Saudi Advanced Industries Co. Announces Appointment of a Board Member

• Date : 2023-05-23

Element List	Explanation
Introduction	Saudi Advanced Industries Company announces the approval of the Board of Directors by circulation on 23/05/2023 AD based on the recommendation of the Nominations and Remuneration Committee to appoint Mr. Yasser bin Rashid Al-Rasheed as an (independent) member of the Board of Directors and to complete the current session of the Board that ends on 30/05/2025 AD

Element List	Explanation
Appointed Member Name	Mr. Yasser bin Rashid Al-Rasheed
Membership Type	Independent
Membership Start Date	2023-05-23 Corresponding to 1444-11-03
Brief Resume of the Appointed Member	It is worth noting that Mr. Yasser Rashid Al-Rasheed holds a master’s degree in financial management from the University of Denver, USA, and has more than 15 years of experience in the banking sector, the financing sector, and the investment sector, during which he held several leadership positions, and he also serves as a member of the Board of Directors of Malath Insurance Company. .

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2023-05-23 Corresponding to 1444-11-03
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval