Reference to the announcement by Mohammed Hadi Al-Rasheed & Partners Company on 1446-03-27H, corresponding to 2024-09-30, regarding the results of the Extraordinary General Assembly meeting held on 1446-03-26H, corresponding to 2024-09-29, which included the election of Board members from among the nominees for the upcoming term starting on 2024-10-07 and lasting for four years, ending on 2028-10-06.

The company is pleased to announce the resolutions of the Board of Directors issued on 4/4/1446H, corresponding to 2024-10-07, regarding the appointment of the Chairman of the Board, Vice Chairman, Managing Director, CEO, and Board Secretary, in addition to the formation of the Audit Committee and the Nomination and Remuneration Committee, as well as the appointment of the company’s representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul).

The Board of Directors, in its first meeting, decided the following:

1 - Appointment of Mr. Hamad Mohammed Hadi Al-Rasheed as Chairman of the Board.

2 - Mr. Mohsen Mohammed Hadi Al-Rasheed was appointed as vice chairman of the board.

3 - Mr. Bader Mohammed Hadi Al-Rasheed is appointed Managing Director and CEO of the Company.

4 - Appointment of a Board Secretary.

5 - Formation of the Audit Committee from the following members:

A - Appointed Member:

Mr. Abbas Ali Qaed Ahmed Al-Musaid – (Board Member) (Chairman of the Committee)

Membership Start Date: 2024-10-07

Brief Biography: Abbas Ali Al-Musaid currently holds the position of Chief Financial Officer at Al-Jouf Cement Company. He obtained a master's degree in accounting from Middle Tennessee State University in the USA in 2011. He has over 24 years of experience in various sectors, including finance, telecommunications, aviation, industry, trade, and, most recently, the industrial sector. He also has previous experience as a member of the Audit Committee at Mohammed Hadi Al-Rasheed & Partners Company.

B - Appointed Member:

- Mr. Mohsen Mohammed Hadi Al Rashid - (Non-Executive Member from within Board Member) (Committee Member)

Membership Start Date: 2024-10-07

Brief Biography: Mohsen Mohammed Hadi Al-Rasheed currently serves as General Manager at Riyadh House Mining Company. He has over 27 years of practical experience in mining, trade, and investment. He has held several management positions at major companies such as Bahi Company and Mohammed Hadi Al-Rasheed & Partners Company.

C - Appointed Member:

Mr. Aidh Faisal Aidh Al-Rasheed – (Non-Board Member) (Committee Member)

Membership Start Date: 2024-10-07

Brief Biography: Aidh Faisal Aidh Al-Rasheed currently serves as Executive Director at the Economic Cities and Special Zones Authority. He holds a Ph.D. in economic development from New Mexico State University in the USA and an MBA, a Master's in Economics, and a Postgraduate Certificate in Financial Management. He has over 26 years of practical experience in economic development, finance, and consultancy and has held various leadership positions in the public, private, and non-profit sectors.

6 - Formation of the Nomination and Remuneration Committee from the following members:

A - Appointed Member:

Mr. Faris Abdulrahman Ibrahim Al-Faris – (Board Member) (Chairman of the Committee)

Membership Start Date: 2024-10-07

Brief Biography: Faris Abdulrahman Ibrahim Al-Faris has over 18 years of experience in financial markets. He has held several leadership positions, including Head of Asset Management at Yaqeen Financial and Al Rajhi Financial and Director of Capital Markets at Investment Capital Company. He holds a bachelor's degree in financial accounting from Prince Sultan University, Saudi Arabia.

B - Appointed Member:

Mr. Nawaf Salem Saeed Al-Hajriya Al-Qahtani – (Non-Board Member) (Committee Member)

Membership Start Date: 2024-10-07

Brief Biography: Nawaf Salem Saeed Al-Qahtani currently holds the position of Senior Accountant at Mohammed Hadi Al-Rasheed & Partners Company. He earned his bachelor's degree in finance from Valdosta State University in the USA in 2019. He has more than five years of practical experience, holding various roles within the finance department.

C - Appointed Member:

Ms. Sarah Ali Ali Rajhi – (Non-Board Member) (Committee Member)

Membership Start Date: 2024-10-07

Brief Biography: Sarah Ali Ahmed Rajhi currently serves as a Legal Specialist at Mohammed Hadi Al-Rasheed & Partners Company. She obtained her bachelor's degree in law from King Abdulaziz University in Jeddah, Saudi Arabia, in 2021. She has over five years of practical experience, during which she handled numerous administrative tasks and worked on various government and judicial platforms due to her professional responsibilities.

7 - Appointment of the company’s representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul). Their names are as follows:

Mr. Mohsen Mohammed Hadi Al-Rasheed – (Vice Chairman of the Board)

Mr. Bader Mohammed Hadi Al-Rasheed – (Managing Director and CEO)