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May 21, 2026

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Waja Company Announces to Its Shareholders the Invitation to Attend the Ordinary General Assembly Meeting — First Meeting

The Board of Directors of Waja Company is pleased to invite the esteemed shareholders to participate and vote in the Ordinary General Assembly Meeting, the first meeting, which is scheduled to be held, God willing, through modern technology means at 07:45 PM on Tuesday 08/01/1448H, corresponding to 23/06/2026G.

The meeting will be held from the Company’s headquarters in Riyadh, King Fahd Road – Al Anoud Tower 2, through modern technology means.

Shareholders registered in the Company’s shareholders register at the Securities Depository Center by the end of the trading session preceding the General Assembly Meeting shall have the right to attend, in accordance with the applicable laws and regulations. Each shareholder shall also have the right to appoint, by proxy, another person who is not a member of the Board of Directors.

The right to register attendance for the General Assembly Meeting shall end at the time the meeting convenes. The right to vote on the Assembly’s agenda items for attending shareholders shall end once the vote counting committee completes the counting of votes.

In accordance with Article 28 of the Company’s Articles of Association, the Ordinary General Assembly Meeting shall be valid only if attended by shareholders representing at least half of the Company’s shares with voting rights. If the quorum required for the first meeting is not met, a second meeting shall be held one hour after the end of the period specified for convening the first meeting, and the second meeting shall be valid regardless of the number of shares with voting rights represented therein.

The agenda of the Assembly includes the following items:

1. Voting on the Company’s external auditor’s report for the fiscal year ended 31 December 2025, after discussing it.
2. Reviewing and discussing the Board of Directors’ report for the fiscal year ended 31 December 2025.
3. Reviewing and discussing the financial statements of the Company for the fiscal year ended 31 December 2025.
4. Voting on discharging the members of the Board of Directors from liability for the fiscal year ended 31 December 2025.
5. Voting on appointing the Company’s external auditor from among the candidates, based on the recommendation of the Audit Committee, to examine, review, and audit the interim financial statements for the second and third quarters of fiscal year 2026, the annual financial statements for the fiscal year ending 31 December 2026, and the interim financial statements for the first quarter of fiscal year 2027, and determining the auditor’s fees.
6. Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year ending 31 December 2026.
7. Voting on authorizing the Board of Directors with the authority of the Ordinary General Assembly to grant the license set forth in Paragraph 1 of Article 27 of the Companies Law, for a period of one year from the date of the General Assembly’s approval or until the end of the authorized Board term, whichever is earlier, in accordance with the conditions stipulated in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
8. Voting on the business and contracts concluded between the Company and Water Treatment Works Company, in which the Chairman of the Board, Mr. Ibrahim Abdullah Abdulsalam, has an indirect interest. These transactions consist of financing, and began in 2022. The value of transactions during 2025 amounted to SAR 501,000 as credit transactions. These transactions are carried out in accordance with prevailing commercial terms and without any preferential conditions.
9. Voting on the business and contracts concluded between the Company and the Chairman of the Board, Mr. Ibrahim Abdullah Abdulsalam, in which he has a direct interest. These transactions consist of shareholder financing, and began in 2023. The value of transactions during 2025 amounted to SAR 8,890,000 as debit transactions and SAR 29,424,000 as credit transactions. These transactions are carried out in accordance with prevailing commercial terms and without any preferential conditions.
10. Voting on the participation of the Chairman of the Board, Mr. Ibrahim Abdullah Abdulsalam, in a business that competes with the Company’s business.

The esteemed shareholders shall have the right to discuss the items listed on the agenda of the Ordinary General Assembly and raise questions.

Shareholders registered in Tadawulaty services will also be able to vote electronically and remotely on the Assembly’s agenda items, starting from 01:00 AM on Friday 04/01/1448H, corresponding to 19/06/2026G, until the end of the Assembly meeting. Registration and voting through Tadawulaty services are available free of charge to all shareholders via the following link: www.tadawulaty.com.sa

For any inquiries, we are pleased to receive your communication through Investor Relations via the following channels:

Telephone: 0112217777

Email: s.alenazi@waja.com.sa

To view the announcement details on the Saudi Exchange website:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95651&anCat=1&cs=9560&locale=en