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Announcement of Mohammed Hadi Al Rasheed & Co. on Appointing an Audit Committee Member
| Element List | Explanation |
|---|---|
| Introduction | Mohammed Hadi Al Rasheed & Co. announces that its Board of Directors, on 03/05/2026 corresponding to 16/11/1447H, approved the increase in the number of Audit Committee members from (3) to (4) members. The Board appointed Mr. Mohammed Sohaib Hazza Al-Ajmi (Expert Member - External) as the fourth new member of the Audit Committee, effective from 04/05/2026, to complete the remaining statutory period of the current committee session, which ends with the conclusion of the current Board term on 06/10/2028. We pray to Allah for his success and guidance. Accordingly, the composition of the Audit Committee members is as follows: Mr. Mohsen Mohammed Al-Abbas Ali Al Musaed (Chairman - Internal Board Member) Mr. Mohammed Hadi Al Rasheed (Expert Member - Internal Board Member) Mr. Ayed Faisal Ayed Al Rasheed (Expert Member - External) Mr. Mohammed Sohaib Hazza Al-Ajmi (Expert Member - External) |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mohammed Sohaib Hazza Al-Ajmi |
| Membership Start Date | 2026-05-04 Corresponding to 1447-11-17 |
| Brief Resume of the Appointed Member | Holds an LLM in International Commercial and Business Law from the University of East Anglia, UK, and an LLB from King Saud University. Certified in Governance, Risk & Compliance, and holds an Audit Committee Member Foundation certificate from PIF's Center of Governance, and is a licensed lawyer from the Ministry of Justice, KSA. Has over 17 years of experience in legal, governance, compliance, and risk management fields, and held senior positions at Maaden, ACWA Power, Qiddiya, and major PIF projects. Has extensive experience in corporate governance, board secretariat, and audit committee operations. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-05-03 Corresponding to 1447-11-16 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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