The Board of Directors extend their thanks and appreciation to Mr. Nael Sameer Fayez and wish him continued success.

The company confirms that the resignation is in violation of Article Sixteen of the company’s bylaws, which stipulates: “Membership of the Board ends with the expiration of its term or with the expiration of the member’s validity in accordance with any law or instructions applicable in KSA. However, the Ordinary General Assembly may at any time dismiss all or certain of the members of the Board of Directors, without prejudice to the right of the dismissed director towards the company to claim compensation if the dismissal occurred for an unacceptable reason or at an inappropriate time. A director of the Board of Directors may retire, provided that this is at an appropriate time, otherwise he will be liable to the company for the damages resulting from his retirement.” The company confirms to the shareholders requesting the removal of the member Nael Faye, that their resignation does not negate the vote on the item of filing a liability lawsuit against them in the General Assembly. held today, and the company reserves its full right to redress any violation issued by the resigned members.