The Company announce the decision of the Board of Directors at its meeting held on Saturday’s evening 28/05/1443H corresponding to 01/01/2022, to appoint the Chairman, the Vice-Chairman of the Board and Managing Director as per the following:

1. Appointment of Mr. Abdulelah Bin Mohamed Bin Abdurrheman Al-Asakir (Non-Executive Member) as Chairman of The Board of Directors.

2. Appointment of Engr. Bandar Bin Abdullah Bin Ibrahim AlHomaidhi (Executive Member) as Vice Chairman of the Board of Directors and Managing Director.

3. Formation of the Remunerations & Nominations Committee in accordance with the work regulations of the Remunerations & Nominations Committee approved by the Ordinary General Assembly Meeting held on 10/04/1439H., corresponding to 28/12/2017G.

4. Appointment of the Secretary of the Board of Directors and representatives appointed to represent the Company at the Capital Market Authority (CMA) and the Saudi Tadawul for all purposes related to complying with the Capital Market Authority (CMA) law and its Implementing Regulations.

Note that the Ordinary General Assembly held on 23/04/1443H., corresponding to 28/11/2021G, approved the formation of the Audit Committee, defining its tasks, working rules, and remuneration of its members for the new term of three years starting from 01/01/2022 to 31/12/2024G.