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Page 1:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 2:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 3:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 4:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 5:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 6:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 7:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 8:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 9:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 10:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 11:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 12:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 13:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 14:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 15:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 16:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 17:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 18:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 19:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 20:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 21:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 22:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia
Page 23:  · Almarai 21 February 2019 Private and confidential To Shareholders, Almarai Company, (A Saudi Joint Stock Company) Riyadh, Kingdom of Saudi Arabia

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