Al Mawarid Manpower Co. — Proxy Solicitation & Information Statement 2026

Apr 9, 2026

The Board of Director of Al Mawarid Manpower Company Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) via Modern Technology

1833 · 09/04/2026 08:10:14 · Announcement #94297 · View on Saudi Exchange

The Board of Director of Al Mawarid Manpower Company Invites its Shareholders to Attend the Ordinary General Assembly Meeting (First Meeting) via Modern Technology

Element List	Explanation
Introduction	The Board of Directors of Al Mawarid Manpower Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly Meeting (First Meeting) scheduled to be held virtually at 07:00 pm on Monday, 24/11/1447H (11/05/2026G).
City and Location of the General Assembly's Meeting	Riyadh/ Head Office (remotely and via modern technology means)
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-05-11 Corresponding to 1447-11-24
Time of the General Assembly’s Meeting	19:00
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Each shareholder registered in the Company’s Shareholders Register maintained at the Depository Center (“Edaa”) at the end of the trading session preceding the General Assembly meeting is eligible for remote attendance, Discussing the Assembly’s Items, Asking questions and voting through Tadawulaty at the General Assembly meeting as per the rules and regulations.
Quorum for Convening the General Assembly's Meeting	The Ordinary General Assembly meeting is valid if attended by shareholders representing at least a quarter of the company’s voting shares. If the quorum required for holding this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting shall be deemed valid regardless of the number of voting shares represented therein
General Assembly Meeting Agenda	1. Reviewing and discussing the Board of Directors’ report for the fiscal year ended December 31, 2025.

2. Voting on the company’s auditor’s report for the fiscal year ended December 31, 2025 after discussing it.

3. Reviewing and discussing the financial statements for the fiscal year ended December 31, 2025.

4. Voting on the discharge of the members of the Board of Directors for the year 2025.

5. Voting on the disbursement of an amount of SAR 2,110,000 as remuneration to the members of the Board of Directors for the fiscal year ended December 31, 2025.

6. Voting on appointing the company’s external auditor from among the nominees based on the recommendation of the Audit Committee, to review and audit the financial statements for the second, third, and annual periods of the fiscal year 2026, and the first quarter of the fiscal year 2027, and to determine their fees.

7. Voting on authorizing the Board of Directors to distribute interim dividends on a semi-annual or quarterly basis for the fiscal year 2026.

8. Voting on authorizing the Board of Directors with the powers of the Ordinary General Assembly as stated in paragraph (1) of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the term of the delegated Board of Directors, whichever comes first, in accordance with the conditions set forth in the executive regulations of the Companies Law for listed joint-stock companies.

9. Voting on the transactions and contracts concluded between the company and Al-Ayuni Investment and Contracting Company, in which the former Board member Ahmed bin Mohammed Al-Issa (may Allah have mercy on him) has an indirect interest by virtue of being a member of the Board of Directors of Al-Ayuni Investment and Contracting Company. These transactions involve the provision of manpower services to the related party. The total value of transactions during the year 2025 amounted to SAR 237.430.942 and were conducted under prevailing commercial terms.

10. Voting on the transactions and contracts concluded between the company and the Limak Al Ayuni Consortium (a joint venture), in the former Board member Ahmed bin Mohammed Al-Issa (may Allah have mercy on him) has an indirect interest by virtue of being a member of the Board of Directors of Al Ayuni Investment and Contracting Company. These transactions involve the provision of manpower services to the related party. The total value of transactions during the year 2025 amounted to SAR 173.188.782 and were conducted under prevailing commercial terms. Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Eligibility for registering the attendance of the General Assembly’s meeting ends upon the Convenience of the General Assembly’s meeting. Eligibility for voting on the meeting agenda ends when the counting committee completes counting of the votes Details of the electronic voting on the Assembly’s agenda Shareholders registered in Tadawulaty system may vote remotely on the General Assembly meeting’s agenda. Electronic voting will start at 1:00 AM, on Friday 21/11/1447H corresponding to 08/05/2026G and will continue until the General Assembly meeting ends. Voting and registration in Tadawulaty system are provided free of charge to all shareholders using the link (www.tadawulaty.com.sa ). Method of Communication in Case of Any Enquiries In the event of an inquiry, we hope to contact the Investor Relations Department during office hours from 8:00 am to 4:00 pm through

Phone No.: 0112899155

Or Email: IR@Mawarid.com.sa Additional Information The shareholders registered on Tadawulaty website will be notified with a text message explaining the mechanism of participation in the deliberations of the ordinary General Assembly meeting. Questions and inquiries of shareholders, before and during the Assembly meeting, can be sent via (IR@Mawarid.com.sa ). Attached Documents  

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