Saudi Advanced Industries Company announces the decision of the Board of Directors at its first meeting of the new board on 05-06-2022 AD 6/11/1443 AH, which includes the appointment of the Chairman of the Board of Directors, Vice-Chairman, the Managing Director, and the formation of committees, as follows:

First: The Council decided to appoint

Dr. Abdullah Suliman AlJuraish (Chairman of the Board of Directors),

Mr. Abdullah Mohammed AlHomaidi (Vice Chairman)

Mr. Musa Abdullah AlRuwaili ( Managing Director )

Second: The Nomination and Remuneration Committee shall be formed from the following members:

Mr. Abdulrhman Nasser AlObaid (Chairman of the Committee).

Dr. Abdullah Suliman AlJuraish (Member)

Mr. Abdullah Mohammed AlHomaidi (Member)

Third: Formation of the Investment Management Committee, from the following members

Mr. Musa Abdullah AlRuwaili (Chairman of the Committee)

Mr. Abdullah Mohammed AlHomaidi (Member)

Mr. Mohammed Abduleziz Alshetwey (Member Executive )

Fourth: Formation of the Audit Committee, from the following members, to be presented to the nearest general assembly for approval:

Mr. Abdullah Mohammed AlHomaidi (Chairman of the Committee)

Mr. Ammar Abdulrahim Qadi (Member out of BOD)

Mr. Faisel Sultan Alsubei (Member out of BOD)

Fifth: The company’s representatives to the Capital Market Authority and to the Saudi Tadawul Group and Edaa have been appointed for all purposes related to the application of the capital market system and its executive regulations and the Secretary of the Board of Directors.

Sixth: Formation of the Governance Committee.