United Wire Factories Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

– Mr. Khaled Saad Abdul Rahman Al-Kanhal (Chairman of the Board of Directors – Chairman of the Executive Committee – Member of the Nominations and Remunerations Committee)

– Dr. Rashid Rashid Saad bin Awain (Vice Chairman of the Board of Directors – Chairman of the Nominations and Remunerations Committee)

– Mr. Khaled Mohammed Abdullah Al-Khowiter (Member of the Board of Directors – Chairman of the Audit Committee)

– Mr. Youssef Abdullah Ibrahim Al Mutlaq (Board Member – Audit Committee Member – Executive Committee Member)

– Mr. Abdullah Saad Abdullah Al-Dosari (Board Member – Executive Committee Member)

– Mr. Turki Muhammad Fuhaid Al-Quraini (Board Member – Member of the Nominations and Remuneration Committee)

– Mr. Faisal Musaed Abdul Mohsen Al Hokair (Member of the Board of Directors)

Dr. Rashid Rashid Saad Bin Awain (Chairman of the Nominations and Remunerations Committee)

Mr. Khaled Mohammed Abdullah Al-Khowiter (Chairman of the Audit Committee)

2. Approving of the company’s auditor’s report for the fiscal year ending on 12/31/2022 AD, after discussing it.

3. Reviewing and discussing the financial statements for the fiscal year ending on 12/31/2022.

4 . Approving of the appointment of Messrs. Baker Tilly as an auditor for the company’s accounts from among the candidates based on the recommendation of the Audit Committee, in order to examine, review and audit the financial statements for the second quarter, the third quarter, the annual fiscal year 2023 AD, and the first quarter From the fiscal year 2024 AD and determine his fees.

5. Approving of the business and contracts that were approved between the company and the luxury contracts for trade, which was acquitted by the two members of the Board of Directors (from the session ending on 04/09/2022 AD) Mr. Muhammad Rashid Muhammad Al-Rasheed, and Mr. Saleh Rashid Muhammad Al-Rasheed (related parties ) interest in the year 2022, dealing with the transactions that were dealt with during the year 2022, the value of which is (13,350,330) Saudi riyals, which are commercial transactions on known commercial bases.

6. Approving of the release of the members of the Board of Directors from liability for the fiscal year ending on 12/31/2022 AD.

7. Approving of the authorization of the Board of Directors to distribute interim profits on a semi-annual or quarterly basis for the fiscal year 2023 AD.

8. Approving the disbursement of an amount of (1,200,000) Saudi riyals as a reward for the members of the Board of Directors for the fiscal year ending on 12/31/2022.

9. Approval of disbursing an amount of (175,000) Saudi riyals as a reward for members of the Audit Committee for the fiscal year ending on 12/31/2022 AD.

The company confirms that any of the shareholders can view the minutes of the assembly on the website or at the company’s headquarters once it is completed.

For inquiries, you can contact investor relations through:

Phone :

+966112655556 ext. 1713

Fax:

+966 112651668

E-mail:

info@unitedwires.com.sa

Saudi Arabia – p. Box 355208, Riyadh 11383 – Second Industrial City.

God bless,