Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors resolved to appoint Mr. Asim Mohammed S Alhattami as an Independent Member of the Board of Directors to fill the vacant seat resulting from the resignation of Mr. Badr Abdullah Saleh Alhanaki. The Board also resolved to appoint Mr. Asim Alhattami as a Member and Chairman of the Audit Committee, effective 15/10/2026 until the end of the current Board term on 11/08/2028.

The appointment of the new Board Member was made based on the recommendation of the Nomination and Remuneration Committee, following a review of his qualifications and professional experience and verification that he meets the independence requirements and that none of the circumstances affecting independence, as stipulated in the Corporate Governance Regulations issued by the Capital Market Authority (CMA), apply to him.

The Board of Directors' approval of the appointment of Mr. Asim Alhattami as a Board Member is not final. The appointment will be presented to the next General Assembly meeting for approval, in accordance with the applicable laws and regulations.

He holds a Bachelor's degree in Accounting from King Fahd University of Petroleum and Minerals and a Master of Business Administration (MBA) from the University of Miami, USA. He also holds the U.S. Certified Public Accountant (CPA) qualification and the Saudi Organization for Chartered and Professional Accountants (SOCPA) qualification.

The Board of Directors extends its sincere thanks and appreciation to Mr. Badr Al-Hanaki for his efforts and contributions during his tenure as a member of the Board of Directors and Chairman of the Audit Committee, wishing him continued success in his future endeavors. The Board also wishes Mr. Asim Al-Hattami success in carrying out his duties and responsibilities in a manner that serves the interests of the Company and its shareholders.