1- H.E. Mr. Amr Abdullah Al Dabbagh (Chairman)

2- Mr. Sami Ahmed BinMahfooz (Deputy Chairman)

3- Mr. Khalid Mohammed Fagih

4- Mr. Taher Mohammed Omar Agueel

5- Mr. Osama Zakaria Jamjoom

6- Mr. Mujahid Abdulkareem Al-Gaun

7- Mr. Mohammed Zaher Al-Munajjed

The following members were absent from the meeting:

1- Mr. Peter Walichnowski

1- H.E. Mr. Amr Abdullah Al Dabbagh (Chairman of the Executive Committee)

2- Mr. Sami Ahmed BinMahfooz (Chairman of the Audit Committee)

3- Mr. Mohammed Zaher Al-Munajjed (Chairman of the Nomination & Compensation Committee)

“Annual Report” for the Financial

Year ended on 31-12-2022 and

discuss.

2. Approved on the Independent Auditor

Report for the Financial Year ended

31-12-2022.

3. Approved the Financial Statements

for the Financial Year ended on

31-12-2022 and discuss.

4. Approved on the appointment of the

company’s External Auditor from

among the candidates nominated

based on the recommendation of

the Audit Committee, to review and

audit financial statements for the

second quarter, third quarter,

fourth quarter, and the annual for

the financial year 2023, in addition

to the first quarter of the financial

year 2024 and determine its fees.

5. Approved on the payment of SAR

3,386,000 as remuneration to Board

Members for the financial year ended on 31-12-2022.

6. Approved on delegating the Ordinary

General Assembly’s powers to the

Board of Directors as stipulated in

paragraph (1) of Article (27) of the

Companies Law, for a period of one

year from the General Assembly’s

approval, or until the end of the

Board of Directors’ term whichever

is earlier, in accordance with the

terms stated in the Regulatory Rules

and Procedures issued pursuant to

the Companies Law related to listed

joint-stock companies.

7. Approved on the contract

that took place between Red Sea

International Company and Mr.

Saleh Mohammed Bin-Laden

(previous Board Member) to rent a

portion of a plot in Rabigh to build a

residential complex for the

employees of the companies

operating in the region for an annual

amount of SAR 883,390.95, whereby

Mr. Saleh Bin-laden (previous Board

Member) has a direct interest in this

contract in 2021 in his capacity as

landowner. This contract does not

have any preferential conditions. The

Membership of Mr. Saleh Bin-Laden

in the Board of Red Sea International

Company expired on 09-05-2021.

8. Approved to absolve the members of the

Board of Directors from liability for the

year ending 31-12-2022