Saudi Vitrified Clay Pipes Co. Announces the Results of the Ordinary General Assembly Meeting (Second Meeting)

Monday, 11 August 2025
Element ListExplanation
Introduction The Board of Directors of the Saudi Vitrified Clay Pipe Company is pleased to announce the results of the Ordinary General Assembly Meeting (Second Meeting), which was held on Tuesday, 22-11-1446H corresponding to 20-05-2025 at 20:30 via modern technology means.
City and Location of the General Assembly's Meeting Riyadh - The company's main headquarters - via modern technology (remotely)
Date of the General Assembly's Meeting 2025-05-20 Corresponding to 1446-11-22
Time of the General Assembly’s Meeting 20:30
Percentage of Attending Shareholders 13.6%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board Members attended the meeting:

1. Dr. Saad Saud Al-Sayari

2. Mr. Abdullah Suleiman Al-Dubaan

3. Dr. Moayad Issa Al-Qurtas

4. Mr. Sulaiman Nasser Jubran Al-Hatlan

5. Dr. Ahmed Othman Al-Qasabi

6. Mr. Sulaiman Ali Al-Dakhil

And the following director of bord did not attend the ordinary general assembly meeting:

1.Prince Faisal bin Abdulaziz bin Faisal Al Saud
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1- Suliman Nasser Gobran Alhatlan (Chairman of the Audit Committee)

2- Suliman Nasser Gobran Alhatlan (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly's Meeting Agenda's The Board of Directors’ report for the fiscal year ending 31-12-2024 was reviewed and discussed.

2. The financial statements for the fiscal year ending 31-12-2024 were reviewed and discussed.

3. Approval of the company's auditor’s report for the fiscal year ending 31-12-2024 after discussion.

4. Approval of the appointment of Al-Zoman, Al-Fahad & Al-Hijjaj Company as the external auditor from among the nominated firms, based on the Audit Committee's recommendation, to examine, review, and audit the financial statements for the second, third, and annual quarters of the fiscal year 2025, and the first quarter of the fiscal year 2026, for a fee of SAR 320,000 (three hundred and twenty thousand Saudi Riyals).

5. Approval of the Board Membership Policy.

6. Approval of the Audit Committee Charter.

7. Approval of the Nomination and Remuneration Committee Charter.

8. Approval of the Remuneration Policy for the Board Members, its Committees, and Executive Management.

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.