The Board extends its sincere gratitude and appreciation to Mr. Abdullah during his tenure as the Chief Executive Officer for his leadership and contributions since establishing the Company and building its foundations, including the implementation of a number of strategic initiatives, the listing of the Company on the Nomu – Parallel Market of the Saudi Exchange, and the advancements of key development milestones that strengthened the Company’s business and supported its growth trajectory.

The Board of Directors has also decided, in line with the Company’s strategic growth objectives, and based on the recommendation of the Remuneration and Nomination Committee, to appoint Mr. Firas bin Ghazi bin Ibrahim Almatrafi as Chief Executive Officer of the Company, effective 15/04/2026G corresponding to 28/10/1447H.

Mr. Firas is particularly recognized for commercializing strategy into scalable, revenue-generating business models, enabling organizations to evolve from traditional offerings into integrated business solutions and managed services platforms. Throughout his career, he has worked closely with boards and executive committees to strengthen governance frameworks, enhance organizational performance, and position businesses for their next phase of growth and market expansion. He also serves on the boards of multiple special purpose vehicles and Managed Services Center (MSC). Mr. Firas holds an MBA from IE Business School in Madrid and completed Harvard Business School’s flagship General Management Program.

For more details, you can refer to the attached press release.