Announcement of the Results of the First Annual Extra Ordinary General Assembly Meeting (Minutes) - MORS Holding Company - 29-06-2025
Date 2025/06/30

Announcement of the Results of the First Annual Extra Ordinary General Assembly Meeting (Minutes) - MORS Holding Company - 29-06-2025

Based on the invitation extended by the Chairman of the Board of Directors to the Company's shareholders to attend the First Annual Extraordinary General Assembly Meeting to discuss the agenda items of the Extraordinary General Assembly, the Extraordinary General Assembly Meeting was held via the Eqrar platform on Sunday, 29/06/2025, at exactly 10:00 AM, chaired by the Chairman of the Board of Directors, Dr. Fahad Farooq Hakeem. He announced the completion of the quorum required for the validity of holding the Assembly, as shareholders representing (50,000) shares, accounting for (100%) of the Company's total capital of (50,000) shares, attended. Therefore, the holding of the Assembly is valid in accordance with Article (61) of the Companies Law. Ms. Reham Hatem Anbar was appointed as Secretary of the Assembly. The Chairman then requested the Assembly Secretary to read the agenda items, after which discussions were opened, and the Chairman asked the shareholders to vote on the agenda items. The voting results were as follows:

Item Items Number of Shares Percentage Decision Result
1 Amending Article Six (Capital) of the Bylaws: reducing the nominal value of the share from 10 SAR to 1 SAR, thereby changing the number of the Company's shares from 50,000 shares to 500,000 shares. 50000 100% Approved
2 Amending Article Eleven (Remuneration of Board Members) of the Bylaws: Board remuneration shall be a percentage of net profits, an attendance allowance per session, a fixed amount, or as determined by the Ordinary Assembly, provided that the Board of Directors' remuneration value shall be 100,000 SAR, up to a maximum of 350,000 SAR. 50000 100% Approved
3 Amending Article Eight (Management of the Company) of the Bylaws: by amending the number of Board of Directors members from 5 members to 3 members. 50000 100% Approved
4

Accepting the resignation of the Board of Directors members:


1- Atheer Saleh Al-Qurashi (Vice Chairman of the Board of Directors)


2- Faisal Fahad Hakeem (Board Member)


3- Rawan Fahad Hakeem (Board Member)


4- Tahani Tawfiq Al-Mahmadi (Board Member)

 49000 100% Approved
5

Reconstituting the members of the Board of Directors:


1- Dr. Fahad Farooq Hakeem - Chairman of the Board of Directors


2- Faisal Fahad Hakeem - Vice Chairman of the Board of Directors


3- Mohammed Farooq Hakeem - Board Member

 50000 100% Approved
6 Approving the contract with Mors Business Services Establishment, owned by a related party, Dr. Fahad Farooq Hakeem, regarding the management of Mors Company's operations through the employees of the Business Services Establishment for a fixed monthly amount of 20,000 SAR, starting from 01/07/2025. 2000 100% Approved
7 Terminating the operation of Eqrar Platform Establishment under Commercial Registration No. 7043114656, registered in the name of a related party, Dr. Fahad Farooq Hakeem, in which Mors Holding Company owns a 75% stake in the project, provided that it is converted into a Limited Liability Company during the upcoming period. 2000 100% Approved

The meeting concluded at exactly 10:30 AM, where the Chairman of the Assembly thanked all attendees for their participation and attendance.