Announcement of the Results of the First Board of Directors Meeting (Minutes) - MORS Holding Company - 25-06-2026
Date 2026/06/25

Announcement of the Results of the First Board of Directors Meeting (Minutes) - MORS Holding Company - 25-06-2026

Minutes of the First Board of Directors Meeting of MORS Holding Company

Held on Thursday, June 25, 2026 G (corresponding to 10/01/1448 AH) at 10:00 AM, Kingdom of Saudi Arabia time.

Based on the invitation extended by the Chairman of the Board of Directors to the shareholders of the company to attend the first Board of Directors meeting to discuss the agenda items, the Board of Directors meeting was held on Thursday, June 25, 2026 G (corresponding to 10/01/1448 AH) at 10:00 AM, Kingdom of Saudi Arabia time, chaired by the Chairman of the Board of Directors, Fahad Farooq Hakeem.

The Chairman announced the completion of the quorum required for the validity of the meeting, with member shareholders representing (100%) of the total members of the Board of Directors in attendance. Accordingly, the meeting is legally valid pursuant to Article (8) of the Companies Law. Ms. Rahaf Abdulaziz Al-Sayed was appointed as Secretary of the meeting. The Chairman then requested the Secretary to read the agenda items. Following that, the floor was opened for discussion, and the Chairman requested the members to vote on the agenda items. The voting results were as follows:

No. Agenda Items Percentage Approved Disapproved Decisions
1 Approval to sign a Non-Disclosure Agreement (NDA) with "iMENA" Company, which owns the Jeeny ride-hailing company and the Keshha application, in addition to its other projects, in order to enter as a partner (shareholder) in MORS Company and its projects. 100% ✓   Approved
2 Granting all powers to the Chairman of the Board of Directors, Fahad Farooq Hakeem, to discuss and negotiate in accordance with the powers granted to him under the company's Articles of Association. 100% ✓   Approved
3 All procedures and the outcome of the negotiations shall be subject to the approval of the shareholders through the General Assembly of the company. 100% ✓   Approved

Thus, all items on the agenda for the first meeting have been approved by the unanimous vote of the shares represented at the meeting.