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Watani Iron Steel Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the (First Meeting) In person and via modern technology
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Watani Iron and Steel Company is pleased to invite the esteemed shareholders to attend the Ordinary General Assembly meeting (first meeting) in person and through modern technological means using the Tadawulati system, God willing, at exactly 07:45 pm on Sunday, 01/13/1448 AH, corresponding to 06/28/2026 AD. |
| City and Location of the General Assembly's Meeting | Company headquarters - Riyadh - Old Kharj Road - Hit District In person and via modern technology |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-06-28 Corresponding to 1448-01-13 |
| Time of the General Assembly’s Meeting | 19:45 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and 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 Ordinary General Assembly meeting shall be valid if attended by shareholders representing at least half of the company’s capital. |
| General Assembly Meeting Agenda | 1) Review and discuss the Board of Directors' report for the fiscal year ending December 31, 2025. 2) Vote on the company's auditor's report for the fiscal year ending December 31, 2025, after discussion. 3) Review and discuss the company's financial statements for the fiscal year ending December 31, 2025. 4) Vote on the discharge of the Board of Directors from liability for the fiscal year ending December 31, 2025. 5) Vote on the participation of the Chairman of the Board, Mr. Meshal Abdulkarim Mohammed Al-Rajhi, in a business that competes with the company's business (attached). 6) Vote on the participation of Board member Mr. Meshari Abdulkarim Mohammed Al-Rajhi in a business that competes with the company's business (attached). 7) Vote on the election of Board members from among the candidates for the upcoming term, which begins on July 2, 2026, and lasts for four years, ending on July 1, 2030 (CVs attached). For candidates) |
| Proxy Form |  |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The right to register attendance at the general assembly meeting ends at the time of the meeting, and the right to vote on the items of the assembly for those present ends when the counting committee finishes counting the votes. Shareholders have the right to discuss the topics listed on the agenda of the assembly and to ask questions. |
| Details of the electronic voting on the Assembly’s agenda | Shareholders registered with Tadawulaty services will be able to vote remotely on the General Assembly agenda items starting at 1:00 AM on Wednesday, June 24, 2026, until the end of the General Assembly meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders via the following link: www.tadawulaty.com.sa |
| Method of Communication in Case of Any Enquiries | If you have any questions about the general assembly's agenda, please contact the Shareholder Relations Department directly at 0112524477 (during official business hours) or email at yalmarzooq@watanisteel.sa. |
| 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.
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