Saudi Advanced Industries Co. Announces Appointment of a Board Member

• Date : 2023-05-30

Element List	Explanation
Introduction	Saudi Advanced Industries Company announces the approval of the Board of Directors by circulation on 30/05/2023 AD based on the recommendation of the Nominations and Remuneration Committee to appoint Mr. Fahad Mohammed Al Rowaigh 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. Fahad Mohammed Al Rowaigh
Membership Type	Independent
Membership Start Date	2023-05-30 Corresponding to 1444-11-10
Brief Resume of the Appointed Member	It is worth noting that Mr. Fahd holds a bachelor’s degree in business administration from King Faisal University, and has extensive experience for more than 24 years in managing strategic planning, managing coverage of local, regional and international stock markets, business development, and financial product development. He also has experience in the banking and finance sectors. And the investment sector, during which he held several leadership positions, and he was a member of the Capital Market Institutions Committee (Dealing), which is supervised by the Capital Market Authority, and he has a member of the Investment Committee, the Supreme Administrative Committee, and the Risk Committee in Al Rajhi Capital.

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2023-05-30 Corresponding to 1444-11-10
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval