Mobile Telecommunications Company Saudi Arabia (Zain) announces that the company held its Ordinary General Meeting (OGM) on 28 May 2018 at 23:00 in the Media Center of Tadawul, King Fahd Road, Taawuniya Towers (Northern Tower), Riyadh. After the required quorum was formed recording an attendance percentage of (50.42%) of total company capital, the OGM reviewed the agenda items and based on the voting results, the OGM resolved the following:

1- Approved the Board of Directors report for the financial year ended 31 December 2017.

2- Approved the auditors report for the financial year ended 31 December 2017.

3- Approved the financial statements for the financial year ended 31 December 2017.

4- Approved the appointment of Grand Thornton (Aldar Audit) as the external auditor for the Company among nominees to review and audit the Company annual and quarterly financial statements from the second, third, fourth quarters and annual of the year 2018 and the first quarter of the 2019 and determine their fees.

5- Approved the service contract between Zain KSA and Almarai Company where HH Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer, Chairman of Zain KSA has an indirect interest as he is a member of the Board of Directors of Almarai Company. For telecommunication services that reached a total value of SAR 973,260.76 during 2017, and to authorize it for the coming year, according to prevailing market commercial terms, without preferred conditions.

6- Approved releasing the Board of Directors members from their liability for the financial year ending 31 December 2017.

7- Approved the total remuneration of SAR 3,675,000 for the members of the Board of Directors and its committees for the financial year ended 31 December 2017, each Board member shall receive an amount of SR 375,000 and each committee member shall receive an amount of SAR 50,000.