Based on the Chairman’s invitation, Morse Holding Company announces its invitation to the shareholders to attend the First Extraordinary General Assembly Meeting via the Iqrar Platform (modern technology) on Sunday, 29/6/2025.

Agenda:

- Amend Article 6 (Capital): Reduce nominal share value from SAR 10 to SAR 1, and increase the number of shares from 50,000 to 500,000.
- Amend Article 8 (Company Management): Reduce number of Board members from 5 to 3.
- Amend Article 11 (Board Compensation): Allow compensation as a percentage of net profit, meeting attendance fee, fixed amount, or as determined by the General Assembly. Compensation set at SAR 100,000 with a maximum of SAR 350,000.
- Accept resignations of Board members.
- Reconstitute the Board of Directors.
- Approve contract with Morse Business Services (owned by related party Dr. Fahd Farouk Hakim) to manage Morse Holding’s operations via their staff at a fixed monthly amount of SAR 20,000, effective 01/07/2025.
- Terminate operation of Iqrar Platform (CR 7043114656), registered under related party Dr. Fahd Farouk Hakim, in which Morse Holding owns 75%. To be converted into an LLC.