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Corporate Governance

Conflicts of Interest and Related Party Transactions

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Almarai has a written policy on conflicts of interest that applies to members of the Board of Directors, senior executives, and shareholders. Any potential conflict of interest that requires approval is notified to the General Assembly.

Related party transactions, including any business or contract in which a member of the Board of Directors or senior executive has a direct or indirect interest, are disclosed in accordance with the Corporate Governance Regulations.

Dealings During 2025

During the normal course of its operations in 2025, Almarai carried out the following significant transactions with related parties, which required approval from the General Assembly and were conducted on an arm’s length basis and under commercial terms.

Member

Nature of Dealing

Amount X '000

Period

Conditions

Chairman / HH Prince Naif Bin Sultan Bin Mohammed Bin Saud Al Kabeer

Mobile Telecommunication Company Saudi (ZAIN)

Telecommunication services

                                                                                16,904

2025

Commercial condition prevailing in the market

Savola Group (Mr. Suliman A. Almuhaideb, Mr. Bader Abdullah Al Issa and Mr. Waleed Khalid Fatani*)

Panda Retail Company

Product Sales

                                                                           1,131,529

2025

Commercial condition prevailing in the market

United Sugar Company

Purchasing

                                                                               38,077

2025

Commercial condition prevailing in the market

Herfy Food Services Co.

Product Sales

                                                                                  4,590

2025

Commercial condition prevailing in the market

International Food Industries Co

Purchasing

                                                                               121,377

2025

Commercial condition prevailing in the market

Mr. Bader Bin  Abdullah Al Issa

Banque Saudi Fransi

Financing

                                                                               44,292

2025

Commercial condition prevailing in the market

Arabian Shield Cooperative Insurance Company (HH Prince Naif Bin Sultan Bin Mohammed Bin Saud Al Kabeer, Mr.Salman Abdelmuhsin Alsudeary)

Arabian Shield Cooperative Insurance Company

Insurance

                                                                             222,052

2025

Commercial condition prevailing in the market

 HH Prince Saud Bin Sultan Bin Mohammed Bin Saud Al Kabeer

30Export Customer

Product Sales

                                                                                  1,248

2025

Commercial condition prevailing in the market

Engr. Ammar Bin Abdulwahid Alkhudairy

Saudi Pharmaceutical Industries & Medical
Appliances Corporation (“SPIMACO”).

Purchasing

                                                                                        93

2025

Commercial condition prevailing in the market

Alkhorayef Lubricant Co.

Purchasing

                                                                                14,549

2025

Commercial condition prevailing in the market

Al Khorayef Commercial Co.Ltd

Purchasing

                                                                               35,350

2025

Commercial condition prevailing in the market

Mr.Mohammed Mansour Almousa**

Abdullah Al Othaim Markets

Product Sales

                                                                              860,511

2025

Commercial condition prevailing in the market

Minerva Sa

Services

                                                                                 4,024

2025

Commercial condition prevailing in the market

Burgerizzr

Product Sales 

                                                                                       271

2025

Commercial condition prevailing in the market

Mr. Hosam Ali Alqurashi*

Saudi Coffee Company

Product Sales 

                                                                                         35

2025

Commercial condition prevailing in the market

Spinneys Company

Product Sales 

                                                                                19,492

2025

Commercial condition prevailing in the market

Mr.Salman Abdelmuhsin Alsudeary

SOL Company for Trading (JAHEZ)

Product Sales

3,700

2025

Commercial condition prevailing in the market

*Membership Ended on 6 August 2025

**Membership Ended on 16 November 2025