Zamil Industrial Investment Company Announces the Results of the General Assembly Meeting (First Meeting)

ELEMENT LIST	EXPLANATION
Introduction	Zamil Industrial Investment Company is pleased to announce the results of the General Assembly Meeting (First Meeting), which was held virtually at 19:00 on Wednesday, 27 Shawwal 1444 AH, corresponding to 17 May 2023, after securing the required quorum.
City and Location of the General Assembly’s Meeting	Company headquarters in Dammam First Industrial City – Virtually
Date of the General Assembly’s Meeting	17 May 2023
Time of the General Assembly’s Meeting	19:00
Percentage of Attending Shareholders	45.13%
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. Abdulla Mohammed Abdulla Al Zamil (Chairman), 2- Mr. Bander Abdulrahman Abdullah Al Zamil (Vice Chairman), 3- Mr. Mohammad Sulaiman Mohammad Al Harbi, 4- Mr. Khalid Mohammed Saleh Al Fuhaid, 5- Mr. Adel Saleh Mohsen Al Ghassab, 6- Mr. Saud Ghasan Ahmed Al-Sulaiman. Mr. Sattam Abdulaziz Abdullah Al Zamil, board member 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	The following Committee Chairmen attended the meeting: 1- Mr. Adel Saleh Mohsen Al Ghassab, (Remuneration and Nomination Committee Chairman). 2- Mr. Mohammad Sulaiman Mohammad Al Harbi (Audit Committee Chairman).
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 ending on 31/12/2022. 2) Approved the external auditor’s report for the fiscal year ending 31 December 2022 after discussing it. 3) Reviewed and discussed the Consolidated Financial Statements for the fiscal year ending 31 December 2022. 4) Approved the discharge of the Board of Directors from any liabilities for the fiscal year ending 31 December 2022. 5) Approved the appointment of the external auditors, as per the recommendation of the Audit Committee, to review and audit the company’s quarterly and annual accounts for the second quarter, third quarter, and annual statements for the year 2023 and the first quarter of 2024, and agreed to their service fee. 6) Approved the distribution of SAR 1,700,000 as Board Remuneration for the year ending 31/12/2022. 7) Approved the related party transactions between the company and Zamil Group Holding Company, in which Mr. Sattam A. Al Zamil, a member of the Board of Directors, has an indirect interest. The total purchase value in 2022 was SAR 32,761,278 and was agreed upon with the prevailing commercial terms. 8) Approved the related party transactions between the company and Arabian Gulf Construction Company, in which Mr. Sattam A. Al Zamil, a member of the Board of Directors, has an indirect interest. The total sales value in 2022 was SAR 189,536 and was agreed upon with the prevailing commercial terms. 9) Approved the related party transactions between the company and Zamil Group Holding Company, in which Mr. Sattam A. Al Zamil, a member of the Board of Directors, has an indirect interest. The total sales value in 2022 was SAR 11,363,042 and was agreed upon with the prevailing commercial terms. 10) Approved delegating the Board of Directors with the authority of the Ordinary General Assembly stipulated in paragraph (1) of Article (27) of the Companies Law for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions set forth in the Regulation of the Companies Law for Listed Joint Stock Companies.