s-length basis and without any preferential advantages or terms.

13. Approval of the appointment of the Company’s external auditor, (Ibrahim Ahmed Al-Bassam & Co., Certified Public Accountants (Al-Bassam & Co.)), based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for the next three fiscal years, starting from the second quarter of 2026 through the first quarter of 2029, and to determine the auditor’s fees at SAR 1,260,000, excluding VAT.

14. Approved the participation of Board Member Mr. Haitham bin Sulaiman AlSaif in a business that competes with the Company’s activities