Vote on the Independent Auditor Report for the Financial Year ended 31-12-2022. 2

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STREET 198, SECOND INDUSTRIAL AREA 14333 RIYADH, SAUDI ARABIA

Saudilime.com

عراش 198 ةيناثلا ةيعانصلا ةنيدملا .

14333 ةيدوعسلا ةيبرعلا ةكلمملا .ضايرلا ةمهاسم ةكرش

عوفدملا لاملا سأر 220

ريال نويلم +966 11 265 2929

CR Number 1010011738

2

Vote on the Independent Auditor Report for the

Financial Year ended 31-12-2022.

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Saudilime.com

عرﺎﺷ 198 ﺔﯾﻧﺎﺛﻟا ﺔﯾﻋﺎﻧﺻﻟا ﺔﻧﯾدﻣﻟا .

14333 ﺔﯾﺑرﻌﻟا ﺔﻛﻠﻣﻣﻟا .ضﺎﯾرﻟا ﺔﯾدوﻌﺳﻟا

ﺔﻣھﺎﺳﻣ ﺔﻛرﺷ عوﻓدﻣﻟا لﺎﻣﻟا سأر 220

﷼ نوﯾﻠﻣ +966 11 265 2929

Audit Committee report to the AGM For the fiscal year ended 31 December

2022 AD

Dear Shareholders of Saudi Lime Industries Co.

In accordance with Article 122 of the corporate law and Article 88 of the CMA Governance

Regulations, the Audit Committee of Saudi Lime Industries Company (the Company) submits to the company's shareholders its following report for the fiscal year ended 31 December 2022:

First: Audit Committee Members

There is a change occurred in the formation of the committee by the Extraordinary General Assembly on the date of 04/25/2022 AD by appointing Mr.Ihsan Emam Makhdoom as a member of the committee for the remainder of the current session, to succeed Mr. Ghassan Sofi whose resignation was approved in the General

Assembly on 01/26/2022 AD The members of the committee are as follows:

1-Ali Ayad AL Qahtani Chairman 2-Abdulaziz Tariq Al Bassam Member 3-Ehsan Emam Makhdoom Member 4- Ghassan Alsoufi Resigned

Second: Financial statements and external auditors

- Review and evaluate the proposals

submitted for the purpose of appointing the external auditor for the fiscal year 2022 AD and select the best among them.

- Provide a recommendation to the Board of Directors and the AGM to appoint the external auditor for the fiscal year 2022AD.

- Review the external auditor's plan for the annual audit of the fiscal year 2022 AD.

ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ﻰﻟا ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ رﯾرﻘﺗ ﻓ ﺔﯾﮭﺗﻧﻣﻟا ﺔﯾﻟﺎﻣﻟا ﺔﻧﺳﻟا نﻋ

ﻲ م 2022 رﺑﻣﺳﯾد 31

نﯾرﻗوﻣﻟا ﺔﯾرﯾﺟﻟا تﺎﻋﺎﻧﺻﻠﻟ ﺔﯾدوﻌﺳﻟا ﺔﻛرﺷﻟا ﻲﻣھﺎﺳﻣ /ةدﺎﺳﻟا مﻗر ةدﺎﻣﻠﻟ ًﺎﻘﻓو 122

ةدﺎﻣﻟاو تﺎﻛرﺷﻟا مﺎظﻧ نﻣ 88

ﺔﺣﺋﻻ نﻣ

ﺔﻣﻛوﺣﻟا ُﺗ ,ﺔﯾﻟﺎﻣﻟا قوﺳﻟا ﺔﺋﯾھ نﻋ ةردﺎﺻﻟا

ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ مدﻘ

ﻲﻣھﺎﺳﻣ ﻰﻟإ (ﺔﻛرﺷﻟا) ﺔﯾرﯾﺟﻟا تﺎﻋﺎﻧﺻﻠﻟ ﺔﯾدوﻌﺳﻟا ﺔﻛرﺷﻠﻟ ﺎھرﯾرﻘﺗ ﺔﻛرﺷﻟا

ﻲﻓ ﺔﯾﮭﺗﻧﻣﻟا ﺔﯾﻟﺎﻣﻟا ﺔﻧﺳﻟا نﻋ 31

رﺑﻣﺳﯾد

2022 :م

ﺔﻧﺟﻠﻟا ءﺎﺿﻋأ :ﻻوأ ﺔﯾدﺎﻌﻟا رﯾﻏ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا لﺑﻗ نﻣ ﺔﻧﺟﻠﻟا لﯾﻛﺷﺗ ﻰﻠﻋ رﯾﯾﻐﺗ ثدﺣ ﺦﯾرﺎﺗ ﻲﻓ 25

/ 04 / 2022 نﺎﺳﺣا /دﯾﺳﻟا نﯾﯾﻌﺗﺑ م ا

مودﺧﻣ مﺎﻣ

ُﻣﻟا ةرﺗﻔﻠﻟ ﺔﻧﺟﻠﻟا ﻲﻓ ًاوﺿﻋ /دﯾﺳﻠﻟ ًﺎﻔﻠﺧ ﺔﯾﻟﺎﺣﻟا ةوردﻟا نﻣ ﺔﯾﻘﺑﺗ

ﺦﯾرﺎﺗﺑ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟا ﻲﻓ ﮫﺗﻟﺎﻘﺗﺳا دﺎﻣﺗﻋا مﺗ يذﻟا ﻲﻓوﺻ نﺎﺳﻏ 26 / 01 / 2022 .م

:ﻲﻟﺎﺗﻟا بﺳﺣ ءﺎﺿﻋﻷا نﻣ ﺔﻧﺟﻠﻟا نوﻛﺗﺗو 1 - ﺔﻧﺟﻠﻟا سﯾﺋر ﻲﻧﺎطﺣﻘﻟا ضﯾﺎﻋ ﻲﻠﻋ

2 - وﺿﻋ مﺎﺳﺑﻟا قرﺎط زﯾزﻌﻟادﺑﻋ

3 - مودﺧﻣ مﺎﻣأ نﺎﺳﺣا وﺿﻋ

4 - لﯾﻘﺗﺳﻣ ﻲﻓوﺻﻟا نﺎﺳﻏ

نﯾﯾﺟرﺎﺧﻟا نﯾﻌﺟارﻣﻟاو ﺔﯾﻟﺎﻣﻟا مﺋاوﻘﻟا :ًﺎﯾﻧﺎﺛ - ﻲﺟرﺎﺧﻟا ﻊﺟارﻣﻟا نﯾﯾﻌﺗﺑ ﺔﺻﺎﺧﻟا ضورﻌﻟا ﺔﻌﺟارﻣ

ﻲﻟﺎﻣﻟا مﺎﻌﻠﻟ 2022

نﻣ لﺿﻓﻷا رﺎﯾﺗﺧاو م .ﺎﮭﻧﯾﺑ

- نﯾﯾﻌﺗﺑ ﺔﯾدﺎﻌﻟا ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻟاو ةرادﻹا سﻠﺟﻣﻟ ﺔﯾﺻوﺗﻟا

ﻲﻟﺎﻣﻟا مﻟﺎﻌﻠﻟ ﻲﺟرﺎﺧﻟا تﺎﺑﺎﺳﺣﻟا ﻊﺟارﻣ 2022

.م

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﷼ نوﯾﻠﻣ +966 11 265 2929

- Analyze the company's interim financial statements and annual financial

statements and discuss them with the company's management and external auditor and express the necessary opinion observations and recommendations before responding them to the Board of Directors.

- Examine the applicable accounting policies and give the opinion and remarks in order to ensure that they are appropriate to the nature of the company's activities and its commitment to the application of the approved international accounting standards.

- Review and discuss the remarks contained in the company's external auditor's reports and follow up on the updates.

- Recommended the quarterly and annual financial statements for approval.

Third: Internal audit

- Reviewing the internal auditor's work plan for the fiscal year 2023 AD.

- Review the periodic report for internal audit and evaluate the achievements and developments achieved, as well as follow up the results of the audit work on a semi-annual.

- Assess the extent to which management responds to internal audit remarks and recommendations.

- مﺎﻌﻠﻟ ﺔﯾوﻧﺳﻟا ﺔﻌﺟارﻣﻠﻟ ﻲﺟرﺎﺧﻟا ﻊﺟارﻣﻟا ﺔطﺧ ﺔﻌﺟارﻣ

ﻲﻟﺎﻣﻟا 2022 .م

- ﺔﯾوﻧﺳﻟا ﺔﯾﻟﺎﻣﻟا مﺋاوﻘﻟاو ﺔﯾﻟوﻷا ﺔﯾﻟﺎﻣﻟا مﺋاوﻘﻟا ﺔﺳارد

ةرادإ ﻊﻣ ﺎﮭﺗﺷﻗﺎﻧﻣو ﻲﺟرﺎﺧﻟا تﺎﺑﺎﺳﺣﻟا ﻊﺟارﻣو ﺔﻛرﺷﻟا

ﺎﮭﻧﺄﺷﺑ ﺔﻣزﻼﻟا تﺎﯾﺻوﺗﻟاو تﺎظﺣﻼﻣﻟاو يأرﻟا ءادﺑإو .ةرادﻹا سﻠﺟﻣ ﻰﻠﻋ ﺎﮭﺿرﻋ لﺑﻗ

يأرﻟا ءادﺑإو ﺔﻌﺑﺗُﻣﻟا ﺔﯾﺑﺳﺎﺣﻣﻟا تﺎﺳﺎﯾﺳﻟا ﺔﺳارد - ﺔطﺷﻧأ ﺔﻌﯾﺑط ﻊﻣ ﺎﮭﺗﻣﺋﻼﻣ نﻣ دﻛﺄﺗﻠﻟ ﺎﮭﯾﻓ تﺎظﺣﻼﻣﻟاو ﺔﯾﻟودﻟا ﺔﺑﺳﺎﺣﻣﻟا رﯾﯾﺎﻌﻣ ﻖﯾﺑطﺗﺑ ﺎﮭﺗﺎﻣازﺗﻟاو ﺔﻛرﺷﻟا

.ةدﻣﺗﻌُﻣﻟا - ﻊﺟارﻣ رﯾرﺎﻘﺗﺑ ةدراوﻟا تﺎظﺣﻼﻣﻟا ﺔﺷﻗﺎﻧﻣو ﺔﺳارد نﻣ ﺎﮭﻧﺄﺷﺑ مﺗ ﺎﻣ ﺔﻌﺑﺎﺗﻣو ﺔﻛرﺷﻠﻟ ﻲﺟرﺎﺧﻟا تﺎﺑﺎﺳﺣﻟا .تادﺟﺗﺳﻣ

- ﺔﯾوﻧﺳ فﺻﻧﻟا ﺔﯾﻟﺎﻣﻟا مﺋاوﻘﻟا دﺎﻣﺗﻋﺈﺑ ﺔﯾﺻوﺗﻟاو ﺔﻌﺟارﻣﻟا

.ﺔﯾوﻧﺳﻟاو

ﺔﯾﻠﺧادﻟا ﺔﻌﺟارﻣﻟا :ًﺎﺛﻟﺎﺛ - مﺎﻌﻠﻟ ﻲﻠﺧادﻟا ﻊﺟارﻣﻟا لﻣﻋ ﺔطﺧ ﺔﻌﺟارﻣ ﻲﻟﺎﻣﻟا

2023 .م

- مﺗ ﺎﻣ مﯾﯾﻘﺗو ﺔﯾﻠﺧادﻟا ﺔﻌﺟارﻣﻠﻟ يرودﻟا رﯾرﻘﺗﻟا ﺔﻌﺟارﻣ ﺞﺋﺎﺗﻧ ﺔﻌﺑﺎﺗﻣ كﻟذﻛو ,تاروطﺗو تازﺎﺟﻧإ نﻣ ﮫﻘﯾﻘﺣﺗ .يوﻧﺳ فﺻﻧ لﻛﺷﺑ ﺔﻌﺟارﻣﻟا لﺎﻣﻋأ

- ﻊﺟارﻣﻟا تﺎﯾﺻوﺗو تﺎظﺣﻼﻣﻟ ةرادﻹا ﺔﺑﺎﺟﺗﺳإ ىدﻣ مﯾﯾﻘﺗ

.ﻲﻠﺧادﻟا

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Fourthly: Committee meetings for 2022

The committee held (2) two meetings during fiscal year 2022 AD.

Fifth: Conclusion

Based on the reports submitted to the Committee by internal and external auditors, the audit

Committee does not find any significant

observations affecting the company's business in those reports and that the company's internal control and risk management systems have been properly designed and effectively implemented.

Ali Ayad AL Qahtani

Chairman of the Audit committee.

مﺎﻋ نﻋ ﺔﻧﺟﻠﻟا تﺎﻋﺎﻣﺗﺟإ :ﺎﻌﺑار 2022

م

تدﻘﻋ ) ﺔﻧﺟﻠﻟا 2 مﺎﻋ لﻼﺧ نﺎﻋﺎﻣﺗﺟا ( 2022

.م

ﺔﻣﺗﺎﺧﻟا :ًﺎﺳﻣﺎﺧ نﯾﯾﻠﺧادﻟا نﯾﻌﺟارﻣﻟا رﯾرﺎﻘﺗ نﻣ ﺔﻧﺟﻠﻟا ﻰﻠﻋ ﮫﺿرﻋ مﺗ ﺎﻣ ﻰﻠﻋ ًءﺎﻧﺑ ﺔﯾأ رﯾرﺎﻘﺗﻟا كﻠﺗ ﻲﻓ ىرﺗ ﻻ ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ نﺈﻓ ,نﯾﯾﺟرﺎﺧﻟاو ﺔﺑﺎﻗرﻟا مظﻧ نأو ﺔﻛرﺷﻟا لﺎﻣﻋأ رﯾﺳ ﻰﻠﻋ رﺛؤﺗ ﺔﯾرھوﺟ تﺎظﺣﻼﻣ سﺳأ ﻰﻠﻋ ﺎھدادﻋإ مﺗ دﻗ ﺔﻛرﺷﻟا ﻲﻓ رطﺎﺧﻣﻟا ةرادإو ﺔﯾﻠﺧادﻟا ﯾﻠﻋﺎﻔﺑ ﺎھذﯾﻔﻧﺗ مﺗو ﺔﻣﯾﻠﺳ .ﺔ

.ﻲﻧﺎطﺣﻘﻟا ضﯾﺎﻋ ﻲﻠﻋ

.ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ سﯾﺋر

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عراش 198 . ةيناثلا ةيعانصلا ةنيدملا

ريال نويلم +966 11 265 2929

3

View and discuss the Financial Statements for the

Financial Year ended in 31-12-20.22

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عراش 198 ةنيدملا . ةيناثلا ةيعانصلا

ريال نويلم +966 11 265 2929

4

Vote on the appointment of the company’s External Auditor from among the candidates nominated based on the recommendation of Audit Committee, to review and audit financial statements for the first quarter, second quarter

third quarter, fourth quarter and the annual for the financial year 2023, in

addition to the first quarter of the financial year 2024 and determine its fees.

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+966 11 265 2929 CR Number 1010011738

Saudilime.com

عراش 198 ةيناثلا ةيعانصلا ةنيدملا .

ريال نويلم

CO Review 30 June 2023 Audit Full Year 20232023 Total

Bakertilly 65,000 295,000 360,000

BDO 100,000 300,000 400,000

Auditors presentations for the year 2023

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Page 1 of 1

Audit committee recommendation ﺔﻌﺟاﺮﻤﻟا ﺔﻨﺠﻟ ﺔﯿﺻﻮﺗ

Audit Committee Resolution Appointment of for the External Auditor

Reference to the RFPs sent to a number of external auditors to provide their proposals for the review of the Financial Statements of Saudi Lime Industries Company for FY 2023, which were as follows:

Fees External Auditor

No.

360,000 Bakertilly

1

400,000 BDO

2

And in accordance with Audit Committee Charters and the rules and regulations issued by CMA, and after reviewing the proposals received from the external auditors, the Audit Committee has resolved to recommend to the General Assembly the appointment of one of the below firms:

Fees External Auditor

No.

360,000 Bakertilly

1

400,000 BDO

2

ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ رارﻗ رﺎﺧﻟا ﻊﺟارﻣﻟا نﯾﯾﻌﺗﻟ ﻲﺟ

مدﻘﺗﻠﻟ تﺎﺑﺎﺳﺣﻟا ﻲﻌﺟارﻣ بﺗﺎﻛﻣ نﻣ ددﻌﻟ ﺔﮭﺟوﻣﻟا ةوﻋدﻟا ﻰﻠﻋ ءﺎﻧﺑ رﻌﺑ تﺎﻋﺎﻧﺻﻠﻟ ﺔﯾدوﻌﺳﻟا ﺔﻛرﺷﻠﻟ ﺔﯾﻟﺎﻣﻟا مﺋاوﻘﻟا ﺔﻌﺟارﻣﻟ ﺎﮭﺿو

ﺔﯾﻟﺎﻣﻟا ﺔﻧﺳﻠﻟ ﺔﯾرﯾﺟﻟا 2023

:ﻲﻟﺎﺗﻟا وﺣﻧﻟا ﻰﻠﻋ تءﺎﺟ ﻲﺗﻟاو , م

مﻗر ﻲﺟرﺎﺧﻟا ﻊﺟارﻣﻟا

بﺎﻌﺗﻷا

1 رﻛﯾﺑ ﺔﻛرﺷ ﮫﺋﺎﻛرﺷو ﻲﻠﯾﺗ 360,000

2 ﮫﺋﺎﻛرﺷو يرﻣﻌﻟا دﻣﺣﻣ /روﺗﻛدﻟا ﺔﻛرﺷ 400,000

ﺔﯾﻟﺎﻣﻟا قوﺳﻟا ﺔﺋﯾھ ﺢﺋاوﻟو ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ ﺔﺣﺋﻻ ﮫﯾﺿﺗﻘﺗ ﺎﻣ بﺳﺣو ﻹ ﻹا دﻌﺑو ,ﺔﻣھﺎﺳﻣﻟا ﺔﻛرﺷﻟا تﺎﺑﺎﺳﺣ ﻲﻌﺟارﻣ رﺎﯾﺗﺧ ﻰﻠﻋ عﻼط

ُﻣﻟا ضورﻌﻟا ﺔﻠﺳر

بﺗﺎﻛﻣﻟا هذھ لﺑﻗ نﻣ ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ ﻲﺻوﺗ

دﺣأ رﺎﯾﺗﺧﺈﺑ ﺔﻣﺎﻌﻟا ﺔﯾﻌﻣﺟﻠﻟ ﺔﯾرﯾﺟﻟا تﺎﻋﺎﻧﺻﻠﻟ ﺔﯾدوﻌﺳﻟا ﺔﻛرﺷﻠﻟ ﺔﯾﻟﺎﺗﻟا نﯾﻌﺟارﻣﻟا :مﮭﺋﺎﻣﺳأ

مﻗر ﻲﺟرﺎﺧﻟا ﻊﺟارﻣﻟا

بﺎﻌﺗﻷا

1 ﮫﺋﺎﻛرﺷو ﻲﻠﯾﺗرﻛﯾﺑ ﺔﻛرﺷ 360,000

2 ﮫﺋﺎﻛرﺷو يرﻣﻌﻟا دﻣﺣﻣ /روﺗﻛدﻟا ﺔﻛرﺷ 400,000

***********************

Audit Committee Members

ﺔﻌﺟارﻣﻟا ﺔﻧﺟﻟ ءﺎــﺿﻋأ

Mr. Ali Ayed Al-Qahtani

Chairman ...

ﻲﻧﺎطﺣﻘﻟا ضﯾﺎﻋ ﻲ ﻠﻋ / دﯾﺳﻟ ا

سﯾﺋر ﺔﻧﺟﻠﻟا

Mr. Abdulaziz Tariq Al-Bassam

...

مﺎﺳﺑﻟا قرﺎط زﯾزﻌﻟادﺑﻋ /دﯾﺳﻟا

Mr. Ehsan Imam Makhdoom

...

مودﺧﻣ مﺎﻣا نﺎﺳﺣا /دﯾﺳﻟا

(46)

Subject:

From: aIi AI-Qahtani

Sent: Tuesday, May 16, 2023 6:20 PM Subject: Re: ...::.,yL,,,.;,J\

LPJ..o IJ"'.9r I

^Approved

On Tue, 16 May 2023 at 5:33 PM Abdulaziz B wrote:

�r)LJI

On Tue, 16 May 2023 at 17:30 Ehsan Makhdoum wrote: