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Al Yamamah Steel Industries Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

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Introduction Al Yamamah Steel Industries Co. announces the results of the Ordinary General Assembly meeting that was held remotely using the modern visual and audio technology (remote voting) at 6:30 pm on Monday 03-07-1442 H corresponding to 15-02-2021, after completion the legal quorum. The meeting was held and the inquiries of the shareholders about the items of the meeting have been replied by the modern means of communication in accordance with the decision of the Capital Market Authority Board issued on 01-11-2020.
City and Location of the General Assembly's Meeting Remotely, using the modern means of visual and audio technology.
Date of the General Assembly's Meeting 2021-02-15 Corresponding to 1442-07-03
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 64.30 %
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1- Mr. Saad bin Ibrahim Al-Mojil

2- Mr. Raed bin Ibrahim Al- Mudaiheem

3- Mr. Muhanna bin Abdullah Al-Muhanna

4- Mr. Khaled bin Abdullah Al-Shami

5- Mr. Abdulhamid bin Abdulaziz Al-Ohaly

6- Mr. Adnan bin Abdurrahman Al-Mansour

7- Mr. Fouad bin Jwayed Al-Sherebi

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1- Abdulhamid bin Abdulaziz Al-Ohaly - Chairman of the Audit Committee

2- Adnan bin Abdurrahman Al-Mansour - Chairman of the Nominations and Remuneration Committee

3- Raed bin Ibrahim Al- Mudaiheem - Chairman of the Executive Committee

Voting Results on the Items of the General Assembly's Meeting Agenda's Attached.
Additional Information It has approved the appointment of PKF Al Bassam & Co. as an Auditor for the Company among the candidates based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the second and third quarters and the annual of 2021 and the first quarter of 2022 of the fiscal year and determine his fees.

Also, the Board of Directors’ recommendation was approved to distribute cash dividends amounted SAR 1.00 per share, at a rate of 10% of the share par value to shareholders for the Fiscal Year Ended 30-09-2020, total amount of cash dividends equals SAR 50,800,000 and total number of shares eligible for cash dividends is 50,800,000 shares. The eligibility of cash dividends will be to the shareholders who own shares at the end of trading session on the day of the General Assembly and enrolled in the company’s register at Securities Depository Center Company (Edaa) by the end of the second trading day following the due date. The cash dividends will be distributed on 25-02-2021 by bank transfer to the shareholders' investment accounts linked to their investment portfolios.

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The Capital Market Authority and the Saudi Stock 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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