|A reference to the results of the company’s ordinary general assembly meeting, which was announced in (Saudi Tadawul) on 01/28/2024, which includes the approval of the election of the Board of Directors for the new session, which begins on 01/25/2024 and ends on 01/24/2027. m for three years.
Accordingly, the members of the Board of Directors met on Tuesday, 07/18/1445, corresponding to 01/30/2024, to deliberate on the formation of the Board members, and the following decisions were taken:
First: Election of the Chairman of the Board of Directors and his deputy as follows: –
1- Appointment Dr. Obaid Saad Al-Subaie (Independent) as Chairman of the Board of Directors
2- Appointment Mr. Abdulaziz Abdulmohsen Al-Bakr (Independent) as Vice Chairman of the Board of Directors.
Second: Appointment Dr. Abdul Rahman Ahmed Al-Mufarreh (Executive) as CEO.
Third: Appointing Dr. Obaid Saad Al-Subaie and Dr. Abdul Rahman Ahmed Al-Mufarreh as the company’s representatives to the Capital Market Authority for all purposes related to the application of the Capital Market Law and its executive regulations.
Fourth: Approval of the formation of the Nominations and Remuneration Committee for the new session, which begins its work on 01/25/2024 for a period of three years, and ends on 01/24/2027, and to appoint the following members:
• Mr. Abdulaziz Abdulmohsen Al-Bakr Independent (Chairman of Committee)
• Mr. Fahd Mohammed Al-Habardi – Independent
• Mr. Khaled Muhammad Al-Hanaki – Independent
Fifth: Approved of the formation of the audit committee for the new session, whose work begins on 01/25/2024 for a period of three years, and ends on 01/24/2027, and the appointment of the following members:
• Mr. Mishal Abdul Rahman Al-Aqla – Independent (Chairman of the Committee).
· Mr. Khaled Mohammed Al Hinaki – Independent
• Mr. Osama Suleiman Al-Sudais – Outside Board Member