SICO BSC c : EGM 25 January 2023

Extraordinary General Meeting Results

To: Bahrain Bourse

The EGM of SICO B.S.C (c) ("SICO" or "Company") was held on Wednesday, January 25, 2023, at 10:00 am at the Board Room in its offices on the 14th floor of East Tower, Bahrain World Trade Center, Isa AlKabeer Avenue 365, Block 316, Manama, Kingdom of Bahrain with the presence of shareholders representing approximately 91.44% of the issued share capital satisfying the applicable quorum requirement.

The following items in the agenda have been discussed and approved by shares representing more than ⅔ (two-thirds) of the shares represented at the meeting as prescribed by the Articles of Association of the Company:

1. To Approvethe minutes from the previous Extraordinary General Meeting held on March 23, 2022.
2. To consider the Company's share repurchase of 12,185,626 shares of the Company with a value of BHD 0.157 each, representing up to 2.76% of the Company's issued and outstanding share capital, from an identified seller for an aggregate offer amount of BHD 1,913,143.282.
3. To consider delegation of Ms. Najla Al Shirawi of Bahraini nationality, in her capacity as Chief Executive Officer and Authorized Signatory of the Company, the power the implement the share buy back as per item (2) above, by (A) determining the terms and conditions of the buy-back offer, including, without limitation, the duration of such offer, the conditions, if any, attaching to such offer, subject only to the following limitations: the number of shares that may be repurchased shall not exceed 12,185,626 shares and the offer price per share shall be equal to BHD 0.157 each; and
4. 
   (B) executing and delivering on behalf of the Company all contracts, documents and letters which are necessary or advisable for the purpose of implementing the share buyback, including, without limitation, execution of the offer letter to be directed to the shareholder; executing on behalf of the shareholders any amendment to the Company's memorandum and articles of association; applying on behalf of the Company and/or the shareholders for any implicated governmental authorization; publishing on behalf of the Company any required notice; effecting on behalf of the Company any filing and giving on behalf of the Company any settlement instruction; with full power to sub-delegate to one or more persons, whether acting singly or jointly, the powers delegated hereby.
5. To authorize the board of directors of the Company to utilize the shares repurchased under items
6. 1. and (3) above in any way permitted by applicable laws and regulations, including without limitation, the power to transfer shares to the trustee of the SICO Employee Share Trust for allocation to the plan, or to dispose of the shares through trades on the Bahrain Bourse, private placement or public offer, whether for cash or in-kind consideration, whether at a fixed price, through an auction or through a book-building, as the board of directors, at its discretion, deems suitable having received all necessary regulatory approvals and within 12 months from the date of repurchase of such shares or such longer period as allowed by the Central Bank of Bahrain.
7. To consider waiving any pre-emption right or right of first refusal or right to tender shares to the Company for repurchase that each shareholder might have in respect to any of the transactions contemplated under items (2), (3) and (4) above.

6. To consider delegating to one or more persons the power to effect any amendment to the memorandum and articles of Association of the Company and to execute any instrument in front of a public notary in Bahrain in order to implement transactions contemplated under items (1), (2) (3)

(4) and (5) above.

ﺔﯾدﺎﻌﻟا رﯾﻏ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا عﺎﻣﺗﺟا ﺞﺋﺎﺗﻧ نﻼﻋإ

نﯾرﺣﺑﻟا ﺔﺻروﺑ / ةدﺎﺳﻟا

2023 رﯾﺎﻧﯾ 25 ﻖﻓاوﻣﻟا ءﺎﻌﺑرﻷا موﯾ ("ﺔﻛرﺷﻟا" وأ "وﻛﯾﺳ") (م) ب.م.ش وﻛﯾﺳ ﺔﻛرﺷﻟ ﺔﯾدﺎﻌﻟا رﯾﻏ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا تدﻘﻌﻧا زﻛرﻣ ،ﻲﻗرﺷﻟا جرﺑﻟا نﻣ رﺷﻋ ﻊﺑارﻟا ﻖﺑﺎطﻟا ﻲﻓ ﺎﮭﺑﺗﺎﻛﻣ ﻲﻓ ةرادﻹا سﻠﺟﻣ ﺔﻋﺎﻗ ﻲﻓ ﺎﺣﺎﺑﺻ 10:00 ﺔﻋﺎﺳﻟا مﺎﻣﺗ ﻲﻓ نوﻠﺛﻣﯾ نﯾﻣھﺎﺳﻣ روﺿﺣﺑ نﯾرﺣﺑﻟا ﺔﻛﻠﻣﻣ ،ﺔﻣﺎﻧﻣﻟا ،316 ﻊﻣﺟﻣ ،365 رﯾﺑﻛﻟا ﻰﺳﯾﻋ عرﺎﺷ ،ﻲﻣﻟﺎﻌﻟا يرﺎﺟﺗﻟا نﯾرﺣﺑﻟا

.ﮫﺑ لوﻣﻌﻣﻟا ﻲﻧوﻧﺎﻘﻟا بﺎﺻﻧﻟا طرﺷ نوﻓوﺗﺳﯾ نﯾذﻟا ردﺎﺻﻟا لﺎﻣﻟا سأر نﻣ ٪91.44 ﻲﻟاوﺣ

ﻲﻓ ﺔﻠﺛﻣﻣﻟا مﮭﺳﻷا (ﻲﺛﻠﺛ) 3/2 نﻣ رﺛﻛأ لﺛﻣﺗ مﮭﺳأ لﺑﻗ نﻣ ﺎﮭﯾﻠﻋ ﺔﻘﻓاوﻣﻟاو لﺎﻣﻋﻷا لودﺟ ﻲﻓ ﺔﯾﻟﺎﺗﻟا دوﻧﺑﻟا ﺔﺷﻗﺎﻧﻣ تﻣﺗ : ﺔﻛرﺷﻠﻟ ﻲﺳﺎﺳﻷا مﺎظﻧﻟا هددﺣﯾ ﺎﻣﻟ ﺎﻘﻓو عﺎﻣﺗﺟﻻا

؛2022 سرﺎﻣ 23 ﻲﻓ دﻘﻌﻧﻣﻟا ﺔﯾدﺎﻌﻟا رﯾﻏ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻠﻟ ﻖﺑﺎﺳﻟا عﺎﻣﺗﺟﻻا رﺿﺣﻣ ﻰﻠﻋ ﺔﻗدﺎﺻﻣﻟا .1

لﺛﻣﺗ ﻲﺗﻟاو مﮭﺳﻠﻟ 0.157 ﻲﻧﯾرﺣﺑ رﺎﻧﯾد ﺎھردﻗ ﺔﻣﯾﻘﺑ ﺔﻛرﺷﻟا ﻲﻓ ًﺎﻣﮭﺳ 12,185,626 ءارﺷ ةدﺎﻋإ ﺔﯾﻠﻣﻋ ﻲﻓ رظﻧﻟا .2 ؛1,913,143.282 ﻲﻧﯾرﺣﺑ رﺎﻧﯾد ﻲﻟﺎﻣﺟإ ﻎﻠﺑﻣﺑ ددﺣﻣ مھﺎﺳﻣ نﻣ ردﺎﺻﻟا ﺔﻛرﺷﻟا لﺎﻣ سأر نﻣ 2.76٪ ﻰﻟإ لﺻﯾ ﺎﻣ

،ﺔﻛرﺷﻟا نﻋ ﻊﯾﻗوﺗﻟﺎﺑ ﺔﻟوﺧﻣﻟاو يذﯾﻔﻧﺗﻟا سﯾﺋرﻟا ﺎﮭﺗﻔﺻﺑ ،ﺔﯾﺳﻧﺟﻟا ﺔﯾﻧﯾرﺣﺑ ،يوارﯾﺷﻟا ءﻼﺟﻧ ةدﯾﺳﻟا ضﯾوﻔﺗ ﻲﻓ رظﻧﻟا .3 ﺎﻣﺑ ،ءارﺷﻟا ةدﺎﻋإ ضرﻋ مﺎﻛﺣأو طورﺷ دﯾدﺣﺗ (أ) لﻼﺧ نﻣ ،هﻼﻋأ (2) دﻧﺑﻠﻟ ًﺎﻘﻓو مﮭﺳﻷا ءارﺷ ةدﺎﻋإ ﺔﯾﻠﻣﻋ ذﯾﻔﻧﺗﻟ ﺔطﻠﺳﻟا :ﺔﯾﻟﺎﺗﻟا دوﯾﻘﻠﻟ طﻘﻓ ﻊﺿﺧﺗ ﻲﺗﻟاو ضرﻌﻟا اذﮭﺑ ﺔطﺑﺗرﻣﻟا تدﺟو نإ طورﺷﻟاو ضرﻌﻟا اذھ نﺎﯾرﺳ ةدﻣ رﺻﺣ نود كﻟذ ﻲﻓ 0.157 ـﻟ ًﺎﯾوﺎﺳﻣ دﺣاوﻟا مﮭﺳﻠﻟ ضورﻌﻣﻟا نﻣﺛﻟا نوﻛﯾو 12,185,626 زوﺎﺟﺗﯾ ﻻأ بﺟﯾ ﺎھءارﺷ دﺎﻌﯾ دﻗ ﻲﺗﻟا مﮭﺳﻷا ددﻋ ﺢﺻﻧﯾ وأ ﺔﯾرورﺿ نوﻛﺗ دﻗ ﻲﺗﻟا تﺎﺑﺎطﺧﻟاو ﻖﺋﺎﺛوﻟاو دوﻘﻌﻟا ﻊﯾﻣﺟ ﺔﻛرﺷﻟا نﻋ ﺔﺑﺎﯾﻧ مﯾﻠﺳﺗو ﻊﯾﻗوﺗ (ب) و .ﻲﻧﯾرﺣﺑ رﺎﻧﯾد ﻰﻟإ ًﺎﮭﺟوﻣ نوﻛﯾﻟ ضرﻌﻟا ﺔﻘﯾﺛو ﻊﯾﻗوﺗ ﻰﻠﻋ رﺻﺗﻘﯾ نأ نود نﻣ نﻣﺿﺗﯾ يذﻟاو ،مﮭﺳﻷا ءارﺷ ةدﺎﻋإ ﺔﯾﻠﻣﻋ ذﯾﻔﻧﺗ ضرﻐﻟ ﺎﮭﺑ ﺔﻛرﺷﻟا نﻋ ﺔﺑﺎﯾﻧ تﺎﺑﻠطﻟا مﯾدﻘﺗ ،نﯾﻣھﺎﺳﻣﻟا نﻋ ﺔﺑﺎﯾﻧ ﻲﺳﺎﺳﻷا ﺎﮭﻣﺎظﻧو ﺔﻛرﺷﻟا سﯾﺳﺄﺗ دﻘﻋ ﻰﻠﻋ لﯾدﻌﺗ يأ ﻊﯾﻗوﺗو ،مھﺎﺳﻣﻟا يﺄﺑ ﺔﻛرﺷﻟا نﻋ ﺔﺑﺎﯾﻧﻟﺎﺑ مﺎﯾﻘﻟا ،ﺔﻛرﺷﻟا نﻋ ُﺔﺑﺎﯾﻧ بوﻠطﻣ رﺎﻌﺷإ يأ رﺷﻧ ؛ﺔﺻﺗﺧﻣ ﺔﯾﻣوﻛﺣ ﺔﮭﺟ يأ ىدﻟ نﯾﻣھﺎﺳﻣﻟا وأ/و نﯾدرﻔﻧﻣ ،رﺛﻛأ وأ دﺣاو صﺧﺷ ضﯾوﻔﺗ ﻲﻓ ﺔﻠﻣﺎﻛﻟا ﺔﯾﺣﻼﺻﻟا ﻊﻣ ﺔﻛرﺷﻟا نﻋ ﺔﺑﺎﯾﻧ ﺔﯾوﺳﺗﻟﺎﺑ تﺎﻣﯾﻠﻌﺗ ﮫﯾأ رادﺻإو عادﯾإ

؛دﻧﺗﺳﻣﻟا اذھ بﺟوﻣﺑ ﺔﺣوﻧﻣﻣﻟا تﺎﯾﺣﻼﺻﻟا ضﻌﺑ وأ لﻛ ﻲﻓ نﯾﻌﻣﺗﺟﻣ وأ

ﺔﻘﯾرط يﺄﺑ هﻼﻋأ (3) و (2) دوﻧﺑﻟا بﺟوﻣﺑ ﺎﮭﺋارﺷ دﺎﻌﻣﻟا مﮭﺳﻷا مادﺧﺗﺳﺎﺑ ﺔﻛرﺷﻟا ةرادإ سﻠﺟﻣ ضﯾوﻔﺗ ﻲﻓ رظﻧﻟا .4 لﯾوﺣﺗﻟا لﻼﺧ نﻣ كﻟذ و مﮭﺳﻷﺎﺑ فرﺻﺗﻟا ﺔﯾﺣﻼﺻ ﻰﻠﻋ رﺻﺗﻘﯾ ﻻ و لﻣﺷﯾ ﺎﻣﺑ ،ﺎﮭﺑ لوﻣﻌﻣﻟا ﺢﺋاوﻠﻟاو نﯾﻧاوﻘﻟا ﺎﮭﺑ ﺢﻣﺳﺗ حرطﻟا وأ صﺎﺧﻟا بﺎﺗﺗﻛﻻا وأ نﯾرﺣﺑﻟا ﺔﺻروﺑ ﻲﻓ لوادﺗﻟا وأ ،ﺔﯾﻠﺑﻘﺗﺳﻣﻟا تﺎﺻﯾﺻﺧﺗﻠﻟ وﻛﯾﺳ ﻲﻔظوﻣ مﮭﺳأ ةدﮭﻋ ﻲﺻو ﻰﻟإ سﻠﺟﻣ هارﯾ ﺎﻣﻟ ًﺎﻘﻓو كﻟذ و ،يرﻌﺳﻟا ءﺎﻧﺑﻟا لﻼﺧ نﻣ وأ دازﻣ لﻼﺧ نﻣ وأ تﺑﺎﺛ رﻌﺳﺑ وأ ،ًﺎﻧﯾﻋ وأ ًادﻘﻧ كﻟذ نﺎﻛ ًاءاوﺳ مﺎﻌﻟا ﺔﯾﻠﻣﻋ ﺦﯾرﺎﺗ نﻣ ًارﮭﺷ 12 لﻼﺧ كﻟذو ﺔﻣزﻼﻟا ﺔﯾﻣﯾظﻧﺗﻟا تﺎﻘﻓاوﻣﻟا ﻊﯾﻣﺟ ﻲﻘﻠﺗ دﻌﺑ كﻟذ و ،هرﯾدﻘﺗ بﺳﺣ ًﺎﺑﺳﺎﻧﻣ ةرادﻹا

؛يزﻛرﻣﻟا نﯾرﺣﺑﻟا فرﺻﻣ لﺑﻗ نﻣ ﺎﮭﺑ حوﻣﺳﻣﻟا لوطﻷا ةرﺗﻔﻟا وأ مﮭﺳﻷا كﻠﺗ ءارﺷ ةدﺎﻋإ

نوﻛﯾ دﻗ ىذﻟاو ﺎﮭﺋارﺷ ةدﺎﻋﻹ ﺔﻛرﺷﻠﻟ ﮫﻣﮭﺳأ حرط ﻖﺣ وأ لوﻷا ضﻓرﻟا ﻖﺣ وأ ﺔﯾوﻟوأ ﻖﺣ يأ نﻋ لزﺎﻧﺗﻟا ﻲﻓ رظﻧﻟا .5 ؛هﻼﻋأ (4) و (3) ،(2) دوﻧﺑﻟﺎﺑ ﺎﮭﯾﻠﻋ صوﺻﻧﻣﻟا تﻼﻣﺎﻌﻣﻟا نﻣ يﺄﺑ ﻖﻠﻌﺗﯾ ﺎﻣﯾﻓ مھﺎﺳﻣ لﻛﻟ ﻖﺣﺗﺳﻣ

مﺎﻣأ دﻧﺗﺳﻣ يأ ﻊﯾﻗوﺗو ﺔﻛرﺷﻠﻟ ﻲﺳﺎﺳﻷا مﺎظﻧﻟاو سﯾﺳﺄﺗﻟا دﻘﻋ ﻰﻠﻋ لﯾدﻌﺗ يأ ءارﺟﻹ رﺛﻛأ وأ صﺧﺷ ضﯾوﻔﺗ ﻲﻓ رظﻧﻟا .6

.هﻼﻋأ (5) و (4) ،(3) ،(2) ،(1) دوﻧﺑﻟا ﻲﻓ ﺎﮭﯾﻠﻋ صوﺻﻧﻣﻟا تﺎﯾﻠﻣﻌﻟا ذﯾﻔﻧﺗ لﺟأ نﻣ نﯾرﺣﺑﻟا ﻲﻓ لدﻌﻟا بﺗﺎﻛ

Name	Mohamed Juma		ﻢﺳﻹا
Title	Head of Compliance & MLRO		ف
	��ﻇﻮﻟا �ﺴﻤﻟا
			ي
	ش	Signature ﻊﻴﻗﻮﺘﻟا
Company Seal ﺔﻛ�ﻟا ﻢﺘﺧ

P.P.