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Fawaz Abdulaziz Alhokair Co. Announces the Results of the Ordinary General Assembly Meeting, ( First Meeting )

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Introduction Fawaz Abdulaziz Alhokair & Co. is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held by means of modern technology (remote communication) using Tadawulaty system. And that is based on the Capital Market Authority’s circular stipulating that the assemblies of listed joint-stock companies should be held by means of modern technology remotely and suspend assemblies in presence until further notice, in order to ensure the safety of people in the financial market and to support the efforts and preventive and precautionary measures taken by the competent and relevant health authorities to limit the new corona virus (COVID-19), and an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly's Meeting The city of Riyadh in the Company's building in the commercial center "U-walk."
Date of the General Assembly's Meeting 2020-09-21 Corresponding to 1442-02-04
Time of the General Assembly's Meeting 18:30
Percentage of Attending Shareholders 74.9
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees The following Board Members attended the meeting:

- Omar Abdulaziz Almuhammdi

- Abdulmajeed Abdullah Albasri

- Eid Faleh Alshamri

- Basim Abdullah Alsalloom

- Khalid Waleed Alshakhsheer

Where the following did not attend:

- Fawaz Abdulaziz Alhokair

- Abdulmajeed Abdulaziz Alhokair

- Ahmad Saleh Alsultan

- Mansour Abdulwahhab Qadi

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf The Chairman of the Executive Committee:

Omar Abdulaziz Almuhammadi

The Chairman of the Audit Committee:

Eid Faleh Alshamri

The Chairman of the Nominations and Remunerations Committee:

Khalid Waleed Alshakhsheer

Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approval on the Board of Directors’ report for the fiscal year ending on 3/31/2020.

2. Approval on the auditor's report of the Company for the fiscal year ending on 3/31/2020.

3. Approval on the financial statements of the Company for the fiscal year ending on 3/31/2020.

4. Approval on the appointment of (KPMG) as the auditor of the Company, from among the candidates based on the recommendation of the audit committee, to examine, review and audit the financial statements for the first, second, third, fourth and annual quarters of the fiscal year 2020-2021G, and determine their fees.

5. Approval on absolving the members of the Board of Directors from liability for the fiscal year ending on 3/31/2020.

6. Approval on disbursing an amount of 2,160,000 SAR as a bonus to the members of the Board of Directors for the fiscal year ending on 3/31/2020.

7. Approval on the business and contracts that have been concluded between the Company and the Arabian Centers Company, in which members of the Board of Directors Abdulmajeed Abdulaziz Alhokair and Omar Abdulaziz Almohammadi have a direct interest in, and in which members of the Board of Directors Sultan Fawaz Alhokair and Fahad Salman Alhokair have an indirect interest, and to be licensed for the next year, regarding rentals, according to the prevailing market prices, noting that the amounts of works and contracts that were concluded during the year ending on March 31, 2020 G are 362,470,264 SAR.

8. Approval on the business and contracts concluded between the Company and the Food and Entertainment Company, in which members of the Board of Directors, Abdulmajeed Abdulaziz Alhokair and Omar Abdulaziz Almohammadi, have a direct interest, and in which members of the Board of Directors Sultan Fawaz Alhokair and Fahad Salman Alhokair have an indirect interest, regarding capital expenditure for operations expansion and opening of new locations, according to the prevailing market prices, at an amount of 17,049,746 SAR.

9. Approval on the business and contracts that have been concluded between the Company and the Saudi Fas Holding Company, in which members of the Board of Directors, Abdulmajeed Abdulaziz Alhokair and Omar Abdulaziz Almuhammadi, have a direct interest, and in which members of the Board of Directors Sultan Fawaz Alhokair and Fahad Salman Alhokair have an indirect interest and to be licensed for the next year, regarding constructions and decorations, according to the prevailing market prices, at an amount of 109,284,003 SAR.

10. Approval on the business and contracts that have been concluded between the company and Al-Farida Company for Commercial Agencies (70% owned by the Company) in which a member of the Board of Directors Abdulmajeed Abdulaziz Alhokair has a direct interest, and to be licensed for the next year, regarding business and service expenses according to the prevailing market prices, at an amount of 1,218,056 SAR.

11. Approval on the business and contracts that have been concluded between the Company and Nujoom Arena Trading Company (electronic commerce) in which a member of the Board of Directors Abdulmajeed Abdulaziz Alhokair has a direct interest, and in which members of the Board of Directors; Omar Abdulaziz Almohammadi, Sultan Fawaz Alhokair and Fahad Salman Al-Hokair have an indirect interest, regarding revenues, according to the prevailing market prices, at an amount of 203,903 SAR.

12. Approval on the business and contracts that have been concluded between the company and Hajen Company, in which members of the Board of Directors, Abdulmajeed Abdulaziz Alhokair, Omar Abdulaziz Almuhammadi, Sultan Fawaz Alhokair and Fahad Salman Alhokair, have an indirect interest, and to be licensed for it for the next year, regarding printing and advertising, according to the prevailing market prices, provided that the amounts businesses and contracts that were completed during the year ending on March 31, 2020 AD are 5,554,694 SAR.

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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