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

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

2- Muhammad Rashid Muhammad Al-Rasheed (Vice Chairman of the Board – Member of the Executive Committee)

3- Abdullah Saad Abdullah Al-Dosari ( Board Member – Member of the Executive Committee)

4- Saleh Rashid Mohammed Al-Rasheed ( Board Member )

5- Rashid Rashid Saad bin Awain (Board Member – Head of the Nominations and Remunerations Committee)

6- Turki Muhammad Fahid Al-Qurini (Board Member – Member of the Nominations and Remunerations Committee)

7- Youssef Abdullah Ibrahim Al-Mutlaq (Board Member – Member of the Audit Committee)

2. Approval on the auditor’s report for the fiscal year ended December 31, 2021 AD.

3. Approval on the financial statements for the fiscal year ended December 31, 2021 AD.

4. Approval on the appointment of Messrs. Office / Baker Tilly MKM among the candidates based on the recommendation of the Audit Committee to examine, review and audit the financial statements for the second quarter, third quarter, and annual of the fiscal year 2022 AD and the first quarter of the fiscal year 2023 AD and determine their fees.

5. Approval on the business and contracts that will take place between the company and “Rumooz Al-Fakherah For Trading Company”, where two of the Board members (Mr. Mohammad Rasheed Al-Rasheed) and (Mr. Saleh Rasheed Al-Rasheed), ( related parties ), have indirect interest in it , for the year 2022 . where The total value of the transactions done in the year 2021 was (9,452,931) Saudi Riyals, representing sales made on a normal commercial basis and with non-preferential terms.

6. Approval on the discharge of the members of the Board of Directors for the fiscal year ending on 31/12/2021 AD.

7. Approval on disbursing an amount of SAR 900,000 as a remuneration for the members of the Board of Directors, for the fiscal year ending on 31/12/2021 AD.

8. Approval on the amendment of Article (8 – Paragraph 1 – b) of the remuneration policy for the Board of Directors, its committees and the executive management of the company, related to (the remuneration of members of the Board of Directors).

9. Approval of on authorizing the Board of Directors to distribute interim dividends on a semi-annual / quarterly basis for the fiscal year 2022 AD.

10. Approval on disbursing an amount of SAR 175,000 as a remuneration for the members of the audit committee, for the fiscal year ending on 31/12/2021 AD.

11. Approval on the formation of the Audit Committee for the next (fifth) session, which will begin on 10/4/2022 AD for a period of three years ending on 9/4/2025 AD, and approves its tasks, rules of work and remunerations for its members as follows :

– Khaled Muhammad AL Khwaiter (Out of BOD)

– Youssef Abdullah Almutlaq. (Independent)

– Abdullah Soued Alerafi. (Out of BOD)

12- Approving the election of the Board of Directors, among the candidates for the next (fifth) session , which begins on 4/10/2022 AD for a period of three (3) years, ending on 9/4/2025 AD as follows :

1. Faisal Musaed Alhokair.

2. Khaled Mohammed Abdullah Al-Khuwaiter

3. Rashid Rashid Saad bin Awain

4. Youssef Abdullah Ibrahim Al-Mutlaq

5. Turki Muhammad Fahid Al-Quraini

6. Khaled Saad Abdul Rahman Al Kanhal

7. Abdullah Saad Abdullah Al-Dosari

– The company confirms that any of the shareholders can view the minutes of the assembly meeting at the company’s website or its Head office as soon as it is completed.

For more inquiries, you can contact our Investors Relations through:

Phone: +966112655556 ext. 1713

Email shareholders@unitedwires.com.sa

Saudi Arabia – P.O. Box 355208 Riyadh 11383 – Second Industrial