The Board of Directors held its meeting no. (8/3/2024) on Wednesday, November 27, 2024 at 5:00 pm at the headquarters of the Riffa Views Company, and issued its decisions according to the items below: 1. Approval of Meeting Minutes No. 7/3/2024 held on November 5, 2024 The Board approved the previous meeting minutes. 2. Monthly Report from the Association Manager for October 2024 The Association Manager presented the monthly report for October 2024, and members raised some comments that were addressed by the Association Manager. 3. Output from the Second Social Meeting for Riffa Views Residents on November 25, 2024 The Association Manager presented a report on the feedback and suggestions received from the Riffa Views residents who participated in the second social meeting held on November 25, 2024, at the Royal Golf Club. After discussion, the Association Manager was assigned to study the following comments and provide the Board with his opinion on them: 1. Attracting talents and utilizing their experiences and knowledge through the implementation of targeted programs and events. 2. Creating pigeon and bird houses in the communal gardens to reduce their waste. 3. Solving the increasing problem of dog waste in communal gardens. 4. Designating specific areas for pet dog walks in some of the communal gardens. 5. Sorting and collecting waste to encourage residents to recycle, especially plastic waste. 6. Removal of poisonous trees. 7. Identifying locations for installing commercial advertisements to support the budget. 8. Launching events and activities for adults. 9. Establishing a dedicated fitness center for Riffa Views residents. 10. Utilizing the new Garden Area park for events and activities, and allocating a budget for its optimal use. 11. Building padel and tennis courts. 12. Building public libraries and study rooms equipped with hospitality services. 13. Developing Garden Gate from a one-way to a two-way access to ease traffic flow and improve vehicle control systems at the main gates. 14. Improving and upgrading the older communal gardens. 15. Proposing the installation of Road Tunes strips in certain internal streets to alert drivers to reduce speed. 4. Event and Decoration Tender for 2024-2025 The Association Manager presented the technical and financial report on the event and decoration tender for 2024-2025. The Association Manager indicated that on September 25, 2024, invitations were sent to the following companies to participate in the tender: 1. Alhan Events 2. Clockwork 3. Pro Team Events 4. Sun Kids Fun 5. Sweetest Days Parties 6. Eventy Star Media On October 15, 2024, offers were received from all participating companies (in sealed envelopes), except for Sweetest Days Parties, which did not submit an offer. On October 22, 2024, the offers were opened at the Riffa Views Office meeting room. The Association Manager presented the technical and financial evaluation of the tenders based on the specifications outlined in the Request for Proposals (RFP). It is noteworthy that the invited companies were chosen because of their extensive experience in managing events and festivals across Bahrain. After discussion, the Board approved awarding the tender to Alhan Events as they submitted the best technical and financial offer. 5. Opening Investment Deposits at the Ahli United Bank and Bahrain Islamic Bank The Association Manager informed the Board that he had received the necessary forms from Ahli United Bank to open investment deposit accounts and was still awaiting a response from Bahrain Islamic Bank. After discussion, the Board approved opening an account at Ahli United Bank and assigned the Association Manager to expedite the opening of an account at Bahrain Islamic Bank. 6. Principles for Preparing the 2025 Association Budget The Association Manager presented a brief report on the general assumptions for preparing the 2025 association budget, covering the following: - Costs and revenues are based on contracts signed with service providers. - The reserve fund follows the model established from the beginning, calculating a percentage incrementally to reach a balance of 10 million Bahraini Dinars by the end of the twentieth year. The current balance as of the end of 2023 is 860,000 Bahraini Dinars. - Additional built-up areas are considered as additional revenues, not included in the service fees. - Depreciation expenses were added this year due to asset transfer to the Riffa Views Owners Association. - Operating expenses increased by 40% due to the introduction of credit card payment systems, which account for 1.8% of the total budget. - Discount expense represents 1.2% of the total budget, based on last year’s estimates. - Regarding the basis for built-up areas, service fees are charged at 100% for all built units, and 20% is charged on proposed areas for undeveloped land (vacant plots). The Board discussed two options for calculating the service fees: 1. Calculate fees based on the total budget for the original built-up areas. 2. Calculate fees based on the net budget for the original built-up areas. After the discussion, the Board assigned the Association Manager to: - Prepare a proposal to change the methodology of the incremental reserve to a fixed value to limit the increase in annual service fees. - Circulate the proposed 2025 budget to the Board members. - Revisit this item in the next meeting for final budget approval, keeping the service fees at the current rate. 7. Memorandum of Understanding Regarding the Transfer of Fixed Assets from RV Real Estate to the Association The Association Manager reported that all comments requested by the external auditor, KPMG Fakhro, had been sent to enable the auditor to provide his opinion on the memorandum for transferring fixed assets. The Board will be updated on this matter in the next meeting. 8. Preparations for the Sixth Annual General Meeting in 2025 The Association Manager presented his proposal for the date of the sixth Annual General Meeting based on the last meeting held on April 27, 2024. According to the regulations, the Annual General Meeting is held annually, one year after the previous meeting. After discussion, the Board agreed to hold the meeting on Saturday, May 10, 2025, in the morning. 9. Any Other Business The Board did not discuss any other topics under this item. The meeting ended at 7:15 p.m.

The Board of Directors held its meeting no. (7/3/2024) on Tuesday, November 5, 2024 at 5:00 pm at the headquarters of the Riffa Views Company, and issued its decisions according to the items below: 1. Approval of Meeting Minutes No. 6/3/2024 held on September 24, 2024 The Board approved the previous meeting minutes. 2. Monthly Report from the Association Manager for September 2024 The Association Manager presented the monthly report for September 2024, and members raised some comments that were addressed by the Association Manager. 3. Contract Renewal with Security Solution Company The Chairman clarified that he had met with the representatives of Security Solution, the security services provider at Riffa Views, on October 1, 2024, with several Board members present. During the meeting, the renewal of the current contract with the company for 3 years was discussed, and the Board had asked the company to submit a competitive offer in the association’s best interest. Following this, the Association Manager presented the company's proposal, noting that the company had shown notable improvement in key performance indicators. After discussion, the Board made the following decision: Approval to renew the current contract with Security Solution, the security services provider at Riffa Views, for a period of 3 years starting from January 1, 2025, to December 31, 2027, and assigned the Association Manager to prepare the new contract. 4. Contract Renewal with ENOVA Infrastructure Maintenance Company The Chairman reported that a meeting was held with the representatives of ENOVA, the infrastructure maintenance service provider, on September 30, 2024, with several Board members present. The renewal of the current contract for 3 years was discussed, and the Board had asked the company to submit a competitive offer in the association’s best interest. Following this, the Association Manager presented the company's proposal, highlighting that the increased monthly costs were due to an increase in the workforce by 2 employees to cover the required scope of work. The Association Manager also referred to the company’s performance report for the past two years, which had been presented at Board Meeting No. 6/3/2024 on September 24, 2024, and recommended renewing the contract with the company due to their excellent performance in key indicators. The Association Manager further emphasized that ENOVA had proven its reliability and flexibility in meeting all maintenance requirements at Riffa Views. The company’s team had demonstrated competence in handling electrical, mechanical, and plumbing systems (MEP) issues, ensuring the desired level of satisfaction. Additionally, the company supervised all additional works on-site and received a rating of 87% for their recent tender, covering all technical and financial aspects. After the discussion, the Board made the following decision: Approval to renew the current contract with ENOVA, the infrastructure maintenance service provider at Riffa Views, for 3 years starting from January 1, 2025, to December 31, 2027, and assigned the Association Manager to prepare the new contract. The Association Manager was also tasked with coordinating with ENOVA to get a better offer for the unit maintenance services at Riffa Views, as the current cost is not competitive for the residents. 5. Presentation of the Rainwater Drainage Management Execution Plan The Board reviewed the execution plan for rainwater drainage management, which included all ongoing projects to improve and develop the infrastructure aimed at enhancing efforts to manage the effects of heavy rainfall. The plan included the following projects: 1. Construction of 3 rainwater collection channels by the Ministry of Works: The Ministry plans to build 3 channels with a total length of 350 meters, designed to accommodate approximately 3,500 cubic meters of water. 2. Cleaning road drainage outlets: All 606 road drains in the internal streets of Riffa Views will be cleaned. 3. Cleaning rainwater collection pits: 9 water pits direct rainwater, and over time, they accumulate reeds and other vegetation, blocking the pipes. 4. Cleaning and improving drainage outlets to the lagoons: There are 4 outlets in the Lagoon and Oasis areas that direct water from the roads to the lagoons and open areas. 5. Controlling Lagoon water levels: Daily water production ranges from 1,400 to 2,600 cubic meters from the sewage treatment plant (STP) and 5,000 cubic meters from the reverse osmosis (RO) plant, with weather forecasts monitored to control production to allow space for rainwater. 6. Installation of concrete barriers along Road 96 from the Lagoon and Garden areas: These barriers, extending up to 620 meters, will prevent rainwater from flowing into Riffa Views. 7. Improving the existing earth berm along the boundary wall of Road 96: The berm will be reshaped and compacted using water to maximize strength. 8. Improvement of the boundary wall at Lagoon Area: 15 panels of the wall have been improved to prevent water intrusion into Riffa Views. 9. Security fencing at Riffa Views: Several gaps in the boundary fence caused by last season's rains have been filled to prevent stray animals. 10. Land embankment at Riffa Views: 5 vacant plots in the Lagoon area were enclosed to prevent the flow of water and mud during heavy rainfall. 11. Rainwater pumping stations: 5 stations equipped with underground pipes to pump accumulated rainwater. 12. Construction of rainwater storage tanks: 5 tanks have been built in areas prone to rainwater accumulation to increase capacity and facilitate future maintenance. 13. Creation of rainwater drainage outlet in the Oasis Area: A drainage channel was added near O-044 unit to divert water from the street to the nearby lagoon. After discussion, the Board commended the efforts of the Association Manager in overseeing these projects, which will help mitigate the impact of heavy rains. The Board requested the following actions from the Association Manager: - Add a temporary rainwater pumping station at the intersection of Roads 4317 and 4308. - Prepare a comprehensive report to be presented at the next periodic meeting for Riffa Views residents. 6. Memorandum of Cooperation between the Association and Bahrain International Golf Company for Irrigation Water Management In accordance with Article 44 of Resolution No. 1/2020 on the regulation of owners’ associations in joint properties, concerning the disclosure of conflicts of interest, Mr. Abdullah Ahmed Kamal, Vice Chairman of the Board, requested to refrain from participating in the discussion and voting on this item due to a conflict of interest stemming from his work at the asset management company. The Board approved his request. The Board then discussed the final draft of the memorandum of understanding between Bahrain International Golf Company and the Riffa Views Owners Association, which outlines the terms and conditions for operating and maintaining irrigation water facilities, and the cost of water consumption by the association. The Association Manager presented the report, covering the following: - The STP plant has a maximum capacity of 3,600 cubic meters per day, but it has not reached even 50% of this capacity due to the low wastewater output from residential units, Riffa Views International School, Royal Golf Club, Riffa Palms Complex, and A'ali, with the average daily treated water (TSE) in 2023 being about 1,509 cubic meters. - The average daily consumption in 2023 was about 2,094 cubic meters, reaching up to 2,800 cubic meters during the summer months. This leads to a daily shortfall of 585 to 1,480 cubic meters, which is supplied either from the RO desalination plant owned by the Bahrain International Golf Company or from external sources via tankers. To address the shortage of treated water (TSE), two options were considered: - Option 1: Supply of treated water from the Askar Wastewater Treatment Plant at a cost of 750 Bahraini fils per cubic meter. - Option 2: Supply of water from the RO desalination plant at a cost of 175 fils per cubic meter for up to 1,500 cubic meters, with 750 fils per cubic meter for additional consumption. Association Manager's Opinion: - Option 1 is considered too expensive, with logistical challenges and a maximum capacity of only 300 cubic meters per day, which does not meet the association's needs. - Option 2 is more cost-effective and provides a continuous water supply without logistical issues, with water lines already connected to the lagoons. The Board approved the recommendation to proceed with Option 2 for water supply from the RO desalination plant and to contract with Naduki Trading Company for processing sewage from the Al Areen area for 3 years starting from October 1, 2024. 7. Output from the First Social Meeting for Riffa Views Residents on October 28, 2024 The Association Manager presented a report on the feedback and inquiries raised by Riffa Views residents during the first social meeting held on October 28, 2024, at the Royal Golf Club. The Board tasked the Association Manager with studying these points and providing their opinion, which included: 1. Enhance the reserve fund for the association, limiting expenditures to necessary projects. 2. Increase the electrical load on power stations due to additional construction requests. 3. Requests for improvements to the L-10 communal garden. 4. Request to plant trees along the main walkway from the Lagoon Mosque to L-10 communal garden. 5. Inquiries about the approval of the master plan for Riffa Views. 6. Establishment of building standards and specifications for Riffa Views and ensuring residents' adherence. 7. Improvement of vehicle entry control at main gates. 8. Request to change security barriers to a more flexible type to prevent recurring accidents. 9. Solutions to address rats and stray dogs. 10. Execution of impactful projects that do not incur high costs. 11. Discuss potential collaboration with A'ali Hospital, especially in emergencies. 12. Setting a timeline for reporting the achievement of key performance indicators in the strategic plan. 13. Investigating the possibility of creating a sports and social hub for children in one of the parks. 14. Complaints about street closures without prior announcements due to concrete mixing trucks. 15. Complaints regarding increased dog waste in the communal garden near the Lagoon Mosque. 16. Improving traffic signage to enhance traffic flow. 17. The absence of a uniform standard for children's playground equipment in communal garden. 18. Increased demand for parking spaces in front of unit L-231 due to the conversion of current parking spaces into real estate. 8. Sub-Committees' Roles and Responsibilities (Social and Agricultural Committees) The Board discussed the roles and duties of the sub-committees within the Board, emphasizing the need for introductory meetings for the Social and Cultural Committee and the Agricultural Committee. 9. Requests from Association Members to be Presented to the Board The Board discussed several requests from association members and took the necessary action on them. The Board also discussed complaints received from several owners and residents regarding the Halloween celebration held on October 31, 2024, which caused disturbances and noise that affected the residents. After discussion, the Board instructed the Association Manager to send a notice to residents to inform them of the complaints and urge them to avoid activities that could disrupt the peaceful environment of Riffa Views. 10. Any Other Business Under this item, the Board discussed the following topics: 1. Memorandum of Understanding Regarding the Transfer of Fixed Assets from RV Real Estate to the Association The Board reviewed the memorandum of understanding regarding the transfer of fixed assets from RV Real Estate to the association, following the main transfer agreement (MTA) signed by the association on July 20, 2023. The Association Manager informed the Board that, following the establishment of the association in 2020, the association’s accounting books were separated from RV Real Estate, and all assets and liabilities were transferred to the association’s books, excluding the fixed assets like the STP plant. After discussion, the Board assigned the Vice Chairman to review the memorandum and provide their opinion. 2. Board Members' Bonuses for the First Half of the First Year of the 2024-2026 Term The Board reviewed the attendance and participation report of the Board of Directors in the periodic meetings from April 27, 2024, to October 27, 2024. Based on the association’s regulations, the Board approved the payment of bonuses to the Board members for this period. The meeting ended at 7:15 p.m. 

The Board of Directors held its meeting no. (6/3/2024) on Tuesday, September 24, 2024 at 5:00 pm at the headquarters of the Riffa Views Company, and issued its decisions according to the items below: 1. Approval of Meeting Minutes No. 5/3/2024 held on August 27, 2024 The Board approved the previous meeting minutes. 2. Monthly Report from the Association Manager for August 2024 The Board discussed the monthly report for August 2024, and during the meeting, all members' comments were addressed. 3. Approval of the Board of Directors' Strategy and Work Program for 2024–2028 The Board praised the significant efforts made by the members in finalizing the strategy and work program for 2024–2028. The Board also thanked the Association Manager for his initiatives in this regard. During the meeting, the strategy and work program were approved as follows: • Vision: Create a vibrant, harmonious, and prosperous community where residents feel safe, valued, and proud to live. • Mission: Our mission is to commit to transparency, inclusivity, and effective communication to meet the needs of our community, maintain high property management standards, and ensure sustainable development. • Values: 1. Sustainability: Create a sustainable environment that meets current and future needs. 2. Security: Maintain community safety and security. 3. Respect: Adhere to ethical standards in all dealings to ensure trust and fairness. 4. Partnership: Strengthen community partnership programs and highlight their impact on the local community. 5. Excellence: Achieve excellence in property management, community services, and resident satisfaction. • Strategic Goals: 1. Improve infrastructure 2. Encourage environmental sustainability 3. Enhance security measures 4. Improve communication and transparency 5. Strengthen community engagement 6. Optimize administrative and financial planning • Initiatives: 1. Develop and maintain infrastructure 2. Renewable energy for a sustainable community 3. Community safety and security 4. Activate communication platforms 5. Community engagement programs 6. Operational efficiency • Key Projects: 1. Road and facility development 2. Enhancing common areas 3. Green energy solutions 4. Waste reduction and recycling programs 5. Advanced security systems installation 6. Community safety programs 7. Regular reporting 8. Enhanced communication channels 9. Launch of an electronic portal 10. Organizing community events 11. Long-term strategic planning 12. Reserve fund and cost optimization • Performance Indicators: 1. Infrastructure Development: - Project completion rate: 60% or higher - Maintenance schedule compliance: 80% - Field inspection compliance: 100% - Usage rate of new facilities: 70% or higher - Resident satisfaction with facilities: 90% 2. Renewable Energy for a Sustainable Community: - Annual energy consumption reduction: 15% - Recycling rate: 30% or higher - Resident participation in sustainability programs: 10% or higher - Increase in trees and palms annually: 5% - Distribution of seedlings annually: 1,054 3. Community Safety and Security: - Incident handling success rate: 90% or higher - Annual security and safety programs: 4 - Resident satisfaction with safety levels: 4 out of 5 - Annual reduction in safety incidents: 50% - Reduction in safety complaints annually: 10% 4. Communication Platforms Activation: - Periodic reports issued annually: 4 - Resident feedback included in reports: 80% - Resident satisfaction with communication channels: 70% or higher - Resident interaction rate: 60% or higher - Response rate to resident feedback within 24 hours: 90% 5. Community Engagement Program: - Annual community events: 24 or more - Annual participation increase: 10% - Participant satisfaction: 85% - Survey participation increase: 10% annually - User interaction with the portal: 10% quarterly 6. Operational Efficiency: - Achieved strategic objectives: 70% or higher - Long-term initiative completion rate: 70% or higher - Annual cost savings: 3% or more - Priority spending from reserve fund: 90% - Positive reserve fund growth annually The Association Manager was assigned to: - Prepare a quarterly report on the strategy's progress. - Invite residents to an orientation meeting on the strategy and work program. 4. Prioritization of Association Projects for 2024–2026: The Board reviewed the 2024–2026 project list and assigned the Association Manager to: - Separate projects with issued purchase orders from unexecuted ones. - Prioritize critical projects, including: 1. Rebuilding the Lagoon boundary wall along Road 96 2. Stormwater drainage and parking facilities in Golf Village 3. Riffa Views Owners Association Headquarters 4. Developing a communal garden in the Eastern Lagoon Area (L-21) 5. Development of the communal garden in Lagoon Area (L-13) 6. Development of the Lagoon Gate (Gate 2) The Board also assigned the Association Manager to initiate the rebuilding of the Lagoon boundary wall along Road 96 with a budget not exceeding 20,000 Bahraini Dinars, to be paid from the reserve fund, emphasizing the urgency of the project to prevent further damage caused by heavy rainfall last season. 5. Association Manager's Report on Contract Renewal with Security Solution Company The Board reviewed the Association Manager’s report on the contract renewal with Security Solution Company, noting that the current contract will expire by the end of this year. After discussion, the Board assigned the Association Manager to meet with the company representatives in the presence of the Board members to explore the possibility of renewing the contract for 3 years, ensuring the best interest of the association. 6. Evaluation of Contract Renewal with ENOVA Infrastructure Maintenance Company The Board reviewed the Association Manager’s report on the contract renewal with ENOVA Infrastructure Maintenance Company, noting that the current contract will expire by the end of this year. After discussion, the Board assigned the Association Manager to meet with the company representatives in the presence of the Board members to explore the possibility of renewing the contract for 3 years, ensuring the best interest of the association. 7. Requests from Association Members to be Presented to the Board The Board discussed several requests from the association members and took the necessary action on them. 8. Proposal from the Association Manager for Monthly Meetings with Riffa Views Residents The Board reviewed the proposal from the Association Manager for organizing monthly meetings with Riffa Views residents to establish a direct communication channel between the Board and the residents. This would address issues, listen to residents' feedback, and provide updates on the Board's ongoing initiatives. After discussion, the Board approved the proposal and assigned the Association Manager to implement it. 9. Riffa Views Smart Community Platform Project The Board reviewed this project and decided to assign the Association Manager to study it both financially and technically and report the feasibility of this project to the Board. 10. Any Other Business Under this item, the Board discussed the following topic: 1. Memorandum of Cooperation between the Association and Bahrain International Golf Company for Irrigation Water Management The Board reviewed the draft memorandum and decided to assign the Association Manager to prepare a report on the irrigation water consumption rates for the association, review consumption for the past two years, and reintroduce this item in the next meeting. The meeting ended at 7:05 p.m.

The Board of Directors held its meeting no. (5/3/2024) on Tuesday, August 27, 2024 at 5:00 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. 4/3/2024 Held on July 30, 2024 The Board approved the minutes of the previous meeting. 2. Monthly Report of the Association Manager for July 2024 The Association Manager presented a summary of the monthly report for July 2024, which was circulated to the Board members on August 14, 2024. During the discussion, the Association Manager was tasked with the following: - Ensure that the workers of the landscaping maintenance service provider in Oasis and Lagoon Estates adhere to a uniform dress code. - Contact unit owners adjacent to additional lands for sale to confirm their interest in purchasing the lands and facilitate a 24-month installment payment plan. 3. Approval of the Table of Financial Transaction Procedures and Authorities for the Association The Board reviewed the proposed amendments to the financial transaction procedures and authorities submitted by the members. The Board decided to cancel previous decisions and adopt the following new procedures and authorities: 1. Purchasing goods and services, issuing Purchase Orders (POs): - Up to BHD 500: 1 quote required, open submission, PO issued by the Association Manager. - BHD 501 to BHD 5,000: 3 quotes required, open submission, PO issued by the Association Manager and Treasurer. - More than BHD 5,000: via tender, closed submission, PO issued by the Board. 2. Issuing Order to Pay: For overdue service charges, financial obligations, and penalties, two notifications will be sent, with a 60-day grace period. Payment orders will be issued by the Association Manager, Treasurer, and Secretary jointly. 3. Financial Deposits: Excess funds above BHD 100,000 in the operational and reserve accounts will be deposited by the Association Manager, Treasurer, and Chairman jointly. 4. Signing authority for contracts and disbursement documents (cheques and bank transfers): The Association Manager will sign along with two Board members the Treasurer and Chairman. In the absence of either, another Board member will substitute. 5. Issuance of quarterly service charge invoices: To be issued in the first week of January, April, July, and October. 6. Discount rate for advance payment of annual service charges: A 5% discount will be applied to the total annual service charges if paid in full by January. 4. Activation of Deferred Credit Card Payments for Service Charges The Board reviewed the offers submitted by National Bank of Bahrain, Ahli United Bank, and Eazy Financial Services. The Board approved the Association Manager’s recommendation to contract with Eazy Financial Services for the following reasons: - Eazy Financial Services offers a competitive interest rate of 1.8% for all point-of-sale transactions. - The company provides payment via electronic links, a feature not offered by the banks. The Association Manager was tasked with finalizing the contract with Eazy Financial Services. 5. Requests from Association Members for Board Review The Board reviewed requests from several Association members regarding their overdue service charges for their units in Riffa Views. 6. Final Draft of the Strategic Plan for the Board’s Third Term (2024-2026) The Board reviewed the final draft of the strategic plan for the third term (2024-2026). After discussion, the Board tasked the Secretary with reviewing the plan, incorporating the necessary revisions, and re-sending it to the Board members for final review. The plan will be presented at the next meeting for approval. 7. Any Other Business Under this item, the Board discussed the following topics: 1. The Association’s Project List: The Board requested the Treasurer to review the Association’s project list in coordination with the Association Manager, finalize the list, and present it at the next meeting for approval. 2. Enhancements to Main Security Gates: The Board tasked the Association Manager with implementing enhancements to the main security gates, including interior painting and wood and aluminum work. 3. Meeting with the CEO of the Real Estate Regulatory Authority (RERA): The Board tasked the Association Manager with requesting a meeting with the CEO of RERA, to be attended by Board members, to discuss efforts to finalize the approval of the Riffa Views master plan. 4. Meeting with the CEO of the Urban Planning and Development Authority: The Board tasked the Association Manager with requesting a meeting with the CEO of the Urban Planning and Development Authority, to be attended by Board members, to discuss efforts to finalize the approval of the Riffa Views master plan.  The meeting ended at 6:45 p.m.

The Board of Directors held its meeting no. (4/3/2024) on Tuesday, July 30, 2024 at 5:00 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. 3/3/2024 Held on June 25, 2024 The Board reviewed and confirmed the minutes of the previous meeting, which had already been approved by circulation. 2. Real Estate Regulatory Authority's (RERA) Comments on Issuing the Certificate of Board Members The Association Manager informed the Board that RERA had responded to the request for issuing a certificate of the Association Board members via email on June 29, 2024. RERA requested the following amendments: 1. Include a declaration and confirmation from the current Board of the accuracy of the minutes of the General Assembly meetings and the attendance forms for the Association members who participated in the first and second meetings held on April 20 and April 27, 2024. 2. Provide RERA with the signed forms of all participants in the General Assembly meetings. 3. Submit a copy of the documented sales and purchase contract for the Vice-Chairman. 4. Provide RERA with the ownership document and commercial registration for Amlak Company. Regarding the Association Manager's contract, signed on April 30, 2024, for three years, RERA clarified that Resolution No. (1) of 2020 on the regulation of owners' associations in joint properties stipulates that Boards of Directors should not contract for a period exceeding two years as per Article (68). Additionally, the appointment decision should be made by the General Assembly, not by the Board, as per Article (70). The Association Manager also noted that RERA recommended the following to the Board: 1. Cancel the new contract of the Association Manager as it is invalid. 2. Regularize the status of the Association Manager in line with the regulations and decisions. The Association Manager provided the following recommendation: 1. Cancel the signed contract and instead extend the previous contract for one year with a 1% increase (for now). 2. Re-submit the request for issuing the certificate without mentioning the Association Manager (for now) until the next General Assembly meeting, where approval for the appointment of the Association Manager can be obtained. After discussion, the Board approved the Association Manager’s recommendation. 3. Monthly Report of the Association Manager for June 2024 The Board reviewed the Association Manager’s monthly report for June 2024. The Association Manager mentioned that the report had been sent via email to the Board members on July 11, 2024, and the queries from the members were addressed. The Chairman instructed the members to send their inquiries directly to the Association Manager, and any significant remarks would be raised during the regular Board meetings. 4. Approval of the Board’s Strategy and Work Plan for the Third Term (2024-2026) The Board reviewed the strategy and work plan for the third term (2024-2026), prepared by the Board members. After discussion, the Board tasked the Association Manager with incorporating the comments from the members and revising the draft strategy and work plan in coordination with the Secretary, to be discussed again at the next meeting. 5. Approval of the Table of Financial Transaction Procedures and Authorities for the Association The Board listened to a proposal from the Association Manager to amend the table of financial transaction procedures and authorities for the Association. The Association Manager emphasized the importance of updating these procedures, highlighting the following points: 1. Set a minimum threshold for price quotations for purchasing goods and services. 2. Define the authority to sign purchase orders (POs) based on amounts. Regarding the signing authority for contracts, agreements, and disbursement documents (whether checks or bank transfers), the Association Manager noted that these authorities are defined in Ministerial Decision No. (1) of 2020 issued by RERA, which requires the presence of the Association Manager and two Board members for signing. After discussion, the Board tasked the Association Manager with the following, and agreed to revisit this item at the next meeting: 1. Add the procedures for the following transactions: - Issuing periodic invoices for service charges (annual subscriptions). - Issuing orders to pay, whether for service charges or other financial obligations and penalties. - Procedures for financial deposits. - Procedures for funding the Association’s reserve account. 2. Prepare a statistical report on financial purchases over the past 12 months to define purchase related authorities. 6. Report on Revenue from the Sale of Additional Lands Belonging to the Association The Board listened to a report from the Association Manager regarding the revenue from the sale of additional lands for units in Riffa Views as of the end of July 2024. After discussion, the Board tasked the Association Manager with preparing a report on the procedures required to transfer the revenue from the sale of additional lands to the Association’s account, and this item will be discussed again at the next meeting. 7. Activation of Deferred Credit Card Payments for Service charges The Board reviewed the Association Manager’s report on the offers submitted for activating the deferred credit card payment service for the Association’s service charges. After discussion, the Board tasked the Association Manager with obtaining additional information regarding the interest rates offered by National Bank of Bahrain and Eazy Financial Services, and this item will be revisited at the next meeting. 8. Extension of the Infrastructure and Facilities Maintenance Contract with ENOVA Until the End of 2024 Given the expiration of the current contract with ENOVA for infrastructure and facilities maintenance on June 30, 2024, the Board approved the extension of the current contract until the end of the year 2024. 9. Any Other Business Under this item, the Board discussed the following topics: 1. Requests from Association Members for Board Review The Board reviewed requests from several Association members regarding their overdue service charges for their units in Riffa Views. 2. Updates on the Approval of the Riffa Views Master Plan The Association Manager reported that the approval of the Riffa Views master plan is still under review by the Urban Planning and Development Authority. The Board emphasized the importance of finalizing the approval of the master plan, as it is crucial for the transfer of ownership of common areas from the developer to the Association and the transfer of additional lands to eligible unit owners. After discussion, the Board decided to contact the CEO of the Authority to request a meeting to discuss the latest developments. 3. The Association’s Investment Deposits The Association Manager presented the current investment deposit accounts held by the Association with Kuwait Finance House. After discussion, the Board tasked the Association Manager with opening additional deposit accounts with Bahrain Islamic Bank and Ahli United Bank and negotiating for the best deposit offers. 4. Association Manager’s Proposal to Provide Two Vehicles The Association Manager presented a proposal to provide two vehicles for the use of the Technical Inspection Office (TIO) staff and the Agricultural Department staff. These vehicles would facilitate inspection and supervision of construction and landscaping work in the units and allow for routine inspections of common areas and green spaces. After discussion, the Board tasked the Vice-Chairman with reviewing the proposal and providing feedback. The meeting ended at 7:55 p.m.

The Board of Directors held its meeting no. (3/3/2024) on Tuesday, June 25, 2024 at 5:00 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. 2/3/2024 Held on May 29, 2024 The Board approved the minutes of the previous meeting. 2. Monthly Report of the Association Manager for May 2024 The Board listened to a brief explanation from the Association Manager, highlighting the main points from the May 2024 monthly report. After discussion, the Board tasked the Association Manager with the following: 1. Redraw distance markings along the main walkway at the Lagoon Estate. 2. Prepare a detailed report on the expenditures from the proceeds of the sale of additional land for units. 3. Invite several insurance companies to provide competitive quotes for insuring residential units. 4. Contact the General Directorate of Traffic to launch an awareness campaign to limit the use of golf carts by children. 3. Renewal of the Association Manager’s Contract for 2024-2026 The Board listened to a presentation from Mr. Abdulla Kamal, Vice-Chairman, regarding a report he prepared for the Board on renewing the Association Manager’s contract. The presentation covered the following points: - During the first term of the Board, specifically in the last quarter of 2021, a tender was conducted to provide Association Manager services. The Board supervised the tender independently from the current Association Manager (RV Real Estate WLL), and HAJ Quantory Surveyors WLL ("HAJ") oversaw the tender, prepared the request for proposals, invited companies, and evaluated bids. - HAJ’s report recommended the two best companies: Savills Middle East Co. WLL and RV Real Estate Company WLL. The Board decided to let Association members select the winning company through a vote at the Third General Assembly meeting on March 19, 2022, resulting in the selection of RV Real Estate Company WLL for two years. - The entire tender process was highly transparent and professional, requiring significant effort and time to reach the best bids for the tender award. Mr. Kamal also mentioned that he requested an evaluation from the previous Board (2022-2024) regarding the overall performance of the Association Manager, and the evaluation showed a score of 97.5% in favor of the current Association Manager. Mr. Kamal highlighted several positives in favor of the current Association Manager: 1. The company has full knowledge and understanding of the challenges and issues in the Riffa Views community and how to address them. 2. The company has extensive experience managing joint property for the Association since 2012. 3. The company holds a solid position to assist the Association in dealing with and communicating with relevant parties in the community. 4. The company plays a key role in completing the approval process for the master plan and executing the primary transfer agreement. 5. The company provides high-quality services with a qualified team capable of fulfilling required tasks. However, Mr. Kamal also noted a few negatives that, while not significantly impacting the overall evaluation, should be considered: 1. The contract cost has been increasing year after year. 2. The company relies exclusively on its contract with the Association to fund its operations. 3. The company is owned by the Developer (Riffa Views). Mr. Kamal requested the Association Manager to provide a report on why the Association should renew its contract with the company. The company provided the following justifications: - The team has accumulated 17 years of experience. - The company is aware of the project’s challenges, such as the shared irrigation system, oil wells within the community, and updates to the master plan. - The company has successfully managed Riffa Views since the Association’s establishment in 2020. - The additional land for the units is still registered in the company’s name. - The ownership of common areas is still registered under the company, which is currently handling all procedures for transferring ownership to the Association. - The company successfully manages relations with all stakeholders, particularly creditors, to ensure the project’s integrity. - The company remains the most cost-effective option for the Association. Regarding the evaluation of the renewal proposal, Mr. Kamal explained the following: - There was a significant increase in the contract cost for 2023, which was part of the previous contract. - The increase in 2023 was justified by the additional staff that was to be hired. - Savills Middle East Co. WLL submitted a bid for 2022 and 2023, with an equal annual cost of BHD 258,468. - Assuming a 3% increase in Savills' fees for 2023, their proposed fees for 2024 would be BHD 266,222. - This means that the current Association Manager’s fees are quite reasonable, only BHD 2,250 higher than Savills’ estimated fees for 2024. Mr. Kamal concluded his presentation with the following points: - The 2021 tender process was comprehensive, and its results remain valid. - The quality of the Association Manager’s performance and work received an overall evaluation score of 97.5%. - The positives of renewing the contract outweigh the negatives. - The Association Manager has been dedicated to supporting the project and Riffa Views community over the past 17 years, positioning the company well to leverage accumulated knowledge for the Association’s benefit. - The Association still relies on the company for managing common areas and land registration procedures. - The Association Manager’s fees remain competitive. Based on this, Mr. Kamal recommended renewing the current Association Manager’s contract for three years instead of two to avoid the contract ending upon the election of the next Board. He also recommended increasing the contract cost by 1% for 2024, 2025, and 2026. The Board discussed the proposal and asked the Association Manager for clarification on several issues. The Board agreed to renew the Association Manager’s contract for three years, starting from April 1, 2024, to March 31, 2027. The Board also encouraged the Association Manager to find ways to reduce the ongoing increase in operational costs for future years, considering that the services required to manage the Association are not expected to change significantly. 4. Setting the Goals and Values of the Board for the Third Term (2024-2026) The Board reviewed the proposed goals and values for the third term (2024-2026). After discussion, the Board tasked its members with reviewing the proposal and sending their comments to the Association Manager, with the item to be discussed again in the next meeting. 5. Approval of the Association’s Project List for 2024-2026 The Board reviewed the list of the Association’s projects for 2024-2026, as outlined in the monthly report of the Association Manager. After discussion, the Board tasked its members with reviewing and prioritizing these projects for further discussion at the next meeting. 6. Subcommittees of the Association (Social and Cultural - Agricultural) The Association Manager reported that resident applications for joining the subcommittees (Social and Cultural and Agricultural Committees) had been received. After discussion, the Board tasked the Association Manager with arranging an introductory meeting for each committee. 7. Escalation of the Stray Dog Problem in Riffa Views The Board listened to an explanation from the Association Manager regarding the measures taken to control the increasing number of stray dogs in Riffa Views. The Association Manager mentioned that a specialized company had been contracted to capture the dogs, with eight cages placed in various locations, which are relocated as needed. After discussion, the Board decided the following: - Intensify efforts by the specialized company, particularly during the summer. - Coordinate with the Ministry of Municipalities to explore ways to eliminate stray dogs. 8. Follow-up on Decisions from the Board’s Second Term (2022-2024) The Board reviewed a list of outstanding decisions from the Board’s second term (2022-2024). After discussion, the Board tasked the Association Manager with implementing the following recommendations: 1. Complete the report on gardens and green areas in Riffa Views. 2. Include a regular report on recurring complaints from Association members in the monthly report of the Association Manager. 3. Add the launch of an interactive web and mobile service platform for the Association to the Association’s project list. 4. Continue coordinating with the municipality to provide irrigation water outside the Riffa Views boundary wall on Road 96. 5. Continue planting along the boundary of the artificial lakes in Riffa Views. 6. Freeze the decision to raise the sale price of additional land in Riffa Views from BHD 10 to BHD 13. 7. Continue efforts and coordination with the Ministry of Works to find a permanent solution to prevent rainwater flow from outside. 8. Add the construction of the Riffa Views Owners Association headquarters to the Association’s project list. 9. Coordinate with the Royal Golf Club regarding the sale of additional lands owned by the club. 10. Coordinate with the Ministry of Municipalities for the official opening ceremony of the new communal garden in Park Estate (P-10). 11. Coordinate with the Urban Planning and Development Authority for the approval and registration of the Riffa Views Master Plan, including the division of common areas and additional lands. 12. Add the maintenance and upgrade of the irrigation sprinkler system in common areas to the Association’s project list due to corrosion and damage. 13. Add the second phase of developing Gate 2 in Lagoon Estate to the Association’s project list. 14. Coordinate with the Urban Planning and Development Authority and the Southern Municipality to approve the construction standards and specifications. 15. Obtain the best offers for enabling the payment of service charges via credit cards. 9. Review of Service Provider Contracts in Riffa Views The Board reviewed the list of service provider contracts in Riffa Views. During the discussion, the Board decided the following: - Regarding the infrastructure and facilities maintenance contract, expiring on June 30, 2024, the Association Manager was tasked with contacting Enova again to obtain a competitive offer and present it to the Board for consideration in renewing the contract for three years. - Regarding the security services contract, expiring on December 31, 2024, the Association Manager was tasked with contacting Security Solutions Co. WLL again to obtain a competitive offer and present it to the Board for consideration in renewing the contract for three years. 10. Any Other Business Under this item, the Board discussed the following topics: 1. Restructuring the Committee for Diversifying the Association’s Income Sources: The Board noted that several Association members were interested in submitting proposals to diversify the Association’s income through projects and investment opportunities. After discussion, the Board decided to restructure the Committee for Diversifying the Association’s Income Sources, with Mr. Mohammed Mahmoud, Board Treasurer. The Board also invited interested Association members to join the committee and instructed the Association Manager to arrange an introductory meeting for the committee as soon as possible. 2. Preparing a List of Contractors and Service Providers for General Services in Riffa Views: The Board emphasized the need to prepare a list of contractors and service providers for general services frequently requested by residents. This list should include companies and institutions offering competitive prices. The Association Manager was tasked with preparing a proposal for the Board’s review. 3. Proposal from the Royal Golf Club to Allocate a Temporary Venue for Riffa Views Residents: The Association Manager reported receiving a proposal from the Royal Golf Club to allocate a space for the benefit of Riffa Views residents. The Board expressed its appreciation for the efforts made by the club's management and welcomed the idea, provided that guarantees for the allocation of the space for no less than four years are secured, given that the Association would incur additional costs to furnish and equip the venue. The Association Manager was tasked with continuing coordination with the club on this matter. The meeting ended at 8:00 p.m.

The Board of Directors held its meeting no. (2/3/2024) on Wednesday, May 29, 2024 at 5:00 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. 1/3/2024 Held on April 30, 2024 The Board approved the minutes of the previous meeting, with the amendments suggested by the Secretary incorporated. 2. Tender for the Agricultural Maintenance Contract in Lagoon Estate and Oasis Estate The Association Manager presented his report regarding the tender for the agricultural maintenance contract in Lagoon Estate and Oasis Estate. He reported that the current service provider, Al Amin Gardens, had sent a notification letter on May 25, 2024, to terminate their services due to their inability to continue maintenance because of rising costs. The Association Manager then presented the financial and technical evaluation results of the tender, noting that three companies were invited to bid: 1. Kingdom Landscape WLL 2. Gulf Fencing & Specialist Surfacing WLL 3. Bahrain International Golf Course Company The Association Manager explained that Kingdom Landscape WLL's bid was excluded due to high costs and failure to pass the technical evaluation, as they refused to specify the number of workers they would provide daily. The Association Manager provided his recommendation to the Board, as follows: 1. Approve Al Amin Gardens' request to terminate their current contract with the Association. 2. Award the tender to Bahrain International Golf Course Company for two years, for the following reasons: - Ensuring competition by having two companies handle maintenance. - The company has over 30 years of experience in maintenance work at Riffa Views. - The company has established a specialized division for agricultural maintenance, led by a highly experienced manager. - They have access to both light and heavy equipment for agricultural maintenance. - The company aims to strengthen its strategic relationship with the Association to ensure high-quality maintenance. - They are knowledgeable about irrigation water issues, as they are responsible for the irrigation system, including the artificial lakes. - The company currently manages major agricultural maintenance projects. The Board approved the Association Manager's recommendation and tasked him with taking the necessary actions. 3. Renewal of the Association Manager's Contract for 2024-2026 The Vice-Chairman informed the Board that he had reviewed performance evaluation reports of the Association Manager for 2022-2024, submitted by the previous Board members. He mentioned that the evaluation was "excellent." After discussion, the Board requested the Association Manager to submit a report detailing the tasks and achievements over the past two years, to be presented at the next Board meeting. 4. Association Manager's Monthly Report for April 2024 The Board received a summary from the Association Manager regarding the key points of his monthly report for April 2024. After discussion, the Board tasked the Association Manager with the following: - Study the possibility of dedicating entry gates for registering the entry and exit of service provider workers at Riffa Views. - Investigate the possibility of eliminating the artificial lake in the shared garden L-11, behind units L-440 and L-441, due to the lack of water and the resulting odors and dirt, as well as its proximity to the units. - Conduct a feasibility study on distributing the Association’s bank deposits across more than one bank. - Transfer the funds collected from the sale of additional land to the Association’s bank account instead of keeping them in the account of RV Real Estate, as the Association’s manager. 5. Procedures for Collecting Financial Penalties for Violations of the Association's By-Laws The Association Manager briefed the Board on the procedures followed to impose financial penalties on units that violate the Association's By-Laws. He explained that these penalties are based on six main categories: 1. General violations 2. Common Areas Violations 3. Construction Violations 4. Vehicle and Traffic Violations 5. Pets Violations 6. Units Violations Regarding the procedures adopted by the Association for imposing these penalties, the Association Manager confirmed that they are in line with Resolution No. (1) of 2020 issued by the Real Estate Regulatory Authority, as follows: - The fine for a single violation does not exceed BHD 200. - The fine is imposed after several notices are sent to the unit owner, providing them time to rectify the violation. - If the violation is not corrected, an order to pay is issued to the unit owner, listing the violations and fines. - An administrative fee of 10% of the total value of the violations is added. - The penalties, along with the administrative fees, are added to the unit’s service charge invoice. - The unit owner has the right to appeal the payment order within 60 days in the competent court. - After the specified period expires, the Ministry of Justice's Enforcement Directorate will validate the payment order as an enforceable deed. - The law firm will collect the due amounts on behalf of the Association. After discussion, the Board decided the following: - The Social and Cultural Committee, chaired by Board Secretary, will organize awareness campaigns for Riffa Views owners and residents to educate them about the rules and regulations in place and encourage compliance for the benefit of all parties. - The Association Manager was tasked with sending payment orders to the units that received previous notices but did not correct the violations. In this regard, the Association Manager informed the Board that he is coordinating with the Southern Municipality to deliver an awareness lecture for Riffa Views residents about the procedures and regulations related to additional construction requests. 6. Maintenance Request for Communal Garden L-10 in Lagoon Estate The Chairman reported receiving a complaint from a resident regarding the deteriorating maintenance of the communal garden L-10 in Lagoon Estate. After discussion, the Board tasked the Association Manager with the following: 1. Conduct urgent maintenance of the garden, which is one of the largest communal gardens in Riffa Views. 2. Respond to the resident with updates on the actions to be taken. 7. Orient Bahrain Insurance Offer for Association Insurance Services The Board reviewed the insurance proposal submitted by Orient Bahrain Insurance, which included several benefits. After discussion, the Board tasked the Association Manager with reviewing the proposal and providing feedback. 8. Any Other Business The following items were discussed under this agenda item: 1. Schedule for Regular Board Meetings: The Board reviewed the Association Manager’s request to change the regular meeting date from the last Wednesday of each month to Tuesday. After discussion, the Board approved the change. 2. Restructuring Subcommittees: The Board tasked the Association Manager with sending a circular to Riffa Views residents regarding the restructuring of subcommittee memberships.  The meeting ended at 6:50 p.m.

The Board of Directors held its meeting no. (1/3/2024) on Tuesday, April 30, 2024 at 5:00 pm at the headquarters of the Riffa Views Company. The meeting was temporarily chaired by the Association Manager, Mr. Yasser Abdulrahman Alraee. He congratulated the members of the Board on their election to the Riffa Views Owners Association Board for its third term (2024-2026) during the fifth General Assembly meeting held on April 27, 2024. The Association Manager began by discussing the first agenda item: 1. Election of the Board Chairman and Assignment of Administrative Positions The Association Manager pointed out that Resolution No. (1) of 2020 requires owners’ association boards to elect administrative positions, including the Chairman, Vice-Chairman, Secretary, and Treasurer. After discussion, the following decisions were made: Decision: Administrative positions were assigned as follows: - Dr Mazin Mohammed Ali Jumaah, Chairperson of the Board - Mr. Abdullah Ahmed Kamal, Vice-Chairperson - Mrs. Latifa Isa Albunoodha, Secretary - Mr. Mohammed Mahmood Alshaikh, Treasurer Following this, Dr. Mazin chaired the Board meeting, thanking the members for electing him as Chairman for the current term. He emphasized the importance of continuing the efforts of the previous Board to maintain the Riffa Views community and improve services for residents and owners. He wished the current Board success in its tasks. Regarding the two reserve members, Mr. Abdulhakim Khalil Al-Mutawa and Mr. Shahid Masood Mohammed, who tied with 22 votes each, Mr. Abdulhakim proposed prioritizing Mr. Shahid as the first reserve member, making Mr. Abdulhakim the second reserve member. This was based on the Association Manager's suggestion, and the Board members agreed. It was also decided that reserve members would be allowed to attend some of the Board meetings. As for the significant efforts of the previous Board, it was agreed to honor them, and the Association Manager was tasked with arranging an important joint meeting for the recognition. 2. Issuance of Board Members Certificate for the Third Term 2024-2026 The Association Manager informed the Board that the Real Estate Regulatory Authority (RERA) would be contacted to update and issue a certificate with the names of the Board members for the new term (2024-2026). The Board will be kept informed of any updates. The Board tasked the Association Manager with arranging a meeting with the CEO of RERA, to be attended by the Board members. 3. Authorization of Signatories for the Riffa Views Owners Association Bank Accounts Given the formation of a new Board, the Board decided to update the authority for managing the bank accounts under the name "Riffa Views Owners Association" at the Kuwait Finance House as follows: - Authorization to manage the bank accounts and approve all transactions requires three signatures (A+A+B). - The authorized signatories at the bank will be as follows: 1. Dr Mazin Mohammed Ali Jumaah - Chairman (A) 2. Abdulla Ahmed Kamal - Vice-Chairman (A) 3. Latifa Isa Albunoodha - Secretary (A) 4. Mohammed Mahmood Alshaikh - Treasurer (A) 5. Dana Khamis Alzayani - Board Member (A) 6. Yasser Abdulrahman Alraee - Association Manager (B) 4. Decisions of the Fifth General Assembly Meeting on April 27, 2024 The Board reviewed the decisions from the fifth General Assembly meeting held on April 27, 2024, which included: 1. Approval of the Board Chairperson presiding over the General Assembly meeting. 2. Approval of the meeting agenda. 3. Approval of the minutes of the fourth General Assembly meetings held on August 12 and 19, 2023. 4. Approval of the audited financial statements for 2022. 5. Discharge of the Board members for the financial years ending in 2022 and 2023. 6. Appointment of KPMG Fakhro as the external auditor for the financial years ending December 31, 2023, and December 31, 2024. 7. Approval of the 2024 Association budget. After discussion, the Board tasked the Association Manager with the following: - Recording decisions 1-5 in the Association's records. - For decision 6: KPMG Fakhro will audit the Association’s financial statements for the year ending December 31, 2023, in coordination with the Treasurer. - For decision 7: Operating expenses must align with the approved 2024 budget. 5. Minutes and Reports from the Fifth General Assembly Meetings on April 20 and 27, 2024 The Board reviewed the minutes and reports of the fifth General Assembly meetings held on April 20 and 27, 2024. The Association Manager noted that the previous Board would issue the minutes and reports, while the new Board would approve and submit them to RERA. These reports include: Reports from the First Meeting on April 20, 2024: 1. Minutes of the First General Assembly meeting - April 20, 2024 2. General Assembly Report Form - April 20, 2024 3. Participant Report - April 20, 2024 4. Voting Results Report - April 20, 2024 Reports from the Second Meeting on April 27, 2024: 1. Minutes of the General Assembly meeting - April 27, 2024 2. General Assembly Report Form - April 27, 2024 3. Participant Report - April 27, 2024 4. Voting Results Report - April 27, 2024 5. General Assembly Decision Voting Report - April 27, 2024 6. Election Results for the Board's Third Term (2024-2026) 6. Renewal of the Association Manager’s Contract for 2024-2026 The Board reviewed the proposal to renew the contract of the current Association Manager, which expired on March 31, 2024. The Manager explained the terms of the new two-year contract, which includes a 1% increase for the first year and a 1% increase for the second year. After discussion, the Board tasked the Treasurer with obtaining an evaluation of the Manager's performance from the previous Board for the 2022-2024 term and providing this evaluation at the next meeting. 7. Establishing Strategic Goals for the New Board Term The Board reviewed the strategic goals and work ethics adopted by the previous Board. After discussion, the Board decided: 1. To revise both the strategic goals and values. 2. To reprioritize projects for the current term. The Board also requested members to submit their opinions and comments on item 7 at a subsequent meeting. Furthermore, the Association Manager was tasked with preparing a list of ongoing projects and their timelines for presentation at a later meeting. 8. Restructuring the Subcommittees of the Riffa Views Owners Association Board The Board listened to a briefing from the Association Manager on the subcommittees formed in the previous term. After discussion, the Board formed the following subcommittees for the current term: First: Social and Cultural Committee chaired by Board Secretary, aimed at fostering social ties among residents and promoting cooperation through events and activities that meet their needs. Second: Agricultural Committee chaired by Board Member Mrs. Dana Al-Zayani, tasked with making proposals and inspecting the green areas and communal gardens within Riffa Views to develop them and ensure their use for the common good. Third: Construction Requests Review Committee chaired by Vice-Chairman, responsible for reviewing and inspecting all owners' requests related to additional construction and landscaping to ensure compliance with the Association’s building regulations. The Association Manager was tasked with notifying the residents to renew their memberships in these committees. 9. Preparations for Expected Heavy Rainfall The Board reviewed a report from the Association Manager regarding ongoing preparations to mitigate the potential impacts of heavy rainfall. After discussion, the Board decided: 1. To prepare a detailed study for permanent solutions to prevent damage to residential units and common areas during heavy rainfall. 2. To invite residents to a coordination meeting to provide their suggestions and feedback on the best ways to mitigate the effects of heavy rainfall. 3. To explore the possibility of comprehensive insurance coverage for residential units, including natural disasters and fires. 4. To contact the Ministry of Works to request a meeting to discuss finding a permanent solution to the issue of rainwater accumulation on the external road. 10. Any Other Business The Board discussed the following topics under this item: 1. Riffa Views Master Plan A letter will be sent to the Urban Planning and Development Authority to request a meeting with the Board to discuss the latest updates on the approval of the Riffa Views master plan, including the additional land entitlements for the units. 2. Violations Related to Driving Golf Carts Due to the increasing violations regarding underage driving of golf carts by children under 18, the Board decided: - To issue a circular to residents urging their cooperation in preventing children from driving golf carts. - To request a coordination meeting with the General Directorate of Traffic to address this issue, including the possibility of providing a traffic patrol to monitor these violations. 3. Regular Board Meetings The Board discussed the schedule for regular meetings and decided to hold the monthly Board meetings on the last Wednesday of every month at 5:00 PM. The meeting ended at 7:00 p.m.

The Board of Directors held its meeting no. (4/2/2024) on Tuesday, April 23, 2024 at 5:00 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. 3/2/2024 Held on March 4, 2024 The Board reviewed the minutes of the previous meeting and approved them. 2. General Assembly Meeting and Board Elections for 2024-2026 The Board reviewed a report from the Association Manager regarding the ongoing preparations for the General Assembly meeting and the Board elections for the upcoming term. The Board instructed the Association Manager to take all necessary measures to ensure the successful organization of the meeting and the elections. 3. Renewal of the STP Operator Contract with Metito The Association Manager informed the Board that Metito, the operator of the STP, had offered a discounted renewal proposal for the service contract for three years with a 12% reduction. After discussion, the Board approved the renewal of the contract for a monthly fee of BHD 5,000 (excluding VAT) for the period from March 1, 2024, to February 28, 2027. 4. Recognition of Teams Working During Recent Heavy Rains The Association Manager highlighted the importance of recognizing the teams who worked during the recent heavy rains in Bahrain. These teams worked continuously from the onset of the rains, and their efforts were instrumental in mitigating the damages caused. After discussion, the Board praised these efforts and instructed the Association Manager to prepare a report with the names of the team members and the proposed rewards. The Board also tasked the Association Manager with recognizing the team leaders during the upcoming General Assembly meeting. 5. Activation of Deferred Credit Card Payments for Service Charges The Board reviewed the Association Manager’s report on the fees that would be incurred by enabling the option of deferred credit card payments for service charges. After discussion, the Board emphasized the importance of activating this service as it would help increase fee collection. However, given that the current Board’s term is nearing its end, the Board directed the Association Manager to postpone this matter for further discussion with the newly elected Board. 6. Board Members’ Remuneration for the Second Half of the Second Term (2022-2024) The Board reviewed the attendance and participation report for Riffa Views Owners Association Board members in the regular meetings during the second half of the second term (September 19, 2023 – March 18, 2024). In accordance with the Association’s By-Laws, the Board approved the disbursement of remuneration to Board members for the second half of the second term (2022-2024), amounting to BHD 625 for each Board member. 7. Any Other Business No additional topics were discussed under this item. As the current Board’s term was coming to an end, the Board extended its thanks and appreciation to all Association members for their valuable suggestions and efforts in facilitating the Board’s work. The Board also expressed gratitude to the Association Manager, his team, and all service providers, both companies and individuals. The Board wished the newly elected Board success in its upcoming term. The meeting ended at 6:20 p.m.