Al-Naqool BOD appoints Majed Al-Subaie as Chairman and Mohammad Al-Mutairi as Vice-Chairman

The Board of Directors of Muhammad Hassan Al-Naqool Sons Company announced on Sunday the decision of the Board of Directors in the meeting held on 15/12/2022, to select and name the Chairman of the Board, the Vice-Chairman of the Board and the Managing Director, the formation of committees, the appointment of the Secretary of the Board of Directors for the new session, as well as the selection of the company’s representatives to the Capital Market Authority the Saudi Stock Exchange Company, Tadawul, and the Securities Depository Center Company (Edaa), as follows:

First: Election of the Chairman of the Board of Directors, his deputy and the managing director as follows:

Appointment of Mr. Majed Mohammed Hassan Al-Subaie – Chairman of the Board of Directors

Appointment of Mr. Mohammad Hazaa Mohammad Al-Mutairi – Vice-Chairman of the Board of Directors

Appointment of Mr. Turki Mohammad Hassan Al-Subaie – Managing Director

Second: The Council approved the formation of the following committees:

Formation of the Remuneration and Nomination Committee as follows:

• Mohammad Hazaa Mohammad Al-Mutairi, Chairman of the Committee
• Mutlaq Abdullah Mutlaq Al-Subaie, member of the committee
• Nayef Mohammad Hassan Al-Subaie, member of the Committee

Formation of the Risk Management Committee as follows:

1. Majid Mohammad Hassan Al-Subaie, Chairman of the Committee
2. Mohammad Hazaa Mohammad Al-Mutairi, member of the Committee
3. Mubarak Ayed Mohammed Al-Subaie, member of the Committee

It should also be noted that the formation of the Audit Committee was approved according to the results of the General Assembly held on 30/11/2022 for a period of three years.

In addition, company representatives have been appointed for all purposes related to the implementation of the implementing laws and regulations. The Capital Market Authority, the Saudi Stock Exchange (Tadawul), and the Securities Depository Center Company (Edaa), in addition to appointing a Secretary to the Board of Directors.

Referring to the results of the Ordinary General Assembly meeting held on 30/11/2022. In which the members of the Board of Directors of Muhammad Hassan Al Naqool Sons Company were elected for its new term, which begins its work as of 15/12/ 2022 and for a period of three years ending on 14/12/2025.