Ibrahim Alhudaithi Reappointed Chairman of SASCO’s Board of Directors

Saudi Automotive Services Company (SASCO) announced on Sunday that following an Extraordinary General Assembly held on Sunday, June 9, 2024, the Board of Directors has decided by circulation to appoint the Chairman of the Board of Directors, his deputy, and the Managing Director, and to form the Board committees and appoint the company’s representatives as follows:

I. Appointment of Mr. Ibrahim Mohammed Alhudaithi (Non-Executive Member) as Chairman of the Board of Directors.

II. Appointment of Mr. Sultan Mohammed Alhudaithi (Executive Member) as Vice Chairman and Managing Director.

III. Forming the committees of the Board as follows:

Executive Committee:

1. Mr. /Ibrahim Mohammad Alhudaithi (Non-Executive Member) as Chairman of committee.

2. Mr. /Sultan Mohammad Alhudaithi (Executive Member) as member of committee.

3. Mr. /Riyadh Saleh Almalik (Executive Member) as member of committee.

Audit Committee:

1. Mr. /Majed Nasser Alsubeaei (Independent Member) as Chairman of committee.

2. Mr. /Abdullah Saghaier Alhussaini Member (non-board).

3. Mr. /Ali Mohammed Alhudaithi

Member (non-board).

Remuneration and Nomination

Committee:

1. Mr. /Faisal Abdullah Aljudaie.

(Independent Member) as member of committee.

2. Mr. /Majed Mohammed Alothman (Non-Executive Member) as member of committee.

3. Mr. /Yousef Hamad Alyousefi (Independent Member) as member of committee.

(Chairman will be determined at the first meeting of the committee)

IV. Appointing company representatives for all matters related to the implementation of the rules and regulations at Capital Market Authority (CMA), Saudi Tadawul group (Tadawul), and the Securities Depository Center Co. (Edaa).