Waterfront Real Estate Company will hold its ordinary general assembly on Wednesday, April 23, 2025, at 11:30 AM at its headquarters, to consider the items listed on its agenda as follows:

• Discussion of the resignation of the board members.
• Discussion of the election of a new Board of Directors for the next three years.
• Discussion of the Board of Directors' report on the company's activities, financial position, and results for the financial year ending December 31, 2024, and its approval.
• Discussion of the external auditor's report on the financial statements for the financial year ending December 31, 2024, and its approval.
• Discussion and approval of the financial statements for the financial year ending December 31, 2024.
• Review of any violations reported by the regulatory authority/authorities and any penalties imposed because of such violations leading to financial or non-financial sanctions on the company (if any).
• Review of the transactions conducted with related parties for the financial year ending December 31, 2024, and transactions planned for the financial year ending December 31, 2025, for approval.
• Review of the report on the benefits and perks provided to the board members, whatever their nature, for approval.
• Discussion of the Board's recommendation not to distribute dividends for the financial year ending December 31, 2024.
•  Discussion of authorizing the Board to distribute interim dividends (semi-annual or quarterly) and empowering it to determine the distribution percentage, provided that the distribution comes from actual profits and in accordance with generally accepted accounting principles and does not affect the company's paid-up capital.
• Discussion of the Board's proposal not to grant bonuses to board members for the financial year ending December 31, 2024.
• Discussion of granting permission to the chairman of the Board or any Board member to hold membership on the boards of two competing companies or to participate in any work that would compete with the company or engage on their own account or on behalf of others in any branch of the business conducted by the company for the year 2025, according to the provisions of Article 197 of Companies Law No. 1 of 2016.
• Discussion of granting permission for anyone represented on the Board or the chairman or any Board member or any executive management member or their spouses or second-degree relatives to have a direct or indirect interest in contracts or transactions made with the company or for its account for the year 2025, according to the provisions of Article 199 of Companies Law No. 1 of 2016.
• Discussion of authorizing the Board to buy or sell company shares not exceeding 10% of the total number of shares according to the provisions of Law No. 7 of 2010 and its executive regulations and any amendments.
• Discussion of granting releases to the Board members regarding their financial, administrative, and legal actions for the financial year ending December 31, 2024.
• Discussion of appointing or reappointing the company's auditor for the financial year ending December 31, 2025, and authorizing the Board to determine the auditor's fees.

It was clarified that if the required quorum for the validity of this meeting is not met, a second meeting of the ordinary general assembly will be held at the same location and for the same agenda on Wednesday, April 30, 2025, at 11:30 AM.