Company PROFILE 

 

Company Overview 

The Company provides technical and technological consulting services in the fields of telecommunications, information technology and human resources services required for these fields, management of projects, sales, and call centers. In particular, the Company provides the customer needs of personnel in the telecommunication and information technology fields.

 

Company History 

Saudi Networkers Services Company was established as a limited liability company with Commercial Registration number (1010173733) issued in Riyadh on 19/11/1422H (corresponding to 02/02/2002G).

COMPANY DOCUMENTS 

Company ByLaws
Conflict of interest policy
Professional Conduct and Ethical values policy
Complaints and Whistleblowing policy
Standards and Procedures for membership of the BODs

BOARD OF DIRECTORS 

  • Bd Session Start
    2021-10-14
    Designation
    Chairman
  • Bd Session End
    2026-10-13
    Classification
    Non-Executive
  • Qualification
    -.
  • Bd Session Start
    2021-10-14
    Designation
    Managing Director
  • Bd Session End
    2026-10-13
    Classification
    Executive
  • Qualification
    Bachelor of Science in Electrical Engineering – King Fahd University of Petroleum and Minerals, Dhahran, Kingdom of Saudi Arabia, 1995G.
  • Bd Session Start
    2021-10-14
    Designation
    Board of Directors
  • Bd Session End
    2026-10-13
    Classification
    Non-Executive
  • Qualification
    Bachelor of Electronic Engineering, University of Wisconsin, USA, 1982G. Master of Electronic Engineering – University of Wisconsin, USA, 1984G.
  • Bd Session Start
    2021-10-14
    Designation
    Board of Directors
  • Bd Session End
    2026-10-13
    Classification
    Non-Executive
  • Qualification
    Bachelor of Accounting, King Abdulaziz University Jeddah 1990G Master of Science in Accounting King Saud University Riyadh 1997G. Ph.D. in Financial Accounting and Audit – University of Kent Canterbury United Kingdom 2005G.
  • Bd Session Start
    2021-10-14
    Designation
    Board of Directors
  • Bd Session End
    2026-10-13
    Classification
    Non-Executive
  • Qualification

    Bachelor of Chemistry – King Saud University, Riyadh Diploma and Certificate in Membership of the GCC Board Institute Certificate of Performance from the International Institute for Management Development, Switzerland. Certificate in Strategic Management in Banking from INSEAD Graduate School France

SENIOR EXECUTIVES 

  • Bd Session Start
    2025-04-30
    Designation
    Acting CEO
  • Bd Session End
    –
    Classification
    Executive
  • Qualification
    Bachelors degree in AccountingnnAlIsraa private university Amman Jordan 2004G.
  • Bd Session Start
    2024-04-01
    Designation
    CFO
  • Bd Session End
    –
    Classification
    Executive
  • Qualification
    Bachelors degree in AccountingnnAlIsraa private university Amman Jordan 2004G.

FINANCIALS AND Reports 

2025 2024 2023 2022
Annual
Semi-Annual
Board Report 2024
Board Report 2023
Board Report 2022
Audit Committee Report 2024

ANNOUNCEMENTS 

Element ListExplanation
Introduction Saudi Networkers Services Co announces the results of its Ordinary General Assembly meeting (First Meeting) held on Wednesday 16/04/1447H corresponding to 08/10/2025G at 18:30 p.m. using the Tadawulaty system.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
Date of the General Assembly’s Meeting 2025-10-08 Corresponding to 1447-04-16
Time of the General Assembly’s Meeting 18:30
Percentage of Attending Shareholders 76.28 %
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees The Ordinary general assembly meeting was attended by the following board members:

– Eng. Osama Mohammed Abdulaziz Alsabeg (Vice Chairman and Managing Director)

– Dr. Abdullah Al-Hussaini

– Mr. Adel Mallawi

With the absence of :

– Mr. Abdulmohsen Ibrahim Abdulaziz AlTouq (Chairman of the Board of Directors)

– Eng. Al-Walid Abdul Razzaq Saleh Al-Deraian
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf – Dr. Abdullah Al-Hussaini (Chairman of the Audit Committee)

– Eng. Osama Mohammed Abdulaziz Alsabeg (Member of the Nomination & Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s Approval on the election of Board members from among the candidates for the upcoming term, which will begin on 14/10/2025 and last for Four years, ending on 13/10/2029.

The following members were elected:

1- Abdulmohsen Ibrahim Abdulaziz AlTouq

2- Eng .Osama Mohammed Abdulaziz Alsabeg

3- Dr. Abdullah Al-Hussaini

4- Dr. Mohammed Abdulkarim Almohimeed

5- Mohammed Samir Ghonaim

6- Mussab Hussain Alkhudairi

Element ListExplanation
Announcement Detail The Board of Directors of Saudi Networkers Services Company resolved on 03/04/1447H (corresponding to 25/09/2025G) to approve the company’s transition from the Parallel Market (Nomu) to the Main Market (TASI), and to commence fulfilling the applicable requirements and coordinating with the relevant authorities to obtain the necessary approvals for the transfer to the Main Market.

The transfer to the Main Market is subject to the approval of the Saudi Capital Market Authority and conditional upon meeting all the applicable requirements. Any material developments regarding the event will be announced as they occur.

Element ListExplanation
Introduction Saudi Networkers Services Company announces the decision of its Board of Directors on 08-09-2025 to recommend to increase the company’s capital by 25%, by granting bonus shares through capitalizing SAR 15,000,000 from the retained earnings account. This will be done by granting 1,500,000 bonus shares to shareholders by granting (1) bonus share for every (4) share owned by shareholders.
Date of Board Meeting 2025-09-08 Corresponding to 1447-03-16
Capital before increase 60,000,000 SAR
Capital after increase 75,000,000 SAR
Percentage of Capital increase 25 %
Number of shares before Capital increase 6000000
Number of shares after Capital increase 7500000
Reasons for the increase The company aims to increase its capital to support its strategic growth plan, future expansion needs and aspirations, and to confirm its financial solvency and strong financial position
Number of Shares Granted per Exiting Share One (1) share will be granted to each shareholder who owns four (4) shares
Nature and Value of Reserves Used in the Capitalization The increase will be made by capitalizing an amount of (15,000,000) fifteen million riyals from the retained earnings account
Eligibility Date Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date
Fractional Shares In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the bonus, each according to their share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder
Approvals The grant is conditional upon obtaining the approvals of the official authorities and approval of the Capital Market Authority and the extraordinary general assembly for the increase in capital and the number of shares granted

Element ListExplanation
Introduction Saudi Networkers Services Company announces the Board of Directors’ resolution issued on 08-09-2025, approving the distribution of cash dividends to shareholders for the first half of the fiscal year 2025.
Date of the board’s decision 2025-09-08 Corresponding to 1447-03-16
The Total amount distributed 12,000,000 SAR
Number of Shares Eligible for Dividends 6,000,000 Shares
Dividend per share 2 SAR Per Share
Percentage of Dividend to the Share Par Value (%) 20
Eligibility date 2025-09-11 Corresponding to 1447-03-19
Distribution Date 2025-09-25 Corresponding to 1447-04-03
The name of other official authorities and the details of their non-refusal to the recommendation or decision None
Additional Information For more information, please contact Investor Relation Department via 00966112939595 or by email ir@saudinetworkers.com.

Element List Explanation
Introduction The Board of Directors of Saudi Networkers Services Co is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held via modern technology, at (18:30) on Wednesday 08/10/2025G Corresponding to 16/04/1447H.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly’s Meeting 2025-10-08 Corresponding to 1447-04-16
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly’s Meeting In order for this assembly to be valid, a number of shareholders representing at least 50% of the capital is required. If such quorum is not available at the first meeting, a second meeting shall be held one hour after the end of the first meeting period. The second meeting shall be valid regardless of the number of shares represented therein.
General Assembly Meeting Agenda Voting on the election of Board members from among the candidates for the upcoming term, which will begin on 14/10/2025 and last for Four years, ending on 13/10/2029. (Attached are the candidates’ resumes.).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the matters listed on the agenda of the General Assembly and raise relevant questions, noting that Voting is free of charge to all shareholders by using the following link: www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start at [1]AM on [13]/[04]/1447H (corresponding to [05]/[10]/2025G). and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: [www.tadawulaty.com.sa].
Method of Communication in Case of Any Enquiries For inquiries, please contact Investor Relations department: – Email: [ir@saudinetworkers.com] – Phone: [00966112939595]
Attached Documents
 

Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 297,247,386282,210,0945.328
Net profit (Loss) 20,598,56419,727,2214.416
Total Shareholders Equity (after Deducting Minority Equity) 110,699,435105,824,7564.606
Profit (Loss) per Share 3.43.3
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value ––
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenues amount to 297.25 million Saudi riyals, compared to 282.21 million Saudi Riyals in the same period last year, with increase of 15.04 million Saudi riyals represent 5.33%.

The reason for increase in revenue is due to increase in business activities with the existing customers and addition of new customers.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The gross profit amount to 40.12 million Saudi riyals, compared to 37.70 million Saudi riyals in the same period last year, with increase of 2.42 million Saudi riyals, represent 6.42%.

The net profit amount to 20.60 million Saudi riyals, compared to 19.73 million Saudi riyals in the same period last year, with increase of 0.87 million Saudi riyals, represent 4.42%.

The total comprehensive income amount to 20.60 million Saudi riyals, compared to 19.73 million Saudi riyals in the same period last year, with increase of 0.87 million Saudi riyals, represent 4.42%.

The increase in net profit for the period ended 30 June 2025 is due to growth in revenue and improvement in profit margin.

The increase in net profit has resulted in an increase in earnings per share to SAR 3.4 compared to SAR 3.3 in the same period last year.

Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items Certain comparative figures have been reclassified to reflect the proper presentation and to conform to the current period’s presentation. For more information refer to note 17 to the condensed consolidated interim financial statements.
Additional Information • Revenue has shown growth of 5.33% over the same period last year maintaining the company’s historical growth trends.

• The company has reported Total Equity of SAR 110.73m compared to SAR 105.90m in the same period last year i.e. an increase of over 4.56%.

The condensed consolidated interim financial statements of the group as at and for the six-month period ended 30 June 2024, and the consolidated financial statements of the group for the year ended 31st December 2024, except for the adjustments described in Note (17) to the condensed interim financial statements were reviewed / audited by another auditor who expressed an unmodified opinion on these financial statements.

Element List Explanation
Introduction Saudi Networkers Services Co is pleased to announce the opening of the nomination for membership of the Board of Directors for the next term starting on 14/10/2025 and ending on 13/10/2029 (for a period of four Gregorian years). The Nomination shall be applied in accordance with the provisions of the Companies’ Law, the Corporate Governance Regulations issued by the Capital Market Authority, and the Criteria and Procedures Policy for Nomination to the Board of Directors approved by the General Assembly. Candidates wishing to nominate themselves for membership in the Board of Directors, who meet the conditions and standards for membership, must submit their nomination requests within the specified period and in accordance with the details contained in this announcement. The nominated candidates will be elected at the next General Assembly meeting, which will be announced later after obtaining the necessary approvals from the competent authorities.
Type of Assembly New Session
Term Start Date 2025-10-14
Term End Date 2029-10-13
Number of members 6
Nomination Start Date 2025-07-02 Corresponding to 1447-01-07
Nomination End Date 2025-08-04 Corresponding to 1447-02-10
Applications Submission Method Nomination applications, their attachments and the forms shall be sent before the end of the nomination period as stated in the announcement to the following E-mail ir@saudinetworkers.com. For more information, please contact Investor Relations Department via Phone: 00966112939595.
Policy and criteria of nomination The candidate must fulfill all the conditions and criteria for the Board of Directors membership in accordance with the relevant laws and regulations, the Criteria and Procedures Policy for Nomination to the Board of Directors of Saudi Networkers Services Co approved by General Assembly (attached). The Nominee shall submit the following requirements during the specified announcement period: 1. The candidate must submit a signed letter addressed to Saudi Networkers Services Co Nomination and Remuneration Committee expressing the candidate’s interest in being a Board member, accompanied by a curriculum vitae, qualifications and experience in Saudi Networkers Services Co business, and the relevant forms and regulatory requirements. 2. To submit a statement stating current membership in the board of directors of other joint-stock companies (listed on non-listed) or any other company, regardless of its legal form or the committees deriving from it. 3. To submit a statement about the companies or entities in which the candidate participates in their management or ownership and engages in activities similar to Saudi Networkers Services Co business. 4. To submit a signed copy of Form No. (3) issued by the Capital Market Authority for board membership nominations (attached). 5. To submit Form No. (1), which includes the resume in both Arabic and English (attached). 6. To submit a copy of his/ her national ID card, family card (if any), resident permit (Iqama), passport copy for non-Saudi candidates, and any other relevant documents required by SNS to fulfill regulatory requirements. The Nominations and Remuneration Committee shall review the applications of candidates submitted to it, noting that voting in the General Assembly is limited to those who have nominated themselves for membership in the Board of Directors in accordance with the criteria and standards set forth in the policy and criteria of nomination.
Attachment of the CMA approved resume for the nominees for board memberships in the joint-stock companies listed on the Saudi Exchange
Attached Documents

Element ListExplanation
Introduction Saudi Networkers Services Co announces the results of its Ordinary General Assembly meeting (First Meeting) held on Sunday 20/11/1446H corresponding to 18/05/2025 at 18:30 p.m. using the Tadawulaty system.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
Date of the General Assembly’s Meeting 2025-05-18 Corresponding to 1446-11-20
Time of the General Assembly’s Meeting 18:30
Percentage of Attending Shareholders %77.09
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees The Ordinary general assembly meeting was attended by the following board members:

– ¬Eng. Osama Mohammed Abdulaziz Alsabeg (Vice Chairman and Managing Director)

– ¬Mr. Adel Mohammed Ali Mallawi

– ¬Dr. Abdullah Al-Hussaini

With the absence of :

– Mr. Abdulmohsen Ibrahim Abdulaziz Al -Touq (Chairman of the Board of Directors)

– Eng. Alwaleed Abdulrazzaq Saleh Aldryaan
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf – Mr. Dr. Abdullah Al-Hussaini (Chairman of the Audit Committee)

– Eng. Osama Mohammed Abdulaziz Alsabeg (Member Nomination & Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1. Reviewed and discussed the Board of Directors report for the fiscal year ended on 31/12/2024.

2. Reviewed and discussed the Company’s consolidated financial statements for the year ended on 31/12/2024.

3. Approved the external auditor’s report for the fiscal year ended on 31/12/2024.

4. Approval on releasing the members of the Board of Directors from their liability for the fiscal year ended on 31/12/2024.

5. Approved the appointment of KPMG as the company’s external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the first half of the fiscal year 2025 ending on 30/06/2025 and the annual financial statements of the fiscal year ending on 31/ 12/2025, along with total fees of 512,000 SAR excluding VAT.

6. Approved the payment of SAR 1,005,534 as a remuneration to members of the Board of Directors & its committees for the fiscal year ended on 31/12/2024.

7. Approved authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2025.

8. Approved the business and contracts conducted on the fiscal year ended on 31/12/2024 between the company and Al-Touq Limited Company, in which the Chairman of the Board, Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq, has an indirect interest in them. Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq serves as the Chairman of the Board in Al-Touq Limited Company. The agreement entails the provision of Consultancy services, without specific favorable terms and benefits, for a period of one-year. The value of transactions for the year 2024 amounted to 182,012 Saudi Riyals.

9. Approved the business and contracts conducted on the fiscal year ended on 31/12/2024 between the company and Mutakamela Insurance Company (formerly Allianz Saudi Fransi Cooperative Insurance Company) , in which the Vice Chairman of the Board, Mr. Osama Mohammed Abdulaziz Alsabeg, Board Member Mr. Alwaleed Abdulrazaq Aldryaan, Board Member Mr. Adel Mohammad Mallawi, and Board Member Dr. Abdullah Al-Husseini, have an indirect interest in them. Each of them serves as a board member in Mutakamela Insurance Company. The agreement is for insurance coverage of the company’s equipment’s, without specific favorable terms and benefits, for a period of one-year. The value of transactions for the year 2024 amounted to 8,856 Saudi Riyals.

Element ListExplanation
Introduction With reference to the announcement of Saudi Networkers Services Company published on the Saudi Exchange (Tadawul) website dated 30-04-2025G corresponding to 02-11-1446H, that the company has received a letter from Mr. Omar Abdullah Al-Juraifani notifying of his withdrawal of his acceptance to join Saudi Networkers Services Co as Chief Executive Officer, with effect from 01 May 2025. due to his personal reasons.

Saudi Networkers Services Company announces the decision of its Board of Directors dated 29-04-2025G corresponding to 01-11-1446H, based on the recommendation of the Nomination & Remuneration Committee to appoint Mr. Ahmad Abu Nehmeh, as Acting Chief Executive Officer, effective from 01-05-2025, until a new CEO is appointed.
Element ListExplanation
Appointment Type Delegation
Name of the Appointed Person Mr. Ahmad Abu Nehmeh
Date of Board Resolution 2025-04-29 Corresponding to 1446-11-01
Date Work Commencement 2025-05-01 Corresponding to 1446-11-03
Brief Resume Holds Bachelor of Accounting and Finance & has vast experience in several leadership positions.

Element ListExplanation
Introduction With reference to the announcement by Saudi Networkers Services Co. (company) published on the Saudi Exchange (Tadawul) website on 26-03-2025G corresponding to 26-09-1446H regarding the termination of the contract with the Chief Executive Officer (CEO) by mutual consent and the appointment of a new CEO, the Company announces that company has received a letter from Mr. Omar Abdullah Al-Juraifani notifying of his withdrawal of his acceptance to join Saudi Networkers Services Co as Chief Executive Officer, with effect from 01 May 2025, due to his personal reasons.

The Company also announces the Board of Directors’ resolution issued on 29-04-2025, approving the appointment of Mr. Ahmad Abu Nehmeh, as Acting Chief Executive Officer effective from 01-05-2025, until a new Chief Executive Officer is appointed.
Previous Announcement Saudi Networkers Services Co. announces the termination of the contract with the CEO by mutual consent and the appointment of a new CEO.
Date of Previous Announcement on Saudi Exchange’s Website 2025-03-26 Corresponding to 1446-09-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The company has received of a letter from Mr. Omar Abdullah Al-Juraifani notifying of his withdrawal of his acceptance to join Saudi Networkers Services Co as Chief Executive Officer, with effect from 01 May 2025. due to his personal reasons.

The Company also announces the Board of Directors’ resolution issued on 29-04-2025, approving the appointment of Mr. Ahmad Abu Nehmeh, as Acting Chief Executive Officer effective from 01-05-2025, until a new Chief Executive Officer is appointed.
Reasons For The Delay on The Date of The Event Previously Announced NA
The costs associated with the event, and if they have changed or not with indication of the reasons. NA
Delay consequences on the Company’s financial results NA

Element ListExplanation
Introduction The Board of Directors of Saudi Networkers Services Co is pleased to invite its shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting), which is scheduled to be held via modern technology, at (18:30) on Sunday 18/05/2025G Corresponding to 20/11/1446H.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly’s Meeting 2025-05-18 Corresponding to 1446-11-20
Time of the General Assembly’s Meeting 18:30
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee.
Quorum for Convening the General Assembly’s Meeting In order for this assembly to be valid, a number of shareholders representing at least 50% of the capital is required. If such quorum is not available at the first meeting, a second meeting shall be held one hour after the end of the first meeting period. The second meeting shall be deemed valid regardless of the number of voting shares represented therein.
General Assembly Meeting Agenda 1. Review and discuss the Board of Directors report for the fiscal year ending on 31/12/2024. (attached)

2. Review and discuss the Company’s consolidated financial statements for the year ended on 31/12/2024. (attached)

3. Voting on the external auditor’s report for the fiscal year ended on 31/12/2024. (attached)

4. Voting on releasing the members of the Board of Directors from their liability for the fiscal year ending on 31/12/2024.

5. Voting on the appointment of the company’s external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the first half of the fiscal year 2025 ending on 30/06/2025 and the annual financial statements of the fiscal year ending on 31/ 12/2025, and determination of the external auditor fees. (attached)

6. Voting on the payment of SAR 1,005,534 as a remuneration to members of the Board of Directors & its committees for the fiscal year ending on 31/12/2024.

7. Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2025.

8. Voting on the business and contracts conducted on the fiscal year ended on 31/12/2024 between the company and Al-Touq Limited Company, in which the Chairman of the Board, Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq, has an indirect interest in them. Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq serves as the Chairman of the Board in Al-Touq Limited Company. The agreement entails the provision of Consultancy services, without specific terms and benefits, for a period of one-year, automatically renewable. The value of transactions for the year 2024 amounted to 182,012 Saudi Riyals (attached).

9. Voting on the business and contracts conducted on the fiscal year ended on 31/12/2024 between the company and Mutakamela Insurance Company (Allianz Saudi Fransi Cooperative Insurance Company previously) , in which the Vice Chairman of the Board, Mr. Osama Mohammed Abdulaziz Alsabeg, Board Member Mr. Alwaleed Abdulrazaq Aldryaan, Board Member Mr. Adel Mohammad Mallawi, and Board Member Dr. Abdullah Al-Husseini, have an indirect interest in them. Each of them serves as a board member in Mutakamela Insurance Company. The agreement is for insurance coverage of the company’s equipment’s, without specific terms and benefits, for a period of one-year. The value of transactions for the year 2024 amounted to 8,856 Saudi Riyals (attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the matters listed on the agenda of the General Assembly and raise relevant questions, noting that Voting is free of charge to all shareholders by using the following link:

www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start at [1]AM on [17]/[11]/1446H (corresponding to [15]/[05]/2025G). and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: [www.tadawulaty.com.sa].
Method of Communication in Case of Any Enquiries For inquiries, please contact Investor Relations department:

– Email: [ir@saudinetworkers.com]

– Phone: [00966112939595]
Attached Documents  

Element ListExplanation
Introduction In reference to Saudi Networkers Services Company preparation for its future strategic plans, Saudi Networkers Services Company announces the Board of Directors’ Resolution issued on 25/09/1446 corresponding to 25/03/2025 to approve the following:

1- termination of employment contract of Mr. Raed Abdul Aziz Arafeh by mutual consent as the Chief Executive Officer (CEO) of Saudi Networkers Services Co, effective from 30/ 04/ 2025.

2- appointment of Mr. Omar Abdullah Al-Juraifani as Chief executive officer (CEO) at Saudi Networkers Services, effective from 01/05/2025.

The Board of Directors extends sincere appreciation and gratitude to Mr. Raed Abdulaziz Arafeh for his valuable efforts and significant contributions to the development of the company during his tenure. We wish him continued success and prosperity in his future endeavors.

The Board of Directors wishes Mr. Omar Abdullah Al-Juraifani the best in leading the company towards further progress and growth.
Element ListExplanation
Name of the Resigned Person Mr. Raed Abdul Aziz Arafeh
Resignation Acceptance Date 2025-03-25 Corresponding to 1446-09-25
Resignation Effective Date 2025-04-30 Corresponding to 1446-11-02
Reasons for Resignation Termination of the contract by mutual consent.
Element ListExplanation
Appointment Type Appointment
Name of the Appointed Person Mr. Omar Abdullah Al-Juraifani
Date of Board Resolution 2025-03-25 Corresponding to 1446-09-25
Date Work Commencement 2025-05-01 Corresponding to 1446-11-03
Brief Resume Holds Master in business administration (MBA) & has vast experience in several leadership positions.

Element ListExplanation
Introduction Saudi Networkers Services announces the (Renewal) of a Sharia-compliant credit facilities agreement valued at SAR 40 million with The Saudi Awwal Bank.
Date of obtaining the funding 2025-01-14 Corresponding to 1446-07-14
Financing entity Saudi Awwal Bank
Financing amount. 40,000,000 Saudi Riyals
Financing duration. Till 5/12/2025
Guarantees offered for the financing Promissory note
Financing objective Financing the Company’s working capital
Related Parties Not applicable

Element ListExplanation
Introduction Saudi Networkers Services announces the signature of a Sharia-compliant credit facilities agreement valued at SAR 50 million with Alrajhi Bank .
Date of obtaining the funding 2024-12-24 Corresponding to 1446-06-23
Financing entity Alrajhi Bank
Financing amount. 50,000,000 Saudi Riyals
Financing duration. Till 31/10/2025
Guarantees offered for the financing Promissory note
Financing objective Financing the Company’s working capital
Related Parties Not applicable

Element ListExplanation
Introduction Saudi Networkers Services announces the (Renewal) of a Sharia-compliant credit facilities agreement valued at SAR 55.2 million with The Banque Saudi Fransi.
Date of obtaining the funding 2024-12-09 Corresponding to 1446-06-08
Financing entity Banque Saudi Fransi
Financing amount. 55,200,000 Saudi Riyals
Financing duration. Till 15/10/2025
Guarantees offered for the financing Promissory note
Financing objective Financing the Company’s working capital
Related Parties Not applicable

Element ListExplanation
Introduction Saudi Networkers Services Company announces the approval of the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, to form the Audit Committee for the new term, which begins on 04/11/2024 and ends on 13/10/2025. Following are the members:

1- Dr. Abdullah Bin Saghaier Bin Mohammed Al-Husseini Alshehri (Chairman( independent board member

2- Mr. Khalid Mohammed Abdulrahman Aleid (Member( member from outside the Board of Directors

3- Mr. Mohammad Abdulhakim Salem (Member) member from outside the Board of Directors
Element ListExplanation
Appointed Member Name Abdullah Bin Saghaier Bin Mohammed Al Husseini Alshehri
Membership Start Date 2024-11-04 Corresponding to 1446-05-02
Brief Resume of the Appointed Member – Bachelor’s degree in Accounting from King Abdulaziz University.

– Master’s degree in Accounting from King Saud University.

– Ph.D. in Financial Accounting and Auditing from the University of Kent, United Kingdom.

– Dr. Abdullah has extensive experience in various fields such as accounting and internal auditing. He is currently a Professor of Financial Accounting and Auditing at Prince Sultan University, and serves as a board member in several companies across different sectors.
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Appointed Member Name Khalid Mohammed Abdulrahman Aleid
Membership Start Date 2024-11-04 Corresponding to 1446-05-02
Brief Resume of the Appointed Member – Bachelor’s degree in Accounting from King Faisal University.

– Master’s degree in Business Administration from the University of Manchester.

– Mr. Khalid has extensive experience in various fields such as accounting, internal auditing, and risk management. He currently holds the position of General Manager of Internal Audit at King Fahd Causeway Authority, and is also a member of the Audit Committee in several companies across different sectors.
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Appointed Member Name Mohammad Abdulhakim Salem
Membership Start Date 2024-11-04 Corresponding to 1446-05-02
Brief Resume of the Appointed Member – Bachelor’s degree in International Accounting from the German Jordanian University.

– Certified Financial Consultant (CFC) from the American Association for Investment and Financial Management.

– Certified Public Accountant (CPA) issued by the Guam State Board of Accountancy.

– Mr. Mohammed has extensive experience in various fields such as accounting, internal auditing, financial consulting, and sales. He currently holds the position of Finance Director at Altouq Limited Company.
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2024-10-28 Corresponding to 1446-04-25

Element ListExplanation
Announcement Detail Saudi Networkers Services Company announces the approval of the Board of Directors made on 2024-10-28 Corresponding to 1446-04-25, based on the recommendation of Nomination and Remuneration Committee, to form the Nomination and Remuneration Committee for the new term, which begins on 04/11/2024 and ends on 13/10/2025. Following are the members:

1- Eng. Al-Walid Bin Abdulrazzaq Bin Saleh Al-Deraian (Chairman) – Independent Board Member

2- Eng. Osama Mohammed Abdulaziz Alsabeg (Member) – Executive Board Member

3- Dr. Abdullah Bin Saghaier Bin Mohammed Al-Husseini Alshehri (Member) – Independent Board Member

The profiles of the members are as follows:

Al-Walid Bin Abdulrazzaq Bin Saleh Al-Deraian

– Bachelor’s degree in Electrical Engineering from the University of Wisconsin, USA.

– Master’s degree in Electrical Engineering from the University of Wisconsin, USA.

– Eng. Al-Walid has extensive experience in corporate management and board memberships. He serves as a board member in several companies across different sectors.

Eng. Osama Mohammed Abdulaziz Alsabeg

– Bachelor of Science in Electrical Engineering from King Fahd University of Petroleum and Minerals.

– Eng. Osama has extensive experience in corporate management and board memberships. He serves as a board member in several companies across different sectors.

Dr. Abdullah Bin Saghaier Bin Mohammed Al-Husseini Alshehri

– Bachelor’s degree in Accounting from King Abdulaziz University.

– Master’s degree in Accounting from King Saud University.

– Ph.D. in Financial Accounting and Auditing from the University of Kent, United Kingdom.

Dr. Abdullah has extensive experience in various fields such as accounting and internal auditing. He is currently a Professor of Financial Accounting and Auditing at Prince Sultan University, and serves as a board member in several companies across different sectors.

Element ListExplanation
Introduction Saudi Networkers Services Company announces to ‎its Shareholders’ the results of its Extraordinary General Assembly meeting (First Meeting) held on Sunday 24-04-1446H corresponding to 27-10-2024 at 18:30 p.m. using the Tadawulaty system.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
Date of the General Assembly’s Meeting 2024-10-27 Corresponding to 1446-04-24
Time of the General Assembly’s Meeting 18:30
Percentage of Attending Shareholders 76.938%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees The meeting was attended by the following board members:

– Mr. Abdulmohsen Ibrahim Abdulaziz Al Touq (Chairman of the Board of Directors)

– Eng. Osama Mohammed Abdulaziz Alsabeg

– Eng. Al-Walid Abdul Razzaq Saleh Al-Deraian

– Mr. Adel Mohammed Ali Mallawi

– Dr. Abdullah Saghaier Alshehri Al-Husseini
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf – Mr. Adel Mohammed Ali Mallawi (Chairman of the Audit Committee)

– Eng. Al-Walid Abdul Razzaq Saleh Al-Deraian (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1. Approval of the transfer of the statutory reserve balance amounting to SAR 11,213,169 (Eleven Million Two Hundred Thirteen Thousand One Hundred Sixty-Nine Saudi Riyals) as per the annual financial statements ended on 31/12/2023, to the retained earnings balance amounting to SAR 44,046,826 ( Forty-four million, forty-six thousand, eight hundred twenty-six Saudi Riyals) as per the financial statements for the first half ended 30/06/2024.

2. Approval of the amendment of the Corporate Governance Regulations.

3. Approval of the amendment of the Audit Committee Regulations.

4. Approval of the Nomination and Remuneration Committee Regulations.

5. Approval of the Remuneration Policy for Board Members, Committees, and Executive Management.

6. Approval of the Criteria and Procedures for Board Membership.

7. Approval of the Controls and Standards for Competition for Board Members and their Committees.

Element ListExplanation
IntroductionThe Board of Directors of Saudi Networkers Services Co is pleased to invite its shareholders to participate and vote in the Extraordinary General Assembly meeting (the first meeting), which is scheduled to be held via modern technology, at (18:30) on Sunday 27/10/2024G Corresponding to 24/04/1446H.
City and Location of the General Assembly’s MeetingCompany’s headquarters located in Riyadh by Means of Modern Technology.
Hyperlink of the Meeting LocationClick Here
Date of the General Assembly’s Meeting2024-10-27 Corresponding to 1446-04-24
Time of the General Assembly’s Meeting18:30
Methodology of Convening the General Assembly’s MeetingVia modern technology means
Attendance Eligibility, Registration Eligibility, and Voting EndEach shareholder registered in the shareholders register in the Securities Depository Center at the end of trading preceding prior to the Extraordinary Ordinary General Assembly Meeting, have the right to attend the Ordinary General Assembly Meeting thru as per the Laws and Regulations
Quorum for Convening the General Assembly’s MeetingIn order for this assembly to be valid, a number of shareholders representing at least 50% of the capital is required. If such quorum is not available at the first meeting, a second meeting shall be held one hour after the end of the first meeting period. The second meeting shall be valid if attended by shareholders representing at least 25% of the company’s capital.
General Assembly Meeting Agenda

1. Voting on the transfer of the statutory reserve balance amounting to SAR 11,213,169 (Eleven Million Two Hundred Thirteen Thousand One Hundred Sixty-Nine Saudi Riyals) as per the annual financial statements ended on 31/12/2023, to the retained earnings balance amounting to SAR 44,046,826 ( Forty-four million, forty-six thousand, eight hundred twenty-six Saudi Riyals) as per the financial statements for the first half ended 30/06/2024.

2. Voting on the amendment of the Corporate Governance Regulations (attached).

3. Voting on the amendment of the Audit Committee Regulations (attached).

4. Voting on the Nomination and Remuneration Committee Regulations (attached).

5. Voting on the Remuneration Policy for Board Members, Committees, and Executive Management (attached).

6. Voting on the Criteria and Procedures for Board Membership (attached).

7. Voting on the Controls and Standards for Competition for Board Members and their Committees (attached).

Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right

Shareholders have the right to discuss the matters listed on the agenda of the General Assembly and raise relevant questions, noting that Voting is free of charge to all shareholders by using the following link:

www.tadawulaty.com.sa

Details of the electronic voting on the Assembly’s agendaAll shareholders registered in Tadawulaty service will be able to vote electronically on the Extraordinary General Assembly’s agenda. Electronic voting will start at [1]AM on [21]/[04]/1446H (corresponding to [24]/[10]/2024G). and will last until the end of the Extraordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: [www.tadawulaty.com.sa].
Method of Communication in Case of Any Enquiries

For inquiries, please contact Investor Relations department:

– Email: [ir@saudinetworkers.com]

– Phone: [00966112939595]

Attached Documents  

Element ListExplanation
Introduction Saudi Networkers Services Company announces the Board of Directors’ resolution issued on 02-10-2024, approving the distribution of cash dividends to shareholders for the first half of the fiscal year 2024.
Date of the board’s decision 2024-10-02 Corresponding to 1446-03-29
The Total amount distributed 12,000,000 SAR
Number of Shares Eligible for Dividends 6,000,000 Shares
Dividend per share 2.00 SAR Per Share
Percentage of Dividend to the Share Par Value (%) 20
Eligibility date 2024-10-06 Corresponding to 1446-04-03
Distribution Date 2024-10-17 Corresponding to 1446-04-14
The name of other official authorities and the details of their non-refusal to the recommendation or decision None
Additional Information For more information, please contact Investor Relation Department via 00966112939595 or by email ir@saudinetworkers.com.

Element ListExplanation
Announcement Detail Saudi Networkers Services Co. announces the Board of Directors’ Recommendation on 21-03-1446 corresponding to 24-09-2024 to the General Assembly to Approve the Transfer of the Statutory Reserve Balance, which amounts to (SAR 11,213,169) Eleven Million two Hundred Thirteen Thousand One Hundred Sixty-nine Saudi riyals as per the financial statements ended on 30-06-2024, to the Retained Earnings Balance.

Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 282,210,094276,456,5022.081
Net profit (Loss) 19,734,70116,543,60119.289
Total Shareholders Equity (after Deducting Minority Equity) 105,824,75690,107,41417.442
Profit (Loss) per Share 3.32.8
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value ––
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Revenues amount to 282.21 million Saudi riyals, compared to 276.46 million Saudi Riyals in the same period last year, with increase of 5.75 million Saudi riyals represent 2.08%.

The reason for increase in revenue is due to increase in business activities with the existing customers and addition of new customers.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The gross profit amount to 37.70 million Saudi riyals, compared to 32.23 million Saudi riyals in the same period last year, with increase of 5.47 million Saudi riyals, represent 16.97%.

The operational profit amount to 22.82 million Saudi riyals, compared to 18.74 million Saudi riyals in the same period last year, with increase of 4.09 million Saudi riyals, represent 21.82%.

The Net profit amount to 19.73 million Saudi riyals, compared to 16.54 million Saudi riyals in the same period last year, with increase of 3.19 million Saudi riyals, represent 19.29%.

The total comprehensive income amount to 19.73 million Saudi riyals, compared to 16.69 million Saudi riyals in the same period last year, with increase of 3.04 million Saudi riyals, represent 18.23%.

The increase in net profit for the period ended 30 June 2024 is due to growth in revenue and improvement in profit margin.

The increase in net profit has resulted in an increase in earnings per share to SAR 3.3 compared to SAR 2.8 in the same period last year.

Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items NA
Additional Information • Revenue has shown growth of 2.08% over the same period last year maintaining the company’s historical growth trends.

• The company has reported Total Equity of SAR 105.90m compared to SAR 90.11m in the same period last year i.e. an increase of over 17.44%.

Element ListExplanation
Introduction Saudi Networkers Services Co announces to ‎its Shareholders’ the results of its Extraordinary General Assembly meeting (First Meeting) held on Monday 18/12/1445H corresponding to 24/06/2024 at 18:45p.m. using the Tadawulaty system.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
Date of the General Assembly’s Meeting 2024-06-24 Corresponding to 1445-12-18
Time of the General Assembly’s Meeting 18:45
Percentage of Attending Shareholders 82.76%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees The extraordinary general assembly meeting was attended by the following board director members:

– Mr. Abdulmohsen Ibrahim Abdulaziz Al -Touq (Chairman of the Board of Directors)

– ¬Eng. Osama Mohammed Abdulaziz Alsabeg

– ¬Eng. Al-Walid Abdul Razzaq Saleh Al-Deraian

– ¬Mr. Adel Mohammed Ali Mallawi

– ¬Dr. Abdullah Saghaier Alshehri Al-Husseini
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf – Mr. Adel Mohammed Ali Mallawi (Chairman of the Audit Committee)

– Eng. Alwaleed Abdul Razzaq Saleh Aldryaan (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1. Approval of the Board of Directors report for the fiscal year ended on 31/12/2023.

2. Approval on and discuss the Company’s consolidated financial statements for the year ended on 31/12/2023G were reviewed and discussed.

3. Approval on the external auditor’s report for the fiscal year ended on 31/12/2023G.

4. Approval on releasing the members of the Board of Directors from their liability for the fiscal year ended on 31/12/2023.

5. Approval of the appointing Price Water House Coopers Public Accountants as an auditor for the Company from among the candidates based on the Audit Committee’s recommendation for the financial audit and review of the first half of the fiscal year 2024 ending on 30/06/2024 and the annual financial statements of the fiscal year ending on 31/12/2024, and the fees is SAR (525,000) VAT excluded.

6. Approval on the payment of SAR 909,000 as a remuneration to members of the Board of Directors & its committees for the fiscal year ended on 31/12/2023.

7. Approval on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2024,

8. Approval on the Board of Directors’ recommendation to distribute cash dividends for the second half of 2023 amounting to SAR 14,100,000 at SAR 2.35 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the Extraordinary General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, where the distribution shall be on 07/07/2024.

9. Approval on the business and contracts conducted between the company and Al-Touq Limited Company, in which the Chairman of the Board, Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq, has an indirect interest in them. Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq serves as the Chairman of the Board in Al-Touq Limited Company. The agreement entails the provision of Consultancy services, without specific terms and benefits, for a period of one-year, automatically renewable. The value of transactions for the year 2023 amounted to 192,621 Saudi Riyals.

10. Approval on the business and contracts conducted between the company and Allianz Saudi Fransi Cooperative Insurance Company, in which the Vice Chairman of the Board, Mr. Osama Mohammed Abdulaziz Alsabeg, Board Member Mr. Alwaleed Abdulrazaq Aldryaan, Board Member Mr. Adel Mohammad Mallawi, and Board Member Dr. Abdullah Al-Husseini, have an indirect interest in them. Each of them serves as a board member in Allianz Saudi Fransi Cooperative Insurance Company. The agreement is for insurance coverage of the company’s equipment’s, without specific terms and benefits, for a period of one-year. The value of transactions for the year 2023 amounted to 13,584 Saudi Riyals.

11. Approval on the amendment of the Company’s Bylaws to be compatible with the new Companies Law & rearranging the Company’s Bylaws articles and numbering them to comply with the proposed amendments.

12. Approval on adding Article No. (14) to the company’s bylaws entitled “Share Buy-back”.

13. Approval on adding Article No. (15) to the company’s bylaws entitled “Company’s Sale of Shares”.

14. Approval on adding Article No. (16) to the company’s bylaws entitled “Forward Split or Reverse Split of Shares”.

15. Approval on amending Article No. (3) of the company’s bylaws related to (Company’s purposes).

16. Approval on amending Article No. (4) of the company’s bylaws related to (Participation and Ownership in Companies).

17. Approval on amending Article No. (5) of the company’s bylaws related to (Company’s term).

18. Approval on amending Article No. (20) of the company’s bylaws related to (Powers of the Board).

19. Approval on amending Article No. (21) of the company’s bylaws related to (Powers of the Chairman, Vice-Chairman, Managing Director, and Secretary).

20. Approval on amending Article No. (48) of the company’s bylaws related to (Distribution of Dividends).

Element ListExplanation
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-06-03 Corresponding to 1445-11-26
Hyperlink to the Previous Announcement Click Here
Change on the Development Further to Saudi Networkers Services Company’s announcement on the Tadawul website dated on 26/11/1445H corresponding to 03/06/2024, the company would like to attach document related to the extraordinary general assembly meeting agenda, regarding the “Limited assurance report on the Board of Directors’ declaration to the shareholders of the company” the Arabic version.
Financial Impact on the change none
Attached Documents  

Element ListExplanation
Introduction The Board of Directors of Saudi Networkers Services Co is pleased to invite its shareholders to participate and vote in the Extra Ordinary General Assembly meeting (the first meeting), by means of modern technology.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology.
Hyperlink of the Meeting Location Click Here
Date of the General Assembly’s Meeting 2024-06-24 Corresponding to 1445-12-18
Time of the General Assembly’s Meeting 18:45
Methodology of Convening the General Assembly’s Meeting Via modern technology means
Attendance Eligibility, Registration Eligibility, and Voting End Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre at the End of the Trading Session Preceding the Extra Ordinary General Assembly’s Meeting as per Laws and Regulations. Each shareholder has the right to discuss the topics on the agenda of the assembly and direct their inquiries.
Quorum for Convening the General Assembly’s Meeting In order for this assembly to be valid, a number of shareholders representing at least 50% of the capital is required. If such quorum is not available at the first meeting, a second meeting shall be held one hour after the end of the first meeting period. The second meeting shall be valid if attended by shareholders representing at least 25% of the company’s capital.
General Assembly Meeting Agenda 1. Review and discuss the Board of Directors report for the fiscal year ending on 31/12/2023.

2. Review and discuss the Company’s consolidated financial statements for the year ended on 31/12/2023G.

3. Voting on the external auditor’s report for the fiscal year ended on 31/12/2023G.

4. Voting on releasing the members of the Board of Directors from their liability for the fiscal year ending on 31/12/2023.

5. Voting on the appointment of the company’s external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the first half of the fiscal year 2024 ending on 30/06/2024 and the annual financial statements of the fiscal year ending on 31/ 12/2024, and determination of the external auditor fees.

6. Voting on the payment of SAR 909,000 as a remuneration to members of the Board of Directors & its committees for the fiscal year ending on 31/12/2023.

7. Voting on authorizing the Board of Directors to distribute interim dividends to shareholders on a semi-annual or quarterly basis for the fiscal year 2024, following the approval of the amendment to Article No. (48) of the company’s bylaws related to (Dividend Distribution) .

8. Voting on the Board of Directors’ recommendation to distribute cash dividends for the second half of 2023 amounting to SAR 14,100,000 at SAR 2.35 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the Extraordinary General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, where the distribution shall be on 07/07/2024.

9. Voting on the business and contracts conducted between the company and Al-Touq Limited Company, in which the Chairman of the Board, Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq, has an indirect interest in them. Mr. Abdulmohsen Ibrahim Abdulaziz Al-Touq serves as the Chairman of the Board in Al-Touq Limited Company. The agreement entails the provision of Consultancy services, without specific terms and benefits, for a period of one-year, automatically renewable. The value of transactions for the year 2023 amounted to 192,621 Saudi Riyals (attached).

10. Voting on the business and contracts conducted between the company and Allianz Saudi Fransi Cooperative Insurance Company, in which the Vice Chairman of the Board, Mr. Osama Mohammed Abdulaziz Alsabeg, Board Member Mr. Alwaleed Abdulrazaq Aldryaan, Board Member Mr. Adel Mohammad Mallawi, and Board Member Dr. Abdullah Al-Husseini, have an indirect interest in them. Each of them serves as a board member in Allianz Saudi Fransi Cooperative Insurance Company. The agreement is for insurance coverage of the company’s equipment’s, without specific terms and benefits, for a period of one-year. The value of transactions for the year 2023 amounted to 13,584 Saudi Riyals (attached).

11. Voting on the amendment of the Company’s Bylaws to be compatible with the new Companies Law & rearranging the Company’s Bylaws articles and numbering them to comply with the proposed amendments. (attached)

12. Vote on adding Article No. (14) to the company’s bylaws entitled “ Share Buy-back” (attached).

13. Vote on adding Article No. (15) to the company’s bylaws entitled “ Company’s Sale of Shares” (attached).

14. Vote on adding Article No. (16) to the company’s bylaws entitled “Forward Split or Reverse Split of Shares” (attached).

15. Voting on amending Article No. (3) of the company’s bylaws related to (Company’s purposes) (attached).

16. Voting on amending Article No. (4) of the company’s bylaws related to (Participation and Ownership in Companies ) (attached).

17. Voting on amending Article No. (5) of the company’s bylaws related to (Company’s term) (attached).

18. Voting on amending Article No. (20) of the company’s bylaws related to (Powers of the Board) (attached).

19. Voting on amending Article No. (21) of the company’s bylaws related to (Powers of the Chairman, Vice-Chairman, Managing Director, and Secretary) (attached).

20. Vote on amending Article No. (48) of the company’s bylaws related to (Distribution of Dividends) (attached).
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right Shareholders have the right to discuss the matters listed on the agenda of the General Assembly and raise relevant questions, noting that Voting is free of charge to all shareholders by using the following link:

www.tadawulaty.com.sa
Details of the electronic voting on the Assembly’s agenda All shareholders registered in Tadawulaty service will be able to vote electronically on the Extra Ordinary General Assembly’s agenda. Electronic voting will start at [1]AM on [14]/[12]/1445H (corresponding to [20]/[06]/2024G). and will last until the end of the Extra Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: [www.tadawulaty.com.sa].
Method of Communication in Case of Any Enquiries For inquiries, please contact Investor Relations department:

– Email: [ir@saudinetworkers.com]

– Phone: [00966112939595]
Attached Documents           

Element ListExplanation
Introduction Saudi Networkers Services Company announces the decision of the Board of Directors (by circulation) on 14/05/2024 G corresponding to 06/11/1445 H approving the acceptance of the resignation of the Audit committee member, Mr. Asher Noor Nisar Akhtar, which he submitted on 14/05/2024 G, due to his personal circumstances. The Board of Directors extends its sincere thanks and appreciation to Mr. Asher Noor Nisar Akhtar for his efforts & wish him success in his future.

The Board of Directors also approved the appointment of Mr. Khalid Mohammed Abdulrahman Aleid as a non-executive & independent member of the Audit committee as of 14/05/2024 G to complete the remaining statutory term of the current audit committee session.
Element ListExplanation
Name of Resigning Member Mr. Asher Noor Nisar Akhtar
Resignation Submission Date 2024-05-14 Corresponding to 1445-11-06
Resignation Effective Date 2024-05-14 Corresponding to 1445-11-06
Reasons for Resignation Personal reasons
Resigning Member Start Date 2021-11-04 Corresponding to 1443-03-29
Element ListExplanation
Appointed Member Name Mr. Khalid Mohammed Abdulrahman Aleid
Membership Start Date 2024-05-14 Corresponding to 1445-11-06
Brief Resume of the Appointed Member – Qualified Chartered Accountant Saudi Organization of Certified Public Accountants (SOCPA)

– Bachelors degree in accounting from King Faisal University Saudi Arabia

– Master of business administration (MBA) University of Manchester UK

– Mr. Khalid Mohammed Abdulrahman Aleid has 14 years of experience in diversified industries in assurance services, internal audit, risk consulting, IFRS, GAAP & conducting trainings. He is also independent audit committee member in several organizations.
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2024-05-14 Corresponding to 1445-11-06
Additional Information Board Approval May not be Deemed final, this appointment shall Be ut before the First General Assembly Meeting for Approval.
Attached Documents  

Element ListExplanation
Introduction Saudi Networkers Services Company announces the decision of the Board of Directors (by circulation) on 14/05/2024 G Corresponding to 06/11/1445 H approving the acceptance of the resignation of the member of the Board of Directors, Mr. Asher Noor Nisar Akhtar, which he submitted on 14/05/2024 G, due to his personal circumstances. The Board of Directors extends its sincere thanks and appreciation to Mr. Asher Noor Nisar Akhtar for his efforts during his membership in the Board of Directors & wish him success in his future.
Element ListExplanation
Resigned Member Name Mr. Asher Noor Nisar Akhtar
Membership Type Non- Executive
Resignation Submission Date 2024-05-14 Corresponding to 1445-11-06
Resignation Effective Date 2024-05-14 Corresponding to 1445-11-06
Membership Starting Date for the Resigned Member 2021-10-14 Corresponding to 1443-03-08
Reasons of Resignation Personal Reasons

Element ListExplanation
Introduction Saudi Networkers Services Company announces the Board of Directors’ recommendation to the General Assembly to distribute cash dividends to shareholders for second half of year 2023.
Date of the board’s recommendation 2024-03-24 Corresponding to 1445-09-14
The Total amount distributed SAR 14,100,000
Number of Shares Eligible for Dividends 6,000,000 shares
Dividend per share SAR 2.35
Percentage of Dividend to the Share Par Value (%) 23.50 %
Eligibility date The eligibility for dividends will be for the shareholders owning the shares at the end of the second trading day following the day of the company’s annual general assembly, which will be announced later.
Distribution Date The distribution date will be announced later after the General Assembly approves the Board of Directors’ recommendation.
The name of other official authorities and the details of their non-refusal to the recommendation or decision N/A
Additional Information We would like to draw the attention to the following regulation regarding the payment of dividend:

“for non-resident investors, the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to their account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.”

Saudi Networkers Services Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure timely receipt of their dividends.

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 554,653,846478,629,40015.88
Gross Profit (Loss) 73,739,24563,387,30716.33
Operational Profit (Loss) 43,180,56235,779,17820.69
Net profit (Loss) 36,555,38430,086,37721.5
Total Comprehensive Income 38,769,61933,061,67917.26
Total Share Holders Equity (After Deducting the Minority Equity) 100,192,69787,521,12214.48
Profit (Loss) per Share 6.15
All figures are in (Actual) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value ––
All figures are in (Actual) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year Revenues amount to 554.7 million Saudi riyals, compared to 478.6 million Saudi Riyals in the last year, with increase of 76 million Saudi riyals represent 15.88%.

The reason for increase in revenue is due to increase in business activities with the existing customers and addition of new customers.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The gross profit amount to 73.8 million Saudi riyals, compared to 63.4 million Saudi riyals in the last year, with increase of 10.4 million Saudi riyals, represent 16.33%.

The operational profit amount to 43.2 million Saudi riyals, compared to 35.8 million Saudi riyals in the last year, with increase of 7.4 million Saudi riyals, represent 20.69%.

The Net profit amount to 36.5 million Saudi riyals, compared to 30 million Saudi riyals in the last year, with increase of 6.5 million Saudi riyals, represent 21.5%.

The total comprehensive income amount to 38.7 million Saudi riyals, compared to 33 million Saudi riyals in the last year, with increase of 5.7 million Saudi riyals, represent 17.26%.

The increase in net profit for 2023 is due to growth in revenue and improvement in profit margin.

The increase in net profit has resulted in an increase in earnings per share to SAR 6.1 compared to SAR 5.0 in the previous year.
Statement of the type of external auditor’s report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items Certain comparative figures have been restated and reclassified to correct material prior period errors and to conform to the current year’s presentation. For more information refer to note 29 to the consolidated financial statements for the year ended 31 December 2023.
Additional Information • Revenue has shown growth of 15.88% over the last year maintaining the company’s historical growth trends.

• The company has reported Total Equity of SAR 100.28m compared to SAR 87.61m in last year i.e. an increase of over 14.46%.

Element List Explanation
Announcement Detail Referring to the approval of the Ordinary General Assembly to distribute cash dividends to shareholders for the first half of the year 2023 in a total amount of SAR 12 million and the number of shares eligible for distribution is 6 million shares, which is SAR 2 per share, representing 20% of the par value of the share.

Noting that the eligibility for dividends is for shareholders who own shares at the end of trading on the day of the General Assembly on 24/03/1445 AH corresponding to 09/10/2023 AD, and who are registered in the company’s shareholder register at the Securities Depository Center (EDAA) at the end of the second trading day following the entitlement date.

The company is pleased to announce to its shareholders that cash dividends will be distributed starting on Sunday 07-04-1445 AH corresponding to 22-10-2023 AD, by direct transfer to the bank accounts linked to the shareholders’ investment portfolios.

We would like to draw the attention of non-resident foreign investors to the cash distributions that are transferred through the resident financial intermediary are subject, when transferred or credited to their accounts, to a withholding tax of 5% in accordance with the provisions of Article (68) of the income tax regulations and Article (63) of its implementing regulations.

The Company would like to draw the shareholder’s attention to updating their data and ensure that the accompanying bank account numbers that linked to their investment portfolio to ensure that their dividends reach without delay.

For more information or inquiries, kindly contact the Investors Relation via email:

Email: [ir@saudinetworkers.com]

Phone: [00966112939595]

Element ListExplanation
IntroductionSaudi Networkers services Co. announces to ‎its Shareholders’ the results of it’s Ordinary General Assembly meeting (First Meeting) held on Monday 24/03/1445H corresponding to 09/10/2023 at 18:30p.m. using the Tadawulaty system.
City and Location of the General Assembly’s MeetingCompany’s headquarters located in Riyadh by Means of Modern Technology
Date of the General Assembly’s Meeting2023-10-09 Corresponding to 1445-03-24
Time of the General Assembly’s Meeting18:30
Percentage of Attending Shareholders%76.50097
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the AbsenteesThe ordinary general assembly meeting was attended by the following board director members:

Mr. Abdulmohsen Ibrahim Abdulaziz AlTouq (Chairman of the Board)

Eng. Osama Mohammed Abdulaziz Alsabeg

Mr. Adel Mohammed Ali Mallawi

Dr. Abdullah Saghaier Alshehri

Mr. Asher Noor Nisar Akhtar


With the absence of :

Eng. Alwaleed Abdulrazzaq Saleh Aldryaan
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their BehalfMr. Adel Mohammed Ali Mallawi (Chairman of the Audit Committee)


Dr. Abdullah Saghaier Alshehri (Member Nomination & Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’sApproval on the Board of Directors’ recommendation to distribute cash dividends for the first half of 2023 amounting to SAR 12,000,000 at 2.00 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, noting that the distribution date will be announced later.
Element List Explanation
Announcement Detail With reference to Saudi Networkers Services Co. announcement published on the Saudi Stock Exchange Co. (Tadawul) on 13/09/2023G, regarding the invitation made to attend the Ordinary General Assembly Meeting (First meeting) which will be held on Monday 24/03/1445H corresponding to 09/10/2023G at 18:30 p.m., which is scheduled to be held via modern technology. Saudi Networkers Services Co. is pleased to announce to its shareholders the starting of the electronic voting on the ordinary general assembly meeting agenda will start on Friday, 06 October 2023G at 1.00 AM and will remain available to shareholders through (Tadawulaty) services website until 19:00 p.m. of the day of the ordinary general assembly meeting.

For more information, please contact Investor Relation Department via 00966112939595 or by email ir@saudinetworkers.com.
Element List Explanation
Introduction The Board of Directors of Saudi Networkers services Co is pleased to invite its shareholders to participate and vote in the ordinary General Assembly meeting (the first meeting), by means of modern technology at 1830PM on Monday 09/10/2023 Corresponding to 24/03/1445H.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly’s Meeting 2023-10-09 Corresponding to 1445-03-24
Time of the General Assembly’s Meeting 18:30
Attendance Eligibility Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors.
Quorum for Convening the General Assembly’s Meeting In order for this assembly to be valid, a number of shareholders representing at least 50% of the capital is required. If such quorum is not available at the first meeting, a second meeting shall be held one hour after the end of the first meeting period. The second meeting shall be valid irrespective of the number of shares represented therein.
General Assembly Meeting Agenda – Voting on the Board of Directors’ recommendation to distribute cash dividends for the first half of 2023 amounting to SAR 12,000,000 at 2.00 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, The dividend distribution date will be announced later.­
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start at [1]AM on [21]/[03]/1445H (corresponding to [06]/[10]/2023G). and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: [www.tadawulaty.com.sa].
Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication For inquiries, please contact Investor Relations department:
– Email: [ir@saudinetworkers.com]
– Phone: [00966112939595]
Element List Explanation
Introduction The Board of Directors of Saudi Networkers Services Company has endorsed by circulation on 08 August 2023 the approval of distribution of dividends to the shareholders for the first half of the fiscal year 2023G as follows:
Date of the board’s decision 2023-08-08 Corresponding to 1445-01-21
The Total amount distributed SAR 12,000,000
Number of Shares Eligible for Dividends 6,000,000 Shares
Dividend per share SAR. 2
Percentage of Dividend to the Share Par Value (%) 20 %
Eligibility date Dividends will be paid to the shareholders, who are registered on Tadawul(Edaa) at the end of the second trading day following the General Assembly Meeting.

Date of the General Assembly Meeting will be determined after obtaining the statutory approvals from the relevant government agencies.
Distribution Date The dividend payment date will be determined after the company’s general assembly approval.­
Additional Information We would like to draw the attention to the following regulation regarding the payment of dividend:

“for non-resident investors, the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to their account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.”

Saudi Networkers Services Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure timely receipt of their dividends.
Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 276,456,502 229,567,118 20.43
Gross Profit (Loss) 32,233,846 32,748,261 -1.57
Operational Profit (Loss) 18,735,860 21,206,769 -11.65
Net Profit (Loss) after Zakat and Tax 16,543,601 20,566,203 -19.56
Total Comprehensive Income 16,685,400 19,478,336 -14.34
Total Share Holders Equity (after Deducting Minority Equity) 85,204,532 66,803,890 27.54
Profit (Loss) per Share 2.8 3.4
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to The main reason for the decrease in net profit for the current period compared to the same period of the previous year by (19.56%) is mainly due to the one-off reversals of old accrual balances in June 2022.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items The numbers related to SNS Algeria (subsidiary) were reclassified as discontinued operations and disclosed separately as a single line item as per the requirements of International Financial Reporting Standards. There is no impact on the net income or the equity due to the reclassification.
Additional Information During H1’2023, the company recorded a revenue of approx. 20% (SAR 47m) higher than for H1’22 mainly due to increased business from existing customers and some new customers.

The operating profit margin for H1’23 is mostly in line with the normal business. However, due to one-off reversals of old accrual balances in H1’2022, it is comparatively lower.

Total shareholders’ equity at the end of the current period amounted to SAR 85.20 million, compared to SAR 66.80 million at the end of the same period last year, with an increase of 27.54%.
Element List Explanation
Introduction Saudi Networkers services Co announces to its Shareholders’ the results of it’s Ordinary General Assembly meeting (First Meeting) held on Monday 16/11/1444H corresponding to 05/06/2023 at 19:30 P.M. using the Tadawulaty system.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
Date of the General Assembly’s Meeting 2023-06-05 Corresponding to 1444-11-16
Time of the General Assembly’s Meeting 19:30
Percentage of Attending Shareholders % 80.38
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees The ordinary general assembly meeting was attended by the following board director members:
Mr. Abdulmohsen Ibrahim Abdulaziz AlTouq (Chairman of the Board)
Eng. Osama Mohammed Abdulaziz Alsabeg
Eng. Alwaleed Abdulrazzaq Saleh Aldryaan
Mr. Adel Mohammed Ali Mallawi
Dr. Abdullah Saghaier Alshehri
Mr. Asher Noor Nisar Akhtar
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf Mr. Adel Mohammed Ali Mallawi (Chairman of the Audit Committee)
Eng. Alwaleed Abdulrazzaq Saleh Aldryaan (Chairman of the Nomination and Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s 1. Approval of the Board of Directors report for the fiscal year ending on 31/12/2022.
2. Approval on and discuss the Company’s consolidated financial statements for the year ended on 31/12/2022G.
3. Approval on the external auditor’s report for the fiscal year ended on 31/12/2022G.
4. Approval on releasing the members of the Board of Directors from their liability for the fiscal year ending on 31/12/2022.
5. Approval on the appointment of Price Water House Coopers Public Accountants as the company’s external for the financial audit and review of the first half of the fiscal year 2023 ending on 30/06/2023 and the annual financial statements of the fiscal year ending on 31/ 12/2023, and determination of the external auditor fees.
6. Approval on the payment of SAR (909,000) as a remuneration to members of the Board of Directors for the fiscal year ending on 31/12/2022.
7. Approval on the Board of Directors’ recommendation to distribute cash dividends for the second half of 2022 amounting to SAR 14,100,000 at 2.35 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, where the distribution shall be on 19/06/2023.
Element List Explanation
Announcement Detail Saudi Networkers Services Company would like to announce the relocation of its head office in Riyadh from Oruba Street to new premises on King Abdulaziz Road as per the below address:

Short address: RHSA8228
Building No: 8228
Secondary No: 4040 AL Sulaimaniyah Dist.
Postal Code: 12245
Element List Explanation
Announcement Detail With reference to Saudi Networkers Services Co. announcement published on the Saudi Stock Exchange Co. (Tadawul) on 11/05/2023G, regarding the invitation made to attend the Ordinary General Assembly Meeting (First meeting) which will be held on Monday 16/11/1444H corresponding to 05/06/2023 at 19:30p.m, which is scheduled to be held via modern technology, Saudi Networkers Services Co. is pleased to announce to its shareholders the starting of the electronic voting on the the ordinary general assembly meeting agenda will start on Friday, 02nd June 2023G at 1.00 AM and will remain available to shareholders through (Tadawulaty) services website until 08:00 p.m. of the day of the ordinary general assembly meeting.
    
For more information, please contact Investor Relation Department via 00966112939595 or by email ir@saudinetworkers.com.
Element List Explanation
Introduction The Board of Directors of Saudi Networkers services Co is pleased to invite its shareholders to participate and vote in the ordinary General Assembly meeting (the first meeting), by means of modern technology.
City and Location of the General Assembly’s Meeting Company’s headquarters located in Riyadh by Means of Modern Technology
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly’s Meeting 2023-06-05 Corresponding to 1444-11-16
Time of the General Assembly’s Meeting 19:30
Attendance Eligibility Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors.
Quorum for Convening the General Assembly’s Meeting In order for this assembly to be valid, a number of shareholders representing at least 50% of the capital is required. If such quorum is not available at the first meeting, a second meeting shall be held one hour after the end of the first meeting period. The second meeting shall be valid irrespective of the number of shares represented therein.
General Assembly Meeting Agenda 1. Review and discuss the Board of Directors report for the fiscal year ending on 31/12/2022. 2. Review and discuss the Company’s consolidated financial statements for the year ended on 31/12/2022G. 3. Voting on the external auditor’s report for the fiscal year ended on 31/12/2022G. 4. Voting on releasing the members of the Board of Directors from their liability for the fiscal year ending on 31/12/2022. 5. Voting on the appointment of the company’s external auditor in accordance with the recommendation of the Audit Committee for the financial audit and review of the first half of the fiscal year 2023 ending on 30/06/2023 and the annual financial statements of the fiscal year ending on 31/ 12/2023, and determination of the external auditor fees. 6. Voting on the payment of SAR (909,000) as a remuneration to members of the Board of Directors for the fiscal year ending on 31/12/2022. 7. Voting on the Board of Directors’ recommendation to distribute cash dividends for the second half of 2022 amounting to SAR 14,100,000 at 2.35 per share. Provided that the entitlement to dividends is for shareholders holding the shares by the end of the trading day of the General Assembly date, and who are registered in the Company’s shareholders registry held with the Securities Depository Centre Company (Eda’a Center) at the end of the second trading day following the entitlement date, where the distribution shall be on 19/06/2023.
Proxy Form
The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right. (Mentioning the E-Voting details, if any) All shareholders registered in Tadawulaty service will be able to vote electronically on the Ordinary General Assembly’s agenda. Electronic voting will start at [1]AM on [13]/[11]/1444H (corresponding to [02]/[06]/2023G). and will last until the end of the Ordinary General assembly time. Please note that registration in Tadawulaty service and voting is free of charge for all Shareholders via: [www.tadawulaty.com.sa].
Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes.
Method of Communication For inquiries, please contact Investor Relations department: – Email: [ir@saudinetworkers.com] – Phone: [00966112939595]
Attached Documents
Element List Explanation
Introduction Saudi Networkers Services Company announces that it has obtained approval for short-term Sharia-compliant bank financing from the Saudi Awwal Bank of SAR 40 million.
Date of obtaining the funding 2023-04-10 Corresponding to 1444-09-19
Financing entity The Saudi Awwal Bank
Financing amount. SR 40,000,000
Financing duration. 90 days revolving loans valid till 15-02-2024
Guarantees offered for the financing A promissory note covering the full exposure and the assignment of contract proceeds from the customers is provided.
Financing objective To finance the short-term working capital requirement.
Related Parties None
Element List Explanation
Introduction The Board of Directors of Saudi Networkers Services Company, during its meeting on 26th March 2023, has recommended to the General Assembly a payment of dividend for the second half of 2022 as follows:
Date of the board’s decision 2023-03-26 Corresponding to 1444-09-04
The Total amount distributed SAR 14,100,000
Number of Shares Eligible for Dividends 6,000,000 Shares
Dividend per share SAR 2.35 Per Share
Percentage of Dividend to the Share Par Value (%) 23.5 %
Eligibility date Dividends will be paid to the shareholders whom are registered on Tadawul at the end of the second trading day following the General Assembly Meeting.
Date of the General Assembly Meeting will be determined after obtaining the statutory approvals from the relevant government agencies.
Distribution Date The dividend payment date will be determined after the company’s general assembly approval.
Additional Information We would like to draw the attention to the following regulation regarding the payment of dividend:      
“for non-resident investors the dividend paid by the company is subject to a withholding tax of 5.0% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.”      
Saudi Networkers Services Company urges its shareholders to update their data and link their bank account numbers to their investment portfolios to ensure the timely receipt of their dividends.
Element List Current Year Previous Year %Change
Sales/Revenue 478,629,400 462,792,369 3.42
Gross Profit (Loss) 63,233,653 54,273,230 16.51
Operational Profit (Loss) 35,625,524 30,221,916 17.88
Net Profit (Loss) after Zakat and Tax 32,321,467 28,354,621 13.99
Total Comprehensive Income 35,296,769 26,033,158 35.58
Total Share Holders Equity (after Deducting Minority Equity) 82,618,240 57,313,074 44.15
Profit (Loss) per Share 5.4 4.7
All figures are in (Actual) Saudi Arabia, Riyals.
Element List Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the increase in net profit for the current period compared to the same period of the previous year by (14%) is due to:      
– Increased revenue      
– Some additional cost savings.      
– Reversals of old accrual balances mainly related to accrued employee-related costs which are no longer considered payable which were also announced previously in first half financials)      
The increase in net profit has resulted in an increase in earnings per share to SAR 5.4 compared to SAR 4.7 in the previous year.
Statement of the type of external auditor’s report Unmodified opinion
Reclassification of Comparison Items None
Additional Information • The company has reported an Equity of SAR 82.6m compared to SAR 57.3m in last year i.e. an increase of 44%.      
• Reduction of loan utilization from SAR 40.8m in 2021 to SAR 23.0m in 2022.      
• During the year 2022, the company decided to close its subsidiary in Algeria to focus on the potential growth in the Saudi market and has reported the financial information related to the subsidiary as discontinued operations. The company discontinued operations in Algeria have no impact on the company operations in the Kingdom of Saudi Arabia. Further, the relevant numbers from the previous year have been reclassified. The reclassification also has no impact on the company’s net profit or the shareholder’s equity.
Element List Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website 2022-09-14 Corresponding to 1444-02-18
Incorrect statements in the previous announcement Total Share Holders Equity (after Deducting Minority Equity) for the current period is SAR. 66,803,890 compared to the Similar Period for Previous Year with a total of SAR. 57,313,074 with a change rate of 16.56%
Correct Statement Total Share Holders Equity (after Deducting Minority Equity) for the current period is SAR. 66,803,890 compared to the Similar Period for Previous Year with a total of SAR. 63,392,248 with a change rate of 5.38%
Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 232,579,965 235,304,677 -1.16
Gross Profit (Loss) 33,728,307 32,560,348 3.59
Operational Profit (Loss) 21,749,958 20,181,952 7.77
Net Profit (Loss) after Zakat and Tax 20,566,203 17,985,654 14.35
Total Comprehensive Income 19,478,336 18,012,522 8.14
Total Share Holders Equity (after Deducting Minority Equity) 66,803,890 57,313,074 16.56
Profit (Loss) per Share 3.4 3
All figures are in (Actual) Saudi Arabia, Riyals.
Element List Explanation
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to he reason for the increase in net profit for the current period compared to the same period of the previous year by (14%) is mainly due to the reversals of old accrual balances mainly related to accrued employees related cost which are no longer considered payable, along with some additional cost savings.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items None
Additional Information Total shareholders’ equity (including minority equity of SAR 0.08 million) at the end of the current period amounted to SAR 66.88 million, compared to SAR 57.40 million at the end of the similar period for previous year, with increase of 16.51%

IR CONTACT 

INVESTOR RELATION

Contact Name: Investor Relation Department

Address: Riyadh – Building # 8228, King Abdulaziz Road, Al-Sulaymaniyah District P.O. Box 25141, Riyadh 11466

Contact Details:
Telephone: +966 11 2939595
Fax:  +966 11 2937273
E-mail:  ir@saudinetworkers.com