Saudi Company for Hardware — Proxy Solicitation & Information Statement 2025

Dec 24, 2025

The Board of Directors of the Saudi Company for Hardware (SACO) invites shareholders to attend the Extraordinary General Assembly Meeting (First Meeting).

4008 · 24/12/2025 16:16:09 · Announcement #92233 · View on Saudi Exchange

The Board of Directors of the Saudi Company for Hardware (SACO) invites shareholders to attend the Extraordinary General Assembly Meeting (First Meeting).

Element List	Explanation
Introduction	The Board of Directors of the Saudi Company for Hardware (SACO) is pleased to invite the honorable shareholders to attend the General Assembly Meeting (the first meeting), which is scheduled to be held via modern technology, God willing, at exactly 07:00 PM on Wednesday, January 21, 2026.
City and Location of the General Assembly's Meeting	The company's headquarters in Riyadh - through modern technology
Hyperlink of the Meeting Location	Click Here
Date of the General Assembly's Meeting	2026-01-21 Corresponding to 1447-08-02
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	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 legal quorum for the Extraordinary General Assembly meeting is the presence of shareholders representing at least (50%) of the company’s capital, and if this quorum is not available in the first meeting, the second meeting will be held an hour after the expiration of the time limit for the first meeting, and the second meeting will be valid if It was attended by a number of shareholders representing at least (25%) of the company's capital.
General Assembly Meeting Agenda	1- Voting on the Company’s purchase of up to 224,448 of its own shares and holding them as treasury shares, as the Board of Directors believes that the market price of the shares is below their fair value. The purchase shall be financed from the Company’s own resources, using its cash balances and/or credit facilities. The Board of Directors shall be authorized to complete the purchase within twelve (12) months from the date of approval by the Extraordinary General Assembly, and the Company shall retain the purchased shares for a maximum period of five (5) years from the date of such approval. Upon expiry of this period, the Company shall comply with the procedures and controls prescribed under the applicable laws and regulations.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right	Honorable shareholders have the right to discuss the topics included in the agenda of the Extraordinary General Assembly and ask questions, Shareholders registered in Tadawulaty services can vote remotely electronically on the items of the assembly starting from (1:00 am) on Saturday 17-01-2026 until the end of the assembly.
Details of the electronic voting on the Assembly’s agenda	Registering for Tadawulaty Service and voting are free for all shareholders.

https://www.any-meeting.com Method of Communication in Case of Any Enquiries If any inquiries to please contact the Investor Relations Department through one of the following means Tel: 0114993500 Email: investors@saco-ksa.com 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.