The Board of Directors held its meeting no. (3/3/2026) on April 14, 2026 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. 2/3/2026 held on 3 February 2026 The Board approved the minutes of the previous meeting. 2. Presentation and approval of the draft external auditor’s report on the financial statements for the year ended 31 December 2025 The Board reviewed the draft audited financial report for the year ended 31 December 2025, prepared by KPMG Fakhro, in accordance with the principles and basis agreed during the coordination meeting held on 3 February 2026 with the audit team. The report included the statement of financial position as at 31 December 2025, the statement of income and expenses, the statement of changes in funds, the statement of cash flows, and the accompanying notes including significant accounting policies and other explanatory information. The external auditor issued an unqualified opinion, confirming that the Association’s financial statements have been prepared, in all material respects, in accordance with the applicable accounting basis. Following discussion and review of the draft report, and upon being satisfied with its contents, the Board resolved to sign the report and submit it to the General Assembly for approval. In this context, the Vice Chairman noted that a meeting was held on Monday, 13 April 2026 with the audit team, during which the auditor was tasked with performing verification procedures on the revenues from the sale of additional strips in Riffa Views, including reviewing sales agreements, verifying the accuracy of revenue calculations and their alignment with approved areas and pricing, as well as verifying collections and receivables balances, and reviewing the allocation of revenues between the Riffa Views Owners Association and other parties in accordance with the Master Transfer Agreement. The Board emphasized the importance of completing these procedures as soon as possible, whether prior to the General Assembly meeting to present the findings to members, or after the meeting, to enable the incoming Board to review the results and take the necessary actions. 3. Monthly report of the Association Manager for March 2026 The Board listened to a presentation by the Association Manager highlighting key points from the monthly report, noting a significant improvement in the collection of annual contributions, with BD 61,000 collected during March, bringing the total collections since the beginning of the year to BD 640,000, compared to BD 596,000 for the same period last year, reflecting a 7% growth and confirming the effectiveness of the measures taken to enhance collection efficiency. The Association Manager also addressed the stormwater drainage network development project on Road 96, which was urgently awarded to Kingdom Projects, with a targeted completion date of November 2026. The RV Real Estate Company team participated in several coordination meetings with the Ministry of Works and the contractor to monitor progress and ensure implementation in line with approved plans and standards. He further noted that this project forms part of the broader Road 96 development project, which includes the construction of dual carriageways on both sides from the intersection with Al Muaskar Road to the National Guard checkpoint on Road 96. Additionally, the project includes connecting the stormwater drainage network into Riffa Views through feeding the lagoons. The Association Manager also indicated that the Ministry of Works requested a temporary site for managing the development works, and land located on Road 96 behind the gas well was allocated for temporary use. Following discussion, the Board commended the efforts made in this regard, noting that a permanent solution will be achieved for the stormwater accumulation issue on Road 96, and emphasized the importance of facilitating the Ministry of Works and contractors to complete the project within the agreed timeline. 4. Presentation and discussion of the revised drawings for the Association headquarters project The Board reviewed the revised drawings for the Association headquarters project, taking into account comments previously provided by Board members. The revisions included an increase in the built-up area to 1,900 square meters due to the addition of several service facilities. Following discussion, the Board emphasized the need to reconsider this increase and reduce the proposed area to limit construction costs and avoid additional future operational burdens. In this regard, the Association Manager stated that the design firm has been informed of the Board’s comments and that the revised drawings are awaited. 5. Presentation and discussion of the Board’s report for the General Assembly The Board reviewed the 2024-2026 report to be presented at the General Assembly, with copies distributed to members for review and comments. It was agreed to coordinate with the Secretary to review all comments and incorporate necessary amendments in preparation for approving the final version of the report. The Board also emphasized the need to proceed with issuing invitations for the General Assembly meeting, with invitations to be sent on Thursday, 16 April 2026. 6. Approval of Board members’ remuneration for the second half of the second year of the 2024–2026 term The Board reviewed the attendance and participation report of Board members for the second half of the second year of the third electoral term (2024–2026). In accordance with the Association’s By-Laws, the Board approved the payment of remuneration for that period in the amount of BD 625 per Board member. On the occasion of concluding the current Board’s term, the Board extended its appreciation and thanks to all Association members for their valuable proposals and contributions in supporting the Board’s work. The Board also expressed its gratitude to the Association Manager and his team, as well as all service providers, and wished the incoming Board continued success. The meeting concluded at 5:50 PM.

The Board of Directors held its meeting no. (2/3/2026) on February 3, 2026 at 5:00 PM at the headquarters of the Riffa Views Company, and issued its decisions according to the items below: 1. Meeting with the external auditor to discuss the audit of the Association’s financial report for 2025 The Board held a meeting with the audit team of KPMG Fakhro, the Association’s external auditor, during which the audit work on the Association’s accounts for the financial year ended 31 December 2025 was discussed. The Board listened to the principles and basis upon which the audit will be conducted and took note of the auditor’s observations. The Board emphasized the importance of completing the audit for 2025 prior to the scheduled General Assembly meeting in May. 2. Approval of the minutes of meeting No. 1/3/2026 held on 6 January 2026 The Board approved the minutes of the previous meeting. The Treasurer noted the importance of early preparation for the implementation of the By-Law on the Use and Exploitation of Common Areas by obtaining bids, proposals, and input from potential interested parties. 3. Monthly report of the Association Manager for December 2025 The Board listened to a presentation by the Association Manager highlighting key achievements during 2025, noting the following: With respect to the preliminary financial statements for 2025, total comprehensive income amounted to BD 35.7 thousand. Total assets increased by 6%, reflecting a strong financial position. Equity increased by 11%, primarily due to an increase in the capital asset replacement reserve. Total liabilities decreased by 12%, indicating financial stability. The 4% increase in common area maintenance costs was due to additional measures to prevent rainwater damage, as well as asphalt and irrigation network maintenance works. With respect to service charge contribution collection, 2025 recorded a milestone year, with receivables decreasing by 29%, indicating improved collection performance. A total of BD 1.580 million was collected during the year compared to BD 1.405 million in the previous year, representing a 12% increase. With respect to enforcement cases, Orders to Pay, and service charge contribution notices, 45 Orders to Pay were issued in 2025 with a total value of BD 92 thousand, of which BD 49 thousand was collected (53%). Additionally, 141 notices were issued totaling BD 187 thousand, of which 62% was collected. With respect to community activities, several infrastructure and landscaping projects were implemented, including Gate (2) development, Gate (1) design, L-10 park, O-23 park, installation of playground equipment, and others. Significant progress was also achieved in electricity surveys in coordination with GEMAC and Castello. Building violations by owners were reduced due to improved monitoring and follow-up. With respect to the Master Plan update, 2025 witnessed the approval of the revised Riffa Views Master Plan, with significant progress made with the Urban Planning and Development Authority to finalize the Subdivision Plan. Additionally, seven (7) common area title deeds were registered with the Survey and Land Registration Bureau. With respect to the solar power plant project in Riffa Views, it remains under review by the Electricity and Water Authority due to operational and financial challenges, which may require arranging a meeting with relevant officials to explore ways to proceed with the project. With respect to the stormwater drainage channel project on Road 96 near Lagoon Gate, it remains under study by the Ministry of Works and relevant authorities, and may require arranging a meeting with officials to explore the best implementation approach. During the discussion, the Board commended the efforts of all Board members and the Association Manager’s company and decided to request meetings with officials from the Electricity and Water Authority and the Ministry of Works to study the implementation of the solar plant and stormwater drainage projects. 4. Discussion of preliminary designs for the Association headquarters project The Board reviewed the initial concept submitted by the consultant responsible for preparing the headquarters design drawings. The Association Manager explained the proposed options and associated project facilities. Following discussion, the Board approved Option (1), which includes a built-up area of 1,488 square meters. The Board requested members to submit their comments to the Association Manager within one week, after which a follow-up meeting will be held with the consultant to incorporate final comments and revisions into the preliminary designs. 5. Approval of the list of candidates for Board membership for the upcoming term (2026–2028) The Board reviewed the list of candidates for the fourth electoral term (2026–2028). After verifying that all candidates meet the membership requirements in accordance with applicable laws and regulations, the following nominations were approved: Mishal Ali Al Helo – Unit P-004 – Nomination Date: 12 January 2026 Saud Ahmed Al Khayyat – Unit L-182 – Nomination Date: 12 January 2026 Rashid Ali Al Attawi – Unit L-373 – Nomination Date: 13 January 2026 Abdullah Murtadha Abdullah – Unit L-507 – Nomination Date: 21 January 2026 Dr. Shouqi Abdullah Amin – Unit L-457 – Nomination Date: 26 January 2026 Latifa Isa Al Bunoza – Unit L-251 – Nomination Date: 26 January 2026 Dana Khamis Al Zayani – Unit L-429 – Nomination Date: 27 January 2026 Khatoon Jaafar Abdulrasool – Unit L-298 – Nomination Date: 27 January 2026 Mohammed Mahmoud Al Sheikh – representing Amlak Real Estate Company – Nomination Date: 28 January 2026 Yazan Sufyan Al Arhayyem – Unit P-088 – Nomination Date: 29 January 2026 The Board resolved to send approval letters to candidates who meet the eligibility criteria and assigned the Association Manager to communicate with the Real Estate Regulatory Authority to obtain the necessary forms for issuing Good Conduct Certificates from the Ministry of Interior. 6. Approval of the agenda and Board reports for the upcoming General Assembly meeting The Board approved the agenda of the upcoming General Assembly meeting as follows: Approval of the Agenda Ratification of the Minutes of the First and Second Meetings of the Sixth General Assembly Board of Directors’ Report for the Third Term (2024-2026) Approval of the Audited Financial Statements for the years 2024 and 2025 Appointment of an External Auditor for the financial years 2027 and 2028 Approval of the Association Budget for 2026 Approval of the amendments to the RVOA By-Laws Approval of the updated Articles of Association Discharge of the current Board Members from liability for their acts during their term of office Election of the Board Members for the Fourth Term (2026 - 2028) Any Other Business The Board also approved the list of Board reports to be presented at the General Assembly, to be completed no later than 1 March 2026, as follows: Board report on the Ratification of the Minutes of the First and Second Meetings of the Sixth General Assembly Board report on the Approval of the amendments to the RVOA By-Laws Board report on the Approval of the updated Articles of Association Board report on the Discharge of the current Board Members from liability for their acts during their term of office Board report on the Approval of the Association Budget for 2026 Board report on the Appointment of an External Auditor for the financial years 2027 and 2028 Board report on the Election of the Board Members for the Fourth Term (2026 - 2028) Board of Directors’ Report for the Third Term (2024-2026) Board report on the Approval of the Audited Financial Statements for the years 2024 and 2025 7. Association Manager’s recommendation regarding reappointment of the current auditor for 2027 and 2028 In light of the expiry of the current auditor’s term (KPMG Fakhro) upon completion of the 2026 audit, the Board reviewed the Association Manager’s recommendation to reappoint the same auditor for 2027 and 2028, based on the following justifications: The firm has demonstrated a high level of professionalism and compliance with accounting and auditing standards. Continuity with the current auditor ensures efficiency and speed in completing audit work due to its familiarity with the Association’s operations and financial systems. KPMG Fakhro is a leading audit firm with strong local and international reputation and extensive experience. The Association Manager noted that the audit fees are BD 2,100 for 2027 and BD 2,150 for 2028. Following discussion, the Board approved the recommendation and assigned the Secretary, in coordination with the Association Manager, to prepare the Board report and include the item in the General Assembly agenda. 8. Association Manager’s recommendation regarding a proposal submitted by a company for wastewater treatment at the Riffa Views plant In relation to a proposal submitted by a company to treat its tanker wastewater at the Riffa Views treatment plant, the Association Manager noted that the wastewater contains mixed substances including oils, posing significant operational and environmental risks that could negatively impact the efficiency and safety of the plant. The Association Manager recommended not proceeding with the contract due to these risks and advised against entering into any current or future arrangements with companies that do not comply with the plant’s specifications. Following discussion, the Board approved the recommendation. 9. Discussion of the Vice Chairman’s proposal to establish an Advisory Council for the Association The Board reviewed the proposal submitted by the Vice Chairman to establish an Advisory Council to support the Board by providing opinions and recommendations on matters referred to it, aiming to strengthen governance principles and benefit from the experience of former Board members and knowledgeable residents. The proposal included the mechanism for forming the Advisory Council, which reports to the Board and is appointed at the beginning of each new Board term, consisting of five (5) members chaired by a Board member. Members would be selected from former Board members and experienced unit owners across various fields. The proposal outlined the objectives of the Advisory Council, including leveraging experience and expertise, providing advice on strategic and administrative matters, supporting the Board in evaluating initiatives and projects, enhancing institutional continuity, and strengthening communication between successive Boards. Following discussion, the Board approved the establishment of the Advisory Council, with the Board retaining the authority to regulate its operations, update its composition, amend its framework, or terminate it as deemed appropriate, without prejudice to the powers of the General Assembly or the Board. 10. Discussion of the Association Manager’s proposal to upgrade the sewage tanker reception facility The Board reviewed the Association Manager’s report regarding the proposal to upgrade the sewage tanker reception facility at the Riffa Views treatment plant. The Association Manager explained that the current setup allows tankers to discharge into the wet well of Pump Station (4), which can only accommodate one tanker at a time, limiting intake capacity to approximately 20 tankers per day (around 378.5 cubic meters). The Association Manager emphasized that upgrading the facility to handle larger volumes is essential to ensure water security for the community’s green areas, as internal production does not meet peak demand, and external sources are limited or costly, leading to increased water purchase costs and lost revenue from treated water. The estimated cost of the upgrade is BD 30,000. Following discussion, the Board approved the recommendation, with funding to be sourced from revenues generated from the sale of additional strips or other additional income. The meeting concluded at 7:20 PM.

Coming Soon

The Board of Directors held its meeting no. (14/3/2025) on December 9, 2025 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. 13/3/2025 held on 18 November 2025 The Board approved the minutes of the previous meeting. 2. Discussion and approval of the Association budget for 2026 Based on the Board’s decision in its previous meeting to form a committee to study the budget, chaired by the Vice Chairman and comprising the Treasurer and the Association Manager, the Vice Chairman stated that the committee met on Tuesday, 2 December 2025, where it conducted a comprehensive review of all budget items, introduced a number of amendments, and finalized a preliminary estimated budget for the Riffa Views Owners Association for the year 2026, with total estimated expenses amounting to BD 1,550,000. The Vice Chairman explained that these expenses were determined based on the approved budget preparation principles, following a comprehensive and integrated review of all operational items and financial commitments of the Association, ensuring continuity of service quality, maintaining efficient operation and management of all facilities and common areas within Riffa Views, supporting service sustainability, and preserving the community’s high-quality residential environment without compromising residents’ quality of life. The Vice Chairman further noted that the proposed contribution rate for 2026 will be BD 3.664 per square meter, compared to BD 3.500 for the current year, explaining that the 2026 budget excluded Association revenues from the service charge contribution calculation, as such revenues are allocated to fund new projects planned for the coming period. During the discussion, the Chairman indicated that some Board members who were not present at this meeting had reservations regarding the increase in budget expenses and the resulting increase in annual contributions. In this regard, the Board emphasized that the budget is provisional, and its final approval remains subject to the decision of the General Assembly, which holds the original authority. The meeting also reviewed a document titled “Budget Preparation Principles,” prepared in accordance with the laws and regulations governing Owners Associations in the Kingdom of Bahrain. The document outlines the general principles governing the preparation of the annual budget, the methodology for calculating service charge contribution, ensuring fair cost allocation among owners, and regulating revenues and the reserve fund, thereby reinforcing financial sustainability, transparency, and sound resource management. Following deliberation and discussion, the Board resolved as follows: Approval of the “Budget Preparation Principles” document. Approval of the provisional budget for 2026 with total expenses of BD 1,550,000 and a service charge contribution rate of BD 3.664 per square meter, and its submission to the General Assembly for final approval. Assignment of the Association Manager to issue Q1 2026 invoices starting from the first week of January 2026. Assignment of the Treasurer, in coordination with the Association Manager, to prepare the Board report on the 2026 budget for presentation at the upcoming General Assembly meeting for final approval. Offering a 5% discount option for owners who choose to pay the annual service charge contribution in advance. 3. Renewal of the landscaping services provider contract in Park Estate Based on the Board’s previous decision to assign the budget committee to review the Association Manager’s proposal regarding the renewal of the current contract with the landscaping services provider in Park Estate (GFSS), the Association Manager stated that the committee had completed its review of the proposal to renew the contract with an increase in working hours from 8 to 10 hours, along with an increase in workforce during the summer from 18 to 21 workers. The Association Manager indicated that the committee requested a comparative analysis between the service provider in Oasis and Lagoon Estates (BIGCC) and the service provider in Park Estate (GFSS), to assess the coverage per worker, with the comparison as follows: In Oasis and Lagoon Estates: each worker covers 2,596 m² of common areas, at a cost of BD 1.525 per square meter. In Park Estate: each worker covers 3,411 m² of common areas, at a cost of BD 1.272 per square meter. The comparison shows that each worker in Park Estate (GFSS) covers 31.4% more area compared to Oasis and Lagoon Estates (BIGCC), while the maintenance cost per square meter in Park Estate is 16.6% lower. The Association Manager explained that the adjustment in working hours and workforce is essential to maintain operational continuity and efficiency, meet seasonal requirements and high summer temperatures, preserve the quality of green areas and the overall appearance, and prevent any decline in service levels provided to residents. The Association Manager further noted that the financial impact of this adjustment is an increase in the contract value by BD 660 per month, indicating that the budget committee has considered this impact and concluded that the proposed increase is operationally justified and aligned with the Association’s objectives of improving service quality and maintaining the community’s residential standards, without affecting the overall balance of the approved budget. Following discussion, the Board approved the renewal of the contract with GFSS for a period of two years, including the required increase. The Association Manager was also assigned to communicate with BIGCC to consider reducing its costs to align with GFSS. 4. Discussion and approval of procedures for issuing and collecting annual service charge contribution The Board discussed the proposal submitted by the Secretary regarding the adoption of procedures for issuing and collecting service charge contribution and incorporating them into the Association’s By-Laws, to ensure standardized procedures and enhance clarity and transparency in financial dealings with owners. In this regard, the Chairman stated that a coordination meeting was held with the relevant team at the Association Manager’s company on Thursday, 27 November 2025, attended by the Chairman and the Secretary, during which all current procedures related to service charge contribution invoicing, collection mechanisms, follow-up, and handling of arrears were reviewed and discussed, with the aim of evaluating and improving them in line with best practices for Owners Associations. The Board also reviewed a document titled “Service Charge Contribution Issuance and Collection Framework,” which provides a comprehensive structure outlining the procedures for issuing service charge contribution invoices, the mechanism for issuing arrears notices, and the regulation of Order to Pay procedures and financial follow-up, ensuring fairness among owners, promoting financial discipline, and supporting the sustainability of resources required for the operation and maintenance of the Association’s facilities and common areas. Following deliberation and discussion, the Board resolved to approve the “Service Charge Contribution Issuance and Collection Framework” document. The meeting concluded at 7:00 PM.

Coming Soon

The Board of Directors held its meeting no. (12/3/2025) on October 21, 2025 at 3:00 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. 11/3/2025 held on 9 September 2025 The Board approved the minutes of the previous meeting. 2. Monthly report of the Association Manager for September 2025 The Board reviewed the monthly report and listened to the Association Manager, who highlighted its key points. Following discussion, the Chairman requested the members to submit any comments on the report to the Association Manager. 3. Association projects report for 2025 The Board reviewed the list of projects planned for implementation during this year. During the discussion, the Board directed the Association Manager to study the reasons for delays in certain projects and to follow up on their implementation, and suggested identifying alternative solutions to accelerate them, particularly the Oasis Estate entrance gate development project (Gate 1) and the Association headquarters construction project. 4. Draft audited financial report of the Association for the financial year ended 31 December 2024 The Association Manager stated that the auditor had made the required amendments to the draft in accordance with the Vice Chairman’s request, and that the final draft had been issued for approval by the Board. He further noted that the auditor’s opinion in the report was as follows: "We have audited the financial of the Riffa Views Owners Association, which comprises the statement of financial position as at 31 December 2024, and the statement of income and expenses, statement of changes in funds, and statement of cash flows for the year then ended, as well as the accompanying notes, including a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying financial information of the Association for the year ended 31 December 2024 has been prepared, in all material respects, in accordance with the accounting basis, and the audit has been conducted in accordance with International Standards on Auditing (ISAs). We confirm that we are independent of the Association in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code), including the International Independence Standards, together with the ethical requirements relevant to our audit of the financial information in the Kingdom of Bahrain, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion." Following discussion, the Board completed its review of the report, expressed its satisfaction with its contents, and resolved to sign it and present it to the upcoming General Assembly for approval. 5. Renewal of the legal services agreement for the Association The Board listened to a presentation from the Association Manager regarding the Board’s request to obtain proposals from several firms to provide legal services to the Association. The Association Manager noted that, based on the Board’s decision in its previous meeting held on 9 September 2025, a number of law firms and legal consultancies were invited to submit proposals, along with the required scope of work, and confirmed that proposals had been received. During the meeting, the Board reviewed the technical and financial evaluation reports of the submitted proposals from several firms, all of which are reputable law firms within the Kingdom of Bahrain, each with more than 20 years of experience and a strong track record in providing comprehensive legal services. Based on their expertise, qualifications, and professional standing, all participating firms satisfactorily met the technical requirements specified in the tender scope. Based on the results of the financial and technical evaluations, the Board approved the renewal of the contract with Hafudh Ali Attorneys & Legal Consultants for an additional one-year period. The Board noted that the firm has maintained a contractual relationship with Riffa Views for more than ten years, demonstrating consistent performance, high reliability, and distinguished professionalism. Furthermore, the current contractual cost is the lowest compared to the received proposals, and the firm possesses a comprehensive understanding of the Association’s operations, governance framework, and related legal matters, ensuring continuity, efficiency, and effective representation of the Association’s interests. 6. Summary of the security risk assessment report in Riffa Views The Board reviewed a summary of the security risk assessment report in Riffa Views, which addressed several matters related to the Association as well as others related to the Royal Golf Club management. Following discussion, the Board directed the Association Manager to maintain continuous coordination with the Club’s management to complete all requirements that enhance security in Riffa Views. 7. Requests received from Association members The Board reviewed a number of requests received from Board members, as well as other matters related to Association members. During the discussion, the Board resolved as follows: With respect to requests for holding events in the common areas, the Board emphasized the need to comply with all applicable regulations and by-laws of the Association, including not granting approvals to units with outstanding financial obligations to the Association or those that have received violation notices under the By-Laws. With respect to outstanding service charge contribution arrears owed by certain units, the Board emphasized the need for the Association Manager to coordinate with the Association’s legal representative to recover such arrears through official channels, including taking all necessary enforcement actions to ensure full recovery without exception. With respect to requests from members to pay service charge contribution arrears in installments, the Board directed the Association Manager to approve all requests that contribute to reducing the total arrears. The Board emphasized that its role is to facilitate the collection process from all unit owners in a manner that serves the common interest, while not compromising the Association’s obligations toward service providers in Riffa Views. 8. Hosting of the Bahrain Jazz Festival by the Royal Golf Club The Board directed the Association Manager to coordinate with the Club’s management to ensure consideration of prayer times during the festival, and to ensure that the organizers do not extend the event beyond 11:00 PM to avoid disturbing residents. 9. Residents’ requests to prevent disturbances and inappropriate behavior during Halloween The Board reviewed the requests received from residents regarding the need to prevent disturbances and inappropriate behaviors that are inconsistent with local customs, traditions, and culture, associated with what is known as “Halloween,” particularly on Friday evening, 31 October. The Board directed the Association Manager to coordinate with the Secretary to issue a circular to residents in this regard. The meeting concluded at 5:00 PM.

The Board of Directors held its meeting no. (11/3/2025) on September 9, 2025 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. 10/3/2025 held on 5 August 2025 The Board approved the minutes of the previous meeting. 2. Monthly report of the Association Manager for August 2025 The Board reviewed the monthly report and assigned the Association Manager to study the possibility of transferring the current balance of proceeds from the sale of additional strips allocated to the Association from the account of RV Real Estate Company to the Association’s account, and thereafter transferring future collections on a monthly basis. 3. Association projects report for 2025 The Association Manager presented the periodic report on the Association’s projects for 2025, noting that the first phase of the development of the vommunal garden in Lagoon Estate (L-10) has commenced and is scheduled for completion by the end of this year. The Association Manager also presented the preliminary design of the communal garden in Lagoon Estate (L-13), which is scheduled for implementation this year. Following discussion, the Board assigned the Association Manager to undertake the following: Circulate the detailed drawings of L-10 garden to the owners of the units overlooking the park to familiarize them with the first phase of the development and respond to their inquiries. Send letters to the owners of units overlooking L-13 garden that have additional strips allocated for sale, urging them to expedite their purchase in order to construct the new fences, noting that contractors will not be able to use the new garden later if they wish to modify the fences and will have to access through the front facades of the units. 4. Draft audited financial report of the Association for the year ended 31 December 2024 The Board reviewed the draft auditor’s report, where the Association Manager stated that the Vice Chairman’s proposal to change the treatment of the Sinking Fund had been implemented, from being recorded as an expense in the profit and loss account to being transferred directly in the balance sheet from the accumulated fund to the Sinking Fund, and the closing balance for the financial year 2024 was adjusted accordingly. Starting January 2025, this will be implemented monthly with a year-end adjustment based on actual collections. 5. Transfer of cash surpluses to the projects account The Board discussed the transfer of cash surpluses to the projects account as per the last General Assembly resolution. Following discussion, the Board emphasized the necessity of transferring the surpluses before the end of the current year, with the amount to be determined later. The Association Manager was also assigned to commence the first phase of the Association headquarters project (preparation of detailed drawings), which will be funded from these surpluses, particularly as the expenses for this phase will be allocated before the end of this year. 6. Settlement plan of receivables due to RV Real Estate Company as stated in the audited financial report for 2023 The Board reviewed the proposals submitted during the coordination meeting held on 7 July 2025 between the Vice Chairman and the Treasurer, along with the Association Manager, to settle the receivables due to RV Real Estate Company amounting to BD 236,522. The Board approved the settlement through monthly installments of BD 4,000 starting from September 2025, with the arrangement to be reviewed annually and allowing for deferral of installments based on the Association’s financial position. The Association Manager was assigned to implement this. 7. Approval of the proposed Association events and activities for 2025–2026 The Association Manager presented a report on the Association’s events and activities for 2025–2026, prepared based on the feedback received in the coordination meeting held on 26 August 2025 between the Chairman, the Secretary, and a representative of the Association Manager. The Board approved the proposed events and directed the inclusion of additional community activities that do not require additional expenditure, as well as exploring sponsorship opportunities from companies and institutions to fund certain events. 8. Renewal of the legal services agreement for the Association The Association Manager stated that the legal services agreement with (Hafudh Ali – Attorneys & Legal Consultants) will expire on 15 September 2025 and recommended renewing the current contract under the same fees. Following discussion, the Board requested the Association Manager to obtain quotations from other firms for comparison. 9. Approval of the key performance indicators (KPIs) for the Association Manager’s contract The Board reviewed the draft KPIs prepared by the Vice Chairman. Following discussion, the Board requested the Association Manager to provide his feedback and to re-present this item in the next meeting. 10. Chairman’s proposal to form a committee for operating and managing electronic screens in Riffa Views The Board reviewed the proposal submitted by the Chairman regarding the formation of a committee to manage electronic screens in Riffa Views, including representatives from the Board and the Association Manager, setting operating hours, and defining the displayed content. Following discussion, the Board assigned the Secretary as the Board’s representative, along with a representative from the Association Manager’s company, and requested the Secretary to coordinate with the Association Manager to prepare a final report on the management of the electronic screens for presentation in the next meeting. 11. Updates on the security risk assessment report submitted to the Royal Golf Club management The Board reviewed the Association Manager’s report on updates related to the report submitted to the Royal Golf Club management, noting that several observations have been addressed while work is ongoing to address the remaining items. Following discussion, the Board emphasized the need to continue coordination and efforts to complete all observations to ensure safety and security within the Riffa Views community. 12. Additional expenses requested by the electronic payment service provider The Association Manager reported receiving a request from the electronic payment service provider (EazyPay) to introduce additional fees and expenses on electronic payment transactions. Following discussion, the Board assigned the Association Manager to prepare a report on the expenses related to the Association and to verify the legality of such charges in accordance with the agreement between the Association and the provider. 13. Road entry and exit markings in Riffa Views The Secretary highlighted the need to mark the entry and exit points of roads in Riffa Views, particularly as the reduction of curbs has increased road width, making it necessary to introduce road markings to separate traffic lanes at the main gates. Following discussion, the Board approved this request due to its importance in traffic organization and assigned the Association Manager to implement it during this year. 14. Review of outsourcing feasibility to improve financial and technical performance The Board discussed the feasibility of engaging external resources to improve the financial and technical performance of the Association and reduce expenses. Following discussion, the Association Manager stated that he will study this matter. The meeting concluded at 6:30 PM.