Brief biography of the Managing Director:

Mohammad Kamal Ahmed Almuzel holds a bachelor's degree in financial management from the United States and has attended several courses in leadership, investment, and finance. He currently serves as Vice President for Investment and Treasury at a holding company.

He has extensive experience in the financial and banking sector spanning over 15 years, transitioning from working in banks to managing investments in companies, where he leads growth strategies and diversifies investment portfolios. He is a member of the boards of directors of several companies and participates in governance, audit, and compensation committees. He is known for his strategic vision and passion for enhancing financial performance and operational efficiency. Additionally.

The Board of Directors made a decision on July 22, 2025, to terminate the assignment of the acting CEO, Mr. Abdullah Mohamed Al-Shehri. The Board of Directors thanks Mr. Abdullah Mohamed Al-Shehri for his efforts during his assignment as acting CEO.

The Board of Directors issued a decision on July 22, 2025, to restructure the Audit Committee from that date until the end of the current council term on January 13, 2027,

The committee members before restructuring were:

Mr. Mohammad Kamal Ahmed Almuzel (Chairman),

Mr. Abdullah Habib Al-Hamood (from outside the Board)

Mr. Saad Mahanna Al-Sunaidi (from outside the Board)

The committee members after restructuring are as follows:

Mr. Mohammad Hidi Shugaa Alotaibi (Chairman)

Mr. Badr Adnan Mohammed Al-Fadda

Mr. Abdullah Habib Al-Hamood (from outside the Board)

The Board of Directors also issued a decision on July 22, 2025, to restructure the Remuneration and Nominations Committee from that date until the end of the current council term on January 13, 2027. The committee members before restructuring were

Mr. Mohammad Hidi Shugaa Alotaibi (Chairman)

Mr. Bader Adnan Mohammad Alfadda

Mr. Mohammad Kamal Ahmed Almuzel

The committee members after restructuring are as follows:

Mr. Majed Musfer Alghufaili (Chairman)

Mr. Bader Adnan Mohammad Alfadda

Mr. Mohammad Hidi Shugaa Alotaibi

The Board of Directors issued a decision on July 20, 2024, to restructure the Executive Committee from that date until the end of the current council term on January 13, 2027.

The committee members before the reformation were

Mr. Saad Solaib Mutlaq Alotaibi (Chairman)

Mr. Mohammad Yaqoob Yousuf Al Mukhadeb

Eng. Eyad A/Rahman Mohammad Albunaian

The committee members after the reformation are as follows:

Mr. Mohammad Yaqoob Yousuf Al Mukhadeb (Chairman)

Eng. Eyad A/Rahman Mohammad Albunaian

Mr. Majed Musfer Alghufaili

The Board of Directors issued a decision on July 20, 2024, to cancel the Investment Committee and merge its powers with those of the Executive Committee.