First Avenue Shareholders Approve Capital Increase Proposal

FIRST AVENUE

FIRST AVENUE

9610.SA

0.00

On June 16, 2026, First Avenue for Real Estate Development Co. announced the results of its Extraordinary General Assembly Meeting held on June 15, 2026, at the company's Riyadh headquarters and remotely via modern technology. The meeting, which commenced at 19:15, achieved a shareholder attendance rate of 80.28% and focused on approving a capital increase proposal. Five of the six Board of Directors members attended, with Chairman Hassan bin Attallah Al-Amri being absent, while Vice Chairman and CEO Nader Hassan Alamri led the proceedings along with other board members and committee chairmen.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96132&anCat=1&cs=9610&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/23214_6346_2026-06-16_09-35-43_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/23214_6346_2026-06-16_09-35-51_en.pdf

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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