Saudi Arabian Mining Co. — Proxy Solicitation & Information Statement 2026

Apr 12, 2026

The Board of Directors of Saudi Arabian Mining Company (Maaden) Invites its Shareholders to Attend the 14th Extraordinary General Assembly Meeting (First meeting) via modern technology means.

1211 · 12/04/2026 15:56:57 · Announcement #94348 · View on Saudi Exchange

The Board of Directors of Saudi Arabian Mining Company (Maaden) Invites its Shareholders to Attend the 14th Extraordinary General Assembly Meeting (First meeting) via modern technology means.

Element List	Explanation
Introduction	The board of directors of the Saudi Arabian Mining Company (Maaden) is pleased to invite its shareholders to participate and vote in the 14th Extraordinary General Assembly Meeting (the first meeting), which will be held on Sunday dated 16/11/1447H corresponding to 03/05/2026 at 6:30PM remotely through contemporary technology using the Tadawulaty platform.
City and Location of the General Assembly's Meeting	Through contemporary technology using the Tadawulaty platform (www.tadawulaty.com.sa), from Maaden's headquarter in Riyadh.
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-05-03 Corresponding to 1447-11-16
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 Extraordinary General Assembly meeting and in accordance with the laws and regulations. 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	According to Article (31) of Maaden's bylaws, the EGM will be quorate if attended by shareholders representing at least half (50%) of the share capital.
General Assembly Meeting Agenda	1. Review and discuss the Consolidated Financial Statements for the fiscal year ended on 31st December 2025. (attached)

2. Vote on the External Auditors report for the fiscal year ended on 31st December 2025. (attached)

3. Review and discuss the Board of Directors’ report for the fiscal year ended on 31st December 2025. (attached)

4. Vote to pay the amount of (SAR13,555,000) thirteen million five hundred fifty-five thousand Saudi Riyals as remuneration of the Board of Directors & Committees members for the fiscal year ended on 31st December 2025.

5. Vote on the businesses and contracts concluded during the fiscal year ended 31 December 2025 between Maaden and the Saudi Arabian Oil Company (Saudi Aramco), in which Board members H.E. Yasir O. Al‑Rumayyan (Non‑Executive Director) and Mohammed Al‑Qahtani (Non‑Executive Director) have an indirect interest. The transaction relates to a purchase agreement for raw materials and supplies, with a total value of SAR 4,050,545,646 (Four billion fifty million five hundred forty‑five thousand six hundred forty‑six Saudi Riyals), without preferential terms. (Attached)

6. Vote on the businesses and contracts concluded during the fiscal year ended 31 December 2025 between Maaden and the Saudi Basic Industries Corporation (SABIC), in which Board members H.E. Yasir O. Al‑Rumayyan (Non‑Executive Director) and Mohammed Al‑Qahtani (Non‑Executive Director) have an indirect interest. The transaction relates to a marketing agreement and dividends for Maaden Phosphate Company and Maaden Wa’ad Al‑Shamal Phosphate Company, with a total value of SAR 4,272,403,263 (Four billion two hundred seventy‑two million four hundred three thousand two hundred sixty‑three Saudi Riyals), without preferential terms. (Attached)

7. Vote on the businesses and contracts concluded during the fiscal year ended 31 December 2025 between Maaden and Alinma Bank, in which Board member H.E. Ahmed Abdulaziz Al‑Haqbani (Independent Director) has an indirect interest. The transaction relates to interest income earned on bank deposits, sukuk investments and loan borrowings, with a total value of SAR 133,502,290 (One hundred thirty‑three million five hundred two thousand two hundred ninety Saudi Riyals), without preferential terms, for General Assembly approval. (Attached)

8. Vote on the businesses and contracts concluded during the fiscal year ended 31 December 2025 between Maaden and the Public Investment Fund (PIF), in which Board member H.E. Yasir O. Al‑Rumayyan (Non‑Executive Director) has an indirect interest. The transaction relates to a Finance cost incurred on long term borrowings from PIF and principal repayments with a total value of SAR 372,308,554 (Three hundred seventy‑two million three hundred eight thousand five hundred fifty‑four Saudi Riyals), without preferential terms, for General Assembly approval. (Attached)

9. Vote on transferring the balance of the company’s statutory reserve, which amounts to SAR 157,732,649, as stated in the announced Annual Consolidated Financial Statements ended on 31 December 2025, to the Retained Earnings account.

10. Vote on delegating the Extraordinary General Assembly’s authorisation powers stipulated in paragraph (1) of Article (27) of the Companies Law to the Board of Directors for a period of one year effective from the date of approval of the General Assembly or until the end of the term of the delegated Board, whichever is earlier, pursuant to the terms set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.

11. Vote on delegating the Extraordinary General Assembly’s authorisation powers stipulated in paragraph (2) of Article (27) of the Companies Law to the Board of Directors for a period of one year effective from the date of approval of the General Assembly or until the end of the term of the delegated Board, whichever is earlier, pursuant to the terms set out in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. Proxy Form The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders are entitled to discuss matters listed in the agenda of the Extraordinary General Assembly and raise relevant questions, noting that the voting is available free of charge for all Shareholders via: http://tadawulaty.com.sa Details of the electronic voting on the Assembly’s agenda The shareholders who are registered in Tadawulaty Services will be able to remotely vote on the items of the Extraordinary General Assembly electronically starting from 01:00AM on Wednesday 12/11/1447H (corresponding to 29/04/2026G) until the end of the Assembly Meeting’s time. Registration and voting via Tadawulaty Services will be available and free of charge for all shareholders through the following link: www.tadawulaty.com.sa Method of Communication in Case of Any Enquiries If there are any enquiries regarding the General Assembly agenda, please contact the Governance and Market Compliance Department at:

Tel:

0112432085,

0112832093

E-mail:

MarketCompliance@maaden.com.sa Attached Documents  

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