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Al Khaleej Training and Education Company announces the results of the Ordinary General Assembly meeting (first meeting) Announcement title

ELEMENT LIST EXPLANATION
Introduction The Board of Directors of Al Khaleej Training and Education Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held at 6:30 pm on Tuesday 13/10/1442 AH corresponding to 25/05/2021 AD through modern technology using tadawulati system, in order to ensure the safety of dealers in the financial market within the framework of supporting preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (Covid-19) and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia in taking preventive measures Necessary to prevent its spread, and after the completion of the quorum necessary for the validity of the assembly to convene, the results of the voting came as follows:
City and Location of the General Assembly’s Meeting Through virtual conference technology broadcasting from the company’s headquarters in Riyadh, Street No. 64 intersecting east with Olaya Street, Building No. 9, Olaya district.
Date of the General Assembly’s Meeting 2021-05-25 Corresponding to 1442-10-13
Time of the General Assembly’s Meeting 18:30
Percentage of Attending Shareholders ( % 41.79 )
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees

The meeting was attended by members of the Board of Directors: –

1. Mr. Abdul Aziz bin Hammad Nasser Al-Blayd – Chairman of the Board of Directors

2. Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed – Deputy Chairman of the Council

3. Dr. Abdullah bin Sagheer Muhammad Al-Hussaini

4. Professor / Abdul Malik bin Abdul Rahman Al Sheikh

5. Mr. Abdullah bin Muhammad Suleiman Jabrin

6. Engineer / Al-Walid Bin Abdul Razzaq Al-Duraiaan

I apologize for attending the meeting from the members of the Board of Directors:

1. Mr. Ahmed bin Ali Ahmed Al-Shadawi

2. Dr. Ali bin Abdul Khaleq Abdul Rahman Al-Qarni

Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf

The meeting was attended by the heads of the committees:

1. Dr. Abdullah bin Sagheer Muhammad Al-Hussaini – Chairman of the Audit Committee

2. Mr. Abdul Malik Bin Abdul Rahman Al Al Sheikh – Chairman of the Nominations and Remuneration Committee

3. Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed – Member of the Committee – on behalf of Dr. Ali bin Abdul Khaleq Abdul Rahman Al-Qarni – Chairman of the Governance and Social Responsibility Committee

Voting Results on the Items of the General Assembly’s Meeting Agenda’s

1. Approval of the company’s financial statements for the fiscal year ending 31-12-2020 AD.

2. Approval of the company’s auditor report for the fiscal year ending 31-12-2020 AD.

3. Approval of the report of the company’s board of directors for the fiscal year ending on 31-12-2020 AD.

4. Approval of the appointment of Ibrahim Ahmed Al-Bassam and his partners, chartered accountants (Al-Bassam and his partners) as an auditor for the company from among the candidates based on the recommendation of the audit committee in order to examine, review and audit the financial statements for the (second, third, fourth and annual) quarters of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD And determine his fees.

5. Approval of the Board of Director’s recommendation to distribute cash dividends to shareholders for the fiscal year ending on 31/12/2020 AD at a rate of 0.25 one quarter of one riyal per share, which is equivalent to (2.5%) of the nominal value per share in a total amount of (11,250,000) Eleven million two hundred fifty thousand riyals, provided that the shareholders who own the shares on the day of the assembly and who are registered in the company’s shareholders register at the Depository Center are eligible for the second trading day following the date of the meeting, and the date of dividend distribution will be announced later.

6. Approval of absolving the members of the company’s board of directors’ liability for the fiscal year ending 31-12-2020 AD.

7. Approval of disburse an amount of (900,000) nine hundred thousand riyals as a bonus to the members of the company’s board of directors for the fiscal year ending on 31-12-2020 AD.

8. Approval of authorize the company’s board of directors of the power of the general assembly of shareholders based on clause (1) of Article 71 of the Companies policy for a period of one year from the date of the approval of the general assembly of shareholders or until the end of the period of the authorized board of directors, whichever is earlier according to the conditions mentioned in the regulatory controls and procedures issued by the Capital Market Authority in implementation of the Companies Law for Listed Joint Stock Companies.

9. Approval of the community service responsibility policy.

Additional Information

For any further enquiries or information please contact our shareholder’s relationship department on phone number 0114623260 ext. 1593,

or by e-mail: adel-amin@alkhaleej.com.sa

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

 

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 205,871,943 213,762,229 -3.691 208,003,141 -1.024
Gross Profit (Loss) 21,592,931 34,369,762 -37.174 26,348,461 -18.048
Operational Profit (Loss) -9,882,392 6,129,383 -7,104,273 39.104
Net Profit (Loss) after Zakat and Tax -7,601,835 4,390,709 -4,843,793 56.939
Total Comprehensive Income 1,147,158 -26,678,341 -24,217,860
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after Deducting Minority Equity) 597,878,564 591,928,647 1.005
Profit (Loss) per Share -0.17 0.1
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit in the current quarter compared to the same quarter of the previous year is mainly due to the decrease in revenues for the current quarter compared with the same quarter of the previous year due to the impact of the pandemic in addition to the increase in the cost of revenues for the current quarter compared to the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason for the decrease in the results of the first quarter of 2021 compared to the fourth quarter of 2020 is that the fourth quarter is always the most sales period in the training sector for individuals, the government sector and subsidiary companies.
Statement of the type of external auditor’s report Unmodified conclusion
Reclassification of Comparison Items no reclassification had been done
Additional Information (Loss) per share is calculated by dividing the loss for the period attributable to theshareholders of the parent company by the weighted average number of ordinary shares during the period. Diluted earnings per share does not apply to the group.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Al Khaleej Training and Education Company announces to its shareholders the date of the start of electronic voting on the items of the Ordinary General Assembly meeting (the first meeting) by means of modern technology

ELEMENT LIST EXPLANATION
Announcement Detail

With reference to the announcement of the Gulf Training and Education Company on the Capital Market website (Tadawul) on 17/09/1442 AH corresponding to 29/04/2021 regarding the invitation to attend the meeting of the Ordinary General Assembly (the first meeting) to be held, God Almighty’s will, at 6:30 pm on Tuesday the13/10/1442AH corresponding to 25/05/2021AD, through the means of modern technology through the system of deliberation, and that is within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities in the Kingdom of Saudi Arabia to address the emerging corona virus (Covid-19), and as an extension of the continuous efforts that It is made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

Therefore, Al Khaleej Training and Education Company would like to remind its valued shareholders that they will be able to electronically vote on the assembly’s items starting from ten in the morning on Friday 09/10/1442 AH corresponding to 21/05/2021 AD until the end of the assembly time. Registration and voting for Tadawulaty Services will be free of charge and available to all shareholders using the following link: www.tadawulaty.com.sa

In case of any inquiries about the meeting terms, we hope to contact the Shareholders Relations Department at the e-mail: adel-amin@alkhaleej.com.sa with the necessity to attach a copy of the shareholder’s identity.

God grants success.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

 

Al Khaleej Training and Education Company is pleased to invite shareholders to participate and vote in the Regular General Assembly meeting (the first meeting)

ELEMENT LIST EXPLANATION
Introduction The Board of Directors of Al Khaleej Training and Education Company is pleased to invite shareholders to participate and vote in the Regular General Assembly meeting (the first meeting), which is scheduled to be held, at 6:30 pm on Tuesday 13/10/1442 AH corresponding to 25/05/2021 AD virtually through conference technology tools using the Tadawulaty system, in order to ensure the safety of dealers in the financial market and supporting the preventive and precautionary efforts and measures imposed by the competent and relevant health authorities, responding to the pandemic Corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive procedures to prevent its spread,
City and Location of the General Assembly’s Meeting Through virtual conference technology broadcasting from the company’s headquarters in Riyadh, Street No. 64 intersecting east with Olaya Street, Building No. 9, Olaya district.
URL for the Meeting Location https://tadawulaty.com.sa
Date of the General Assembly’s Meeting 2021-05-25 Corresponding to 1442-10-13
Time of the General Assembly’s Meeting 18:30
Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly’s Meeting The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a quarter of the capital, and if this quorum necessary for holding this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it .
General Assembly Meeting Agenda 1. Voting on the company’s financial statements for the fiscal year ending 31-12-2020 AD.2. Voting on the company’s auditor report for the fiscal year ending 31-12-2020 AD.

3. Voting on the report of the company’s board of directors for the fiscal year ending on 31-12-2020 AD.

4. Voting to appoint the company’s auditor from the candidates, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second, third, fourth quarters) and annual of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD, and determine their fees.

5. Voting on the Board of Director’s recommendation to distribute cash dividends to shareholders for the fiscal year ending on 31-12-2020 AD at a rate of 0.25 one quarter of one riyal per share, which is equivalent to (2.5%) of the nominal value per share in a total amount of (11,250,000) Eleven million two hundred fifty thousand riyals, provided that the shareholders who own the shares on the day of the assembly and who are registered in the company’s shareholders register at the Depository Center are eligible for the second trading day following the date of the meeting, and the date of dividend distribution will be announced later.

6. Vote on absolving the members of the company’s board of directors’ liability for the fiscal year ending 31-12-2020 AD.

7. Vote to disburse an amount of (900,000) nine hundred thousand riyals as a bonus to the members of the company’s board of directors for the fiscal year ending on 31-12-2020 AD.

8. Voting to authorize the company’s board of directors of the power of the general assembly of shareholders based on clause (1) of Article 71 of the Companies policy for a period of one year from the date of the approval of the general assembly of shareholders or until the end of the period of the authorized board of directors, whichever is earlier according to the conditions mentioned in the regulatory controls and procedures issued by the Capital Market Authority in implementation of the Companies Law for Listed Joint Stock Companies.

9. Voting on the community service responsibility policy.

Proxy Form
E-Vote The honorable shareholders registered on the Tadawulaty Services website will be able to vote electronically on the assembly’s items effective 10 am. On Friday 09/10/1442 AH corresponding to 21/05/2021 AD until the end of the assembly time. Registration and voting on Tadawulaty services will be available free of charge to all shareholders using the following link: https://tadawulaty.com.sa
Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication For any further enquiries or information please contact our shareholder’s relationship department on phone number 0114623260 ext. 1593, or by e-mail:adel-amin@alkhaleej.com.sa
Additional Information All documents related to the above-mentioned assembly items are attached to the announcement.
Attached Documents             

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Alkhaleej Training and Education Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE
Sales/Revenue 787,328,745 864,191,027 -8.894
Gross Profit (Loss) 103,600,407 137,175,358 -24.475
Operational Profit (Loss) 4,463,630 20,534,847 -78.263
Net Profit (Loss) after Zakat and Tax 10,742,224 59,359,517 -81.903
Total Comprehensive Income 7,312,878 71,345,635 -89.75
Total Share Holders Equity (after Deducting Minority Equity) 596,787,341 600,724,463 -0.655
Profit (Loss) per Share 0.24 1.32
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the decrease in net profit for this year compared to the previous year is the decrease in sales in general, which is mainly caused by the impact of Covid-19. also there was other income from sale and leaseback of buildings in last year.
Statement of the type of external auditor’s report Qualified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion Investments in equity instruments designated at FVOCI include registered investmentsWith a value of SAR 14 million, we were not provided with the fair value of these investments as of December 31, 2020, and as a result we were not

We are able to determine whether it is necessary to make any adjustments related to the investment component in equity instruments through

Other comprehensive income in the statement of financial position and the items that make up the consolidated statement of comprehensive income and change in shareholders’ equity.

Reclassification of Comparison Items The comparative figures for previous years have been adjusted for profitability, net zakat, gross profit and gross comprehensive income for the previous year
Additional Information Net earnings per share is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Al Khaleej Training and Education Company announces the distribution of cash dividends to shareholders for the fiscal year 2020 AD

ELEMENT LIST EXPLANATION
Introduction Al khaleej Training and Education Company announces the recommendation of the Board of Directors to the next General Assembly to distribute cash dividends to shareholders for the fiscal year 2020.
Date of the board’s decision 2021-03-30 Corresponding to 1442-08-17
The Total amount distributed 11.250.000 riyals
Number of Shares Eligible for Dividends 45.000.000
Dividend per share (0.25) quarter riyals
Percentage of Dividend to the Share Par Value (%) 2.5 %
Eligibility date The right of profits to the shareholders of the company who own the shares on the day of the General Assembly (the day of entitlement) and who are registered in the company’s shareholders ’register with the Securities Depository Center (Edaa center) at the end of the second trading day following the date of the general assembly that will be announced later after taking the necessary approvals from the designated authorities.
Distribution Date The distribution date will be announced later.
Additional Information

We hope our valued shareholders to quickly update their information and ensure that their bank account numbers are linked to their investment portfolios to ensure that their profits are deposited directly into their accounts with banks

We would also like to draw the attention of the non-resident foreign investors to the fact that cash dividends that are transferred through the resident financial intermediary will, upon transfer or registration in his bank account, be subject to withholding tax at a rate of 5% in accordance with the provisions of Article (68) of the Income Tax Law and Article (63). From its executive regulations.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Al Khaleej Training and Education Company announces the recommendation of the Board of Directors to increase the company’s capital by offering priority rights shares.

ELEMENT LIST EXPLANATION
Introduction Al Khaleej Training and Education Company announces the recommendation of the Board of Directors to increase the company’s capital by offering priority rights shares.
Date of Board Meeting 2021-03-30 Corresponding to 1442-08-17
Target Amount 200 million Saudi riyals
Reasons for the increase The company aims to finance and implement its future plans and projects, expand its various activities and acquire assets in the field of education.
Eligibility date Provided that the eligibility of the shareholders who own the shares on the day of the extraordinary general assembly that will decide to increase the capital by offering priority rights shares and whose names appear in the issuer’s shareholder register at the Depository Center at the end of the second trading day following the date of the assembly
Approvals Approval of the relevant official authorities and the extraordinary general assembly
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA

Messrs. / Arab National Investment Company – was appointed as the financial advisor for the offering.

The announcement will be made later when the file of the capital increase request is submitted to the Capital Market Authority, and when there are any future developments in this regard.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Al Khaleej Training and Education Company announces the latest developments regarding the binding memorandum of understanding signed with Al Ruqy National Schools Company Ltd.

ELEMENT LIST EXPLANATION
Introduction A reference to the announcement by Al Khaleej Training and Education Company on the Tadawul website on 24/12/2020 AD about the latest developments regarding the binding memorandum of understanding signed with the Al Raqi National Schools Company Ltd. on 24/11/2020 AD to acquire a percentage (60%) of the ownership shares of the National Roqy Schools Conditional on the completion of due diligence checks and the signing of the sale and purchase agreement.The company wishes to announce that it has been agreed with the owners of the Al-Raqi National Schools Company Ltd. to extend the memorandum of understanding for the second time with the same previous terms and conditions for another additional period of (180) days from the start of the date of March 23/03/2021 AD in order to complete the examinations of ignorance and obtain the necessary licenses For the new girls’ pool.
Previous Announcement Al Khaleej Training and Education Company announces the latest developments regarding the binding memorandum of understanding signed with Al Ruqy National Schools Company Ltd. (a limited liability company)
Date of Previous Announcement on Tadawul’s Website 2020-12-24 Corresponding to 1442-05-09
Percentage of fulfilled achievement NA
Event’s Expected Completion Date NA
Reasons for Exceeding the Announced End Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. NA
Impact of the Delay on the Company’s Financial Results NA

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Al Khaleej Training and Education Company is ranked second in the Corporate Governance Index from King Faisal University.

For the third year in a row, Al Khaleej Training and Education continues to shine in the governance Index, as it ranked second among the best performing companies in the corporate governance index.

The Second Global Conference for Corporate Governance was held last Wednesday evening (3/2/2021), at the headquarters of Al-Faisal University in Riyadh under the title “Investing in the Modern International Standard: Environment, Social Responsibility, and Governance”.

In the presence of international speakers from London Business School and the University of California, Los Angeles, and many representatives of joint-stock companies listed in the Kingdom of Saudi Arabia.

The Corporate Governance Center at King Faisal University has honored several distinguished companies in applying the corporate governance for non-financial sectors, according to King Faisal University evaluation system for the joint-stock companies listed in the Saudi financial market through the companies’ website and the financial market website (Tadawul).

Results showed the companies won the first place, and twenty companies got the second place, among all the joint-stock companies listed in the Saudi Stock Exchange, which includes Al Khaleej Company for Training and Education.

Winning of the second place in the Corporate Governance Index by Al Khaleej Training and Education comes as a result of the company’s constant eagerness to the optimal application of governance rules and adopting the principles and practices of governance and updating them from time to time in order to maintain improvement. The company aspires to reach the first place in the coming years, God willing.

On this occasion, Al Khaleej Training and Education Company would like to extend its sincere thanks to Mr. (Adel Amin Othman), Director of the Department of Shareholders Affairs and Governance, for his efforts in reaching the company to the list of the best performing companies in the Corporate Governance Index and getting the second place this year and its excellence for three years in a row in Companies Governance Center from King Faisal University.

Al Khaleej Training and Education Company announces the appointment of the Chairman and Vice President of the Board of Directors and the formation of the Board Committees for its new session.

 

Al Khaleej Training and Education Company announces that on Sunday 02-07-1442 AH corresponding to 14-02-2021 AD, the first meeting of the Board of Directors was held in its new session, which started from 12-02-2021 AD and ends on 11-02-2024 AD and for a period of three years. The Board of Directors decided in its first meeting the following:

First: Appointing Mr. Abdul Aziz bin Hammad Nasser Al-Balayd – Chairman of the Board of Directors.

Second: Appointing Mr. Abdul Aziz bin Rashid Al-Rashed as Vice Chairman of the Board of Directors.

Third: Forming committees emanating from the Board of Directors:

1. The Nomination and Remuneration Committee: where each of:

– Mr. Abdul Aziz bin Rashid Al-Rashid – Chairman

– Mr. Abdul-Malik bin Abdul Rahman Al-Sheikh – Member

– Mr. Abdullah bin Muhammad Suleiman Jabrin – Member

2. The Governance and Social Responsibility Committee: where each of the following were appointed:

– Dr. Ali bin Abdul-Khaleq Al-Qarni – Chairman

– Mr. Abdul Aziz bin Rashid Al-Rashed – Member

– Dr. Abdullah bin Sagheer Muhammad Al-Husseini – Member

3. The Audit Committee: It was approved to be formed in accordance with the decision of the General Assembly of shareholders on 21-12-2020 AD, as each of the following were appointed:

– Dr. Abdullah bin Sagheer Muhammad Al-Husseini – Chairman

– Mr. Ahmed bin Ali Ahmed Al-Shidawi – Member

– Mr. Omar bin Abdul Aziz Hammad Al-Bilhaid – Member

-Mr. Loutfi Qassem Ahmed Shehadeh – Member

Fourth: Appointing Engineer / Al-Walid bin Abdul Razzaq Al-Duraiaan – Managing Director of the Board of Directors.

Fifthly: Appointing the below mentioned gentlemen as representatives of the company for all purposes related to the application of laws and regulations at the Capital Market Authority, the Saudi Stock Exchange Company (Tadawul), and the Securities Depository Center Company (Edaa):

– Engineer / Al-Walid Bin Abdul Razzaq Al-Duraiaan

– Mr. Abdul Malik bin Abdul Rahman Al Sheikh –

Sixth: Appointing Professor / Adel Amin Othman – Secretary of the Board of Directors.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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