The Savola Group announces that its new Board resolved on 1/7/2019 the following:

First: The appointment of Mr. Sulaiman A. Al Muhaidib as Chairman of the Board (Non-executive).

Second: The appointment of Mr. Bader A. Al Issa as Vice Chairman of the Board (Non-executive).

Third: Formation of the Remuneration Nomination, and Corporate Governance Committee (RNCG) from the following members:

1) Mr. Rakan A. Al Fadel (Independent Board Member) as Chairman of the Committee.

2) Mr. Bader A. Al Issa (Non-executive Board Member) as Member.

3) Mr. Essam A. Al Muhaidib (Non-executive Board Member) as Member.

4) Mr. Abdulrhman Ramzi Addass (Independent Board Member) as Member.

5) Mr. Johan Brand (external expert) as Member.

Fourth: Formation of the Investment Committee from the following members:

1) Eng. Mutaz Qusai Alazawi (Non-executive Board Member) as Chairman of the Committee.

2) Mr. Abdulaziz K. Al Ghufaily (Non-executive Board Member) as Member.

3) Mr. Fahad A. Al Kassim (Independent Board Member) as Member.

4) Mr. Adnan A. Sofi (Non-executive Board Member) as Member.

5) Mr. Mohammad Ibrahim Al Issa (Independent Board Member) as Member.

Fifth: Formation of Corporate Social Responsibility (CSR) Committee from the following members:

1) Mr. Abdulrhman Ramzi Addass (Independent Board Member) as Chairman of the committee.

2) Mr. Fahad A. Al Kassim (Independent Board Member) as Member.

3) Eng. Abdullah M.N. Rehaimi (external expert) as Member.

4) Eng. Anees Ahmed Moumina (Group CEO) as Member.

It is worth mentioning that, these resolutions are effective from the commencement of the new Board office term started on 1/7/2019 and will last for a period of three years.