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

ELEMENT LIST	EXPLANATION
Introduction	Zamil Industrial Investment Company is pleased to announce the results of the Extraordinary General Assembly Meeting (First Meeting), which was held virtually at 10:00 pm on Thursday, 20 Ramadan 1443 AH corresponding to 21 April 2022, after securing the required quorum.
City and Location of the General Assembly’s Meeting	Company headquarters in Dammam’s First Industrial City – Virtually
Date of the General Assembly’s Meeting	21 April 2022
Time of the General Assembly’s Meeting	22:00
Percentage of Attending Shareholders	52.75%
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. Khalid Abdullah Hamad Al Zamil (Chairman of the Board) 2- Mr. Abdallah Saleh Juma’h Al Dosari (Vice Chairman of the Board) 3- Mr. Ahmed Abdullah Hamad Al Zamil 4- Mr. Adib Abdullah Hamad Al Zamil 5- Mr. Mohammed Ahmed Mahmoud Al Ghaith 6- Mr. Mohammad Sulaiman Mohammad Al Harbi 7- Mr. Khalid Mohammed Saleh Al Fuhaid 8- Mr. Abdulla Mohammed Abdulla Al Zamil
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. Abdallah Saleh Juma’h Al Dosari (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) Approve the Board of Directors report for the fiscal year ending 31/12/2021. 2) Approve the external auditors’ report for the fiscal year ending 31/12/2021. 3) Approve the consolidated financial statements for the fiscal year ending 31/12/2021. 4) Approve discharging the Board of Directors from any liabilities for the fiscal year ending 31/12/2021. 5) Approve the amendment of Article No. (16) of the company’s bylaws related to the formation of the Board of Directors. 6) Approve electing Board members from among the candidates for the next term, commencing from 1 May 2022 for a three-year term, ending on 30 April 2025, the elected candidates are as follows: 1. Mr. Abdulla Mohammed Abdullah Al Zamil (Executive) 2. Mr. Sattam Abdulaziz Abdullah Al Zamil (Non-Executive) 3. Mr. Bander Abdulrahman Abdullah Al Zamil (Non-Executive) 4. Mr. Khalid Mohammed Saleh Al Fuhaid (Independent) 5. Mr. Mohammad Sulaiman Mohammad Al Harbi (Non-Executive) 6. Mr. Adel Saleh Mohsen Al Ghassab (Independent) 7. Mr. Saud Ghassan Ahmed Al Sulaiman (Independent) 7) Approve the set-up, the duties and the internal regulations of the Audit Committee as well as on the remuneration of its members upon the proposal of the Board of Directors for a three-year term convening from 01/05/2019 until 30/04/2022. The elected members are as follows: 1) Mr. Mohammad Sulaiman Mohammad Al Harbi, Chairman (Non-Executive) 2) Mr. Khalid Mohammad Saleh Al Fuhaid, Member (Independent) 3) Mr. Sattam Abdulaziz Abdullah Al Zamil, Member (Non-Executive) 8) Approve the distribution of SAR 1,600,000 as Board Remuneration for the year ending 31/12/2021 at SAR 200,000 per Board Director. 9) Approve the related party transactions between the company and Zamil Group Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. The total purchase value in 2021 was SAR 23,485,597 and was agreed upon with the prevailing commercial terms. 10) Approve the related party transactions between the company and Zamil Group Holding Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. The total sales value in 2021 was SAR 48,907,153 and was agreed upon with the prevailing commercial terms. 11) Approve the related party transactions between the company and Arabian Gulf Construction Company, in which Mr. Adib Al Zamil (representative of Zamil Group Holding Company) has an indirect interest. The total sales value in 2021 was SAR 562,755 and was agreed upon with the prevailing commercial terms. 12) Approve delegating the Board of Directors with the authority of the Ordinary General Assembly stipulated in paragraph (1) of Article (71) 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 Regulatory Rules and Procedures issued pursuant to the Companies Law related to Listed Joint Stock Companies.