Southern Province Cement Co. Announces The Results Of The Ordinary General Assembly Meeting (First Meeting)

Introduction: Southern Province Cement Company announces the results of the ordinary general assembly meeting that was held by means of modern technology

City and Location of the General Assembly's Meeting: Main Center in Abha – Asir region by means of modern technology

Date of the General Assembly's Meeting: 2026-06-15 Corresponding to 1447-12-29

Time of the General Assembly’s Meeting: 18:30

Percentage of Attending Shareholders: 60.6784%

Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees: The following members of the Board of Directors attended the General Assembly meeting by means of modern technology:

1- Mr. Saad bin Abdulaziz bin Abdulwahab AlKroud (Chairman of the Board of Directors)

2- Mr. Mansour Abdulaziz Mansour AlSaghayer (Deputy Chairman of the Board of Directors)

3- Mr. Khalid Ibrahim S. Alrabiah

4- Mr. Abdulatif Ali Abdulatif AlSeif

5- Mr. Mohammed Naser Mohammed Al Naabit

6- Eng. Thamer Mohammed bin Muqhem Al Muhid

7- Eng Ahmed Saeed Al-Gamdi

8- Eng. Yahiya Mohammed Al Ameen Al Shangiti

9- Eng. Fahad Eid Ali AlHelal

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf: The heads of the committees or their delegates attended by means of modern technology:

1. Mr. Saad bin Abdulaziz bin Abdulwahab AlKroud (Head of the Executive Committee)

2. - Mr. Mansour Abdulaziz Mansour AlSaghayer (Head of the Investment and Strategy Committee)

3. Mr. Khalid Ibrahim S. Alrabiah (Head of the Audit Committee)

4. Mr. Abdulatif Ali Abdulatif AlSeif (Head of the Remuneration and Nominations Committee)

Voting Results on the Items of the General Assembly's Meeting Agenda's: First - The Board of Directors' report for the fiscal year ended 31/12/2025 has been Reviewed and discussed.

Second - The financial statements for the year ended 31/12/2025 has been Reviewed and discussed.

Third - Approved the auditor report on the Company’s accounts for the fiscal year ending on 31/12/2025 after discussing it.

Fourth - Approved the Board of Director’s recommendation to distribute dividends amounting to (0.25) riyals per share to the shareholders for the second half of the fiscal year ending on 31/12/2025, with a percentage of (2.5%) of the capital and a total amount of (35 million) riyals, Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the assembly date, and who are registered in the Company's shareholders registry held with Securities Depository Center Company (Edaa) at the end of the second trading day following the entitlement date. and provided that the distribution of dividends begins on 20/01/1448 AH - 05/07/2026.

Fifth - Approved for appointing Dr. Mohamed Al-Amri & Co. auditor for the company from among the candidates based on the audit committee’s recommendation the appointed auditor shall examine, review and audit the second and third quarter and annual financial statements, of the fiscal year 2026 and the first quarter of the fiscal year 2027 with a fee of 645,000 riyals.

Sixth - Approved for delegating the Board of Directors to distribute interim dividends on a biannual / quarterly basis for the fiscal year 2026.

Seventh: Approved for delegating the Board of Directors with the authority of the Ordinary General Assembly to grant the authorization stipulated in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval by the Ordinary General Assembly or until the end of the delegated Board’s term, whichever is earlier; in accordance with the terms set forth in the Implementing Rules and Regulations of the Companies Law for Listed Joint Stock Companies.

Eighth: Approved the transactions and contracts concluded during the fiscal year ended December 31, 2025, Between the Southern province Cement Company and the Saudi Chemical Company Ltd., which is owned by the Saudi Chemical Holding Company in which the board member Eng. Thamer bin Muhammed bin Muqham al-Muhaid, has an indirect interest in his capacity as a Board Member in the group. These businesses and contracts will be from 07/02/2025 until 06/02/2028 The annual transaction value for the year 2025 was approximately (7 million) Riyals, based on actual quantities transported and delivered to the buyer, without any preferential conditions.

Ninth: Approved the Audit Committee’s recommendation to approve the payment of additional fees to the external auditor, Dr. Mohamed Al-Amri & Co. (BDO), amounting to SAR 200,000 in consideration of additional man-hours spent for the review and audit of the Company's financial statements for the fiscal year 2025.