"Waja " Company announces to its shareholders the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 7:30 PM on Wednesday, 20/12/1445 AH corresponding to 26/06/2024 AD, at the company's headquarters in Riyadh. The meeting was conducted remotely using "Tadawulaty" services after the legal quorum for the assembly was met. Results of the voting on the General Assembly's agenda: • Approval of the company's auditor's report for the fiscal year ending on December 31, 2023, after discussing it. • Reviewing and discussing the Board of Directors' report for the fiscal year ending on December 31, 2023. • Reviewing and discussing the company's financial statements for the fiscal year ending on December 31, 2023. • Approval of discharging the Board of Directors members for the fiscal year ending on December 31, 2023. • Approval of appointing Al-Ayouti & Co. as the company's auditors, based on the Audit Committee's recommendation, to examine, review, and audit the financial statements for the first half and annual financial statements for the fiscal year 2024, with fees amounting to SAR 225,000. • Approval of paying SAR 100,000 as a reward to the Board of Directors members for the fiscal year ending on December 31, 2023. • Approval of authorizing the Board of Directors with the authority of the Ordinary General Assembly to grant the license referred to in paragraph (1) of Article 27 of the Companies Law, for one year from the date of the General Assembly's approval or until the end of the delegated Board of Directors' term, whichever is earlier, according to the conditions stated in the implementing regulations of the Companies Law for listed joint-stock companies. • Approval of the Audit Committee's work regulations. • Approval of the remuneration policy for Board members, committees, and executive management. • Approval of the participation of the Chairman of the Board, Mr. Ibrahim Abdullah Abdulsalam, in a competing business to the company's operations. • Approval of the transactions and contracts made between the company and Nafidhat Al-Riyadh Limited, in which the Chairman of the Board, Mr. Ibrahim Abdullah Abdulsalam, has an indirect interest as the spouse of the owner of Nafidhat Al-Riyadh Limited. These transactions involve (contracting and supply services) that started in 2023 and have a duration of one year, with a transaction value during 2023 amounting to SAR 7,455,990 (receivables) and the amount paid during 2023 amounting to SAR 7,455,990 (payables), with the final balance for 2023 being (zero) SAR. These transactions are conducted in the normal course of business and according to prevailing commercial terms without any preferential terms. • Approval of the transactions and contracts made between the company and the Chairman of the Board, Mr. Ibrahim Abdullah Abdulsalam, in which he has a direct interest. These transactions involve financing for one year, with a transaction value during 2023 amounting to SAR 13,456,736 (receivables) and the amount paid during 2023 amounting to SAR 13,339,750 (payables), with the final balance for 2023 being (zero) SAR. These transactions are conducted in the normal course of business and according to prevailing commercial terms without any preferential terms. For More Information: https://musahm.com/lnk/Hd33137