Title :

Announcing the Resolutions of Board Meeting OQ BASE INDUSTRIES (SFZ)

Content :

The board of directors discussed the topics listed on the agenda in its meeting no. 2 held on 16/03/2026 and passed the following resolutions.

The Board of Directors of OQ Base Industries (SFZ) SAOG (“OQBI” or the “Company”) held its meeting on 16 March 2026, following the election of a new Board of the Company at the Annual General Meeting. In accordance with Article 182 of Commercial Companies Law (18/2019), the Board resolved the following: 

1. To appoint Mr. Ali Al Lawati as OQBI Board Chairperson

2. To appoint Mr. Saleh Al Mahthuri as OQBI Board Deputy Chairperson

3. To appoint Mr. AlZubair Al Mahri as OQBI Board Secretary

4. To establish OQBI’s Board committees as follows:

1. Audit & Risk Committee (“ARC”) which will be composed of the following Board Members:

(a) Saleh Al Mahthuri (Chairperson of the ARC)

(b) Bader Al-Hamad

(c) Ali Al Kharusi

2. Nomination & Remuneration Committee (“NRC”) which will be composed of the following Board Members:

(a) Hamed Al Rumhi (Chairperson of the NRC)

(b) Abdullah Al Harthy

(c) Salim Al Habsi 

3. Board Executive Committee (“BEC”) which will be composed of the following Board Members:

(a) Ali Al Lawati (Chairperson of the BEC)

(b) Bader Al-Hamad

(c) Salim Al Habsi 

*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.