First Milling Co. — AGM Information 2025

Jun 3, 2025

First Milling Co. invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) through modern technology

2283 · 03/06/2025 17:10:05 · Announcement #87952 · View on Saudi Exchange

First Milling Co. invites its shareholders to attend the Ordinary General Assembly Meeting (First Meeting) through modern technology

Element List	Explanation
Introduction	The Board of Directors of First Milling Company is pleased to invite the shareholders to participate and vote in the Ordinary General Assembly meeting (First Meeting), which is scheduled to be held at 06:30 PM on Tuesday 28/12/1446H, corresponding to 24/06/2025G, by means of modern technology.
City and Location of the General Assembly's Meeting	The Company’s HQ - Jeddah- Al-Baghdadiyah District- Madina Road (Remotely via modern technology).
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2025-06-24 Corresponding to 1446-12-28
Time of the General Assembly’s Meeting	18:30
Methodology of Convening the General Assembly’s Meeting	Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End	Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly's Meeting	The General Assembly Meeting will reach its quorum, if attended by a number of shareholders representing 25% of the share capital of the Company, if such a quorum is not present at the first meeting, an invitation shall be sent for a second meeting to be held after a lapse of an hour from the preceding meeting. The second meeting shall be valid regardless of the number of shares represented therein as per the company’s bylaws.
General Assembly Meeting Agenda	1. Voting on External Auditor Report for the fiscal year ended on 31 December 2024 after discussing it (Attached).

2. Review and discuss the Financial Statements for the fiscal year ended on 31 December 2024 (Attached).

3. Review and discuss the Board of Directors Report for the fiscal year ended on 31 December 2024 (Attached).

4. Voting on the authorization of the Board of Directors to distribute interim dividends on a semi-basis for the financial year ending 31 December 2025.

5. Voting on the discharge of the Board of Directors members for the fiscal year ended 31 December 2024.

6. Voting on the payment of SAR 3,085,000 as remuneration to the Board and committee members for the fiscal year ending December 31, 2024.

7. Voting on appointing the company's auditors from among the candidates based on the Audit Committee's recommendation, to review, and audit the financial statements for the second, third quarters and the annual financial statements for the fiscal year 2025, as well as the first quarter for the fiscal year 2026, and to determine their fees.

8. Voting on the business and contracts that have been conducted between the Company and Al Mutlaq Group Industrial Investment Company, in which Mr. Tariq Mutlaq Almutlaq has an indirect interest in it, which is an expense incurred on behalf of the company, the contract amount is SAR (446,619) annually, these contracts were concluded without conditions or preferential benefits (Attached).

9. Voting on the business and contracts that have been concluded between the Company and Ehata Financial Company, in which Mr. Rakan Abdullah Abunayyan has an indirect interest in it, which is financial advisory, the contract amounted SAR (36,800) annually, these contracts were concluded without conditions or preferential benefits (Attached).

10. Voting on the business and contracts that have been concluded between the Company and Al Safi Danone Company, in which Mr. Abdullah Ahmed Sultan AlShehri has an indirect interest in it, which is sales of bran, the contract amounted SAR (4,439,337) annually, these contracts were concluded without conditions or preferential benefits (Attached).

11. Voting on the business and contracts that have been concluded between the Company and Al Ghurair Resources, in which Mr. Essa Alghurair has an indirect interest in it, which is supply of feed ingredients, the contract amounted SAR (25,261,257) annually, these contracts were concluded without conditions or preferential benefits (Attached).

12. Voting on delegating to the Board of Directors the authorization powers 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 Implementing Regulation of the Companies Law for Listed Joint Stock Companies.

13. Voting on the amendment of Appendix 9 of the Corporate Governance Manual relating to (Remuneration Policy). (attached).

14. Voting on the addition of Appendix 12 of the Corporate Governance Manual relating to (Board Membership Policy). (attached).

15. Voting on the transfer of SAR 25,090,172 from the Retained Earnings Account to the General Reserve of the company Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders registered in Tadawulaty services have the right to vote electronically on the items of the assembly, starting at 1:00 am morning on Thursday 19/06/2025G, until the time of the assembly. Registration and voting in Tadawulaty services will be available and free for all shareholders using the following link: www.tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda 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 Business of the Meeting Agenda Ends upon the Counting Committee Concluding Counting the Votes. Method of Communication in Case of Any Enquiries We would like to inform all of our shareholders that there will be a live broadcast of the meeting through the link available on Tadawulaty.

If you have any inquiries, please directly contact our Investor Relations Department via a call on: 920010375 or via an email at: IR@firstmills.com Additional Information N/A Attached Documents  

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.