WSM 9595 0.00% 35.80 0.00 Element List Explanation Introduction WSM for Information Technology Co. announces to its Shareholder the results of the Extraordinary General Assembly meeting which includes the Increase of the company's capital (First Meeting) which was held at 19:00 on Wednesday 17/12/2025 in the company's main headquarters in Riyadh - Al-Malqa district, Imam Saud bin Faisal Road, using modern technology using Tadawulaty Services; after the completion of the quorum for the validity of the assembly City and Location of the Extraordinary General Assembly's Meeting The company's main headquarters in Riyadh - Al-Malqa district, Imam Saud bin Faisal Road, using modern technology using Tadawulaty Services Date of the Extraordinary General Assembly's Meeting 2025-12-17 Corresponding to 1447-06-26 Time of the General Assembly's Meeting 19:00 Percentage of Attending Shareholders 51.64% Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1. Mr. Fahad Ibrahim Alaboud - Chairman of the Board of Directors
2. Dr. Alanoud Mohammad Alqahtani - Vice Chairman and CEO
3. Ms. Amal Ayed Alotaibi - Board Member
4. Mr. Turki Abdulrahman Alatef - Board Member
5. Mr. Adel Saud Al Mansour - Board Member
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf 1. Ms. Amal Ayed Alotaibi - Chairman of the Audit Committee
2. Mr. Turki Abdulrahman Alatef - Chairman of The Nomination and Renumeration Committee
Voting Results on the Items of the General Assembly's Meeting Agenda's 1. Approval of the recommendation of the Board of Directors regarding the increase in the Company's capital by granting bonus shares to the Company's shareholders in accordance with the following:
* Capital before increase amounting is (21,450,000 SAR).
* Capital after increase is (28,600,000 SAR)
* Capital Increase Rate: 33.33%
* Number of shares before increase is (2,145,000) shares.
* Number of shares after the increase is (2,860,000) shares.
* Method of covering the increase: by capitalizing an amount of (7,150,000) Saudi Riyals from the balance of retained profits.
* Increase rate per share: (1) bonus share is granted for every (3) outstanding shares owned by the shareholders.
* Reasons for the increase: Strengthening its strategic growth plan, future expansion needs and aspirations, and emphasizing its financial adequacy and strong financial position.
* Amending Article (7) of the Company's Articles of Association related to (Capital). (Attached) Amending Article (8) of the Company's Articles of Association related to (Subscription of Shares).
* In the event of approval of the item, the eligibility date of the bonus shares for the shareholders of the company who own the shares will be on the day of the Extraordinary General Assembly and registered in the company's shareholders' register with the Edaa Center Company at the end of the second trading day following the maturity date.
* In the event of fractional shares, they will be aggregated into a single portfolio for all shareholders, sold at the market price, and then distributed to the shareholders entitled to the grant, each according to their share, within a period not exceeding 30 days from the date of determination of the shares due to each shareholder.
2. Voting on the amendment of Article (27) of the Company's Articles of Association related to (Additional Powers of the Board of Directors).
3. Voting on the participation of the Board of Directors, Mr. Adel bin Saud Al-Mansour, in a business competing with the company's business