Board Meeting no. (4/2/2022) on June 21, 2022

The Board of Directors held its meeting no. (4/2/2022) on Tuesday, June 21, 2022 at 5:30 pm at the headquarters of the Riffa Views Company, and issued its decisions according to the items below:

1. Approval of the Minutes of Meeting No. 3/2/2022 held on May 24, 2022:

The Board approved the minutes of the previous meeting, with the required amendments.

2. Association Manager's Report for the Month of May 2022:

The Association Manager provided an overview of the key points in the report. During the discussion, the Association Manager was tasked with the following:

- Prepare a list of the Board decisions included in the minutes of meetings, update it continuously, and send it to the Board members after each regular meeting.

- Develop a concept for implementing the "Association Shield" project, which will bear the logo and name of the Riffa Views Owners Association.

- Coordinate with landscape maintenance service providers to increase the planting of trees that provide shade and grow both horizontally and vertically.

3. Signing the Service Provider Contracts:

The Board Treasurer reviewed the finalized versions of the Riffa Views service provider contracts. After discussion, the Board agreed to renew and sign these contracts as per the following details:

1. Association Manager contract with RV Real Estate Company from April 1, 2022, to March 31, 2024.

2. Maintenance services for agricultural areas in the Lagoon and Oasis areas with Gulf Fencing & Specialist Surfacing Est. from June 1, 2022, to May 31, 2023.

3. Maintenance services for agricultural areas in the Park area with Kingdom Landscape from July 1, 2022, to June 30, 2024.

4. Cleaning and waste collection contract with Urbaser Bahrain Co. WLL from June 1, 2022, to December 31, 2023.

5. STP operator contract with Metito Overseas Water Treatment WLL from March 1, 2022, to February 24, 2024.

6. Security services contract with Security Solutions Co. WLL from April 15, 2022, to April 14, 2024.

7. Pest control contract with Gulf Pest Control from March 1, 2022, to February 28, 2023.

4. Adoption of the Final Version of the Master Transfer Agreement:

The Association Manager reported that the final draft of the Master Transfer Agreement (MTA) has been completed and is expected to be signed in July 2022. He also noted that Riffa Views (the Developer) has initiated procedures with the relevant government authorities to register and approve the Riffa Views Master Plan, and the Board will be informed of any developments.

5. Agricultural Sub-Committee and Social and Cultural Sub-Committee:

The Board reviewed the latest updates from the Agricultural Sub-Committee and the Social and Cultural Sub-Committee, which were recently formed with the participation of several Riffa Views residents.

Ms. Reem Akbari, head of the Agricultural Sub-Committee, reported that the first coordination meeting, held on June 7, 2022, addressed many important topics related to agricultural development projects in various areas of Riffa Views, and the committee will soon begin submitting proposals and organizing events.

Mr. Akram Hage, head of the Social and Cultural Sub-Committee, reported that the first coordination meeting, held on June 6, 2022, discussed the implementation of several events and activities during the upcoming summer period, which will be approved in coordination with the Board of Directors.

6. Proposal to Establish a Solar Power Plant Submitted by a Company:

The Board reviewed the outcomes of the meeting held on June 21, 2022, with officials from a company specializing in solar power generation, attended by the Board Chairman, Vice Chairman, and the Association Manager. The Board Chairman explained that the company submitted two proposals for establishing a solar power plant by installing glass panels. The company was directed to resubmit its proposal with a focus on achieving the general interest of the Association and clarifying the benefits that the Association will receive.

7. Proposal to Establish Riffa Views Nursery:

The discussion of this item was postponed until the project proposal is finalized by the Association Manager.

8. New Business:

Under this item, the Board discussed the following topics:

1. Opening Unrestricted Investment Accounts with Kuwait Finance House:

After reviewing Resolution No. (1) of 2020, issued on May 7, 2020, specifically Article (34) regarding the operation of the bank account, the Board decided to open unrestricted investment accounts with Kuwait Finance House for periods ranging from 6 months to one year.

2. Fencing the Boundaries Overlooking the Lakes in Riffa Views:

The Board discussed the importance of fencing the boundaries overlooking the lakes in Riffa Views due to the danger these lakes pose to children and young people in the agricultural areas and gardens. The Board also discussed the need to place warning signs. After discussion, the Board decided to task the Association Manager with submitting a proposal for implementing this project.

The meeting ended at 7:00 pm.