Bawan Co. announced that the Board of Directors has issued a resolution during its meeting on March 30, 2022, approving the resignation of Audit Committee member Mr: Abdulmuti Abdulhadi, an independent external member, for personal reasons. At the same meeting, the Board approved the appointment of Dr. Abdullah bin Saghir Al-Hussaini, as a member of the Audit Committee (independent external member) starting from March 30, 2022 until the end of the current committee cycle on September 25, 2022, noting that this appointment shall be presented to the first General Assembly for approval.

Abdullah bin Saghir Al-Hussaini is Member of the Board of Directors, Member of the NRC, and Chairman of the Audit Committee at Allianz Insurance Company, Member of the Board of Directors, and Member of the Audit Committee of Deutsche Gulf Finance Company, Member of the Board of Directors, member of the Governance and Social Responsibility Committee, and Chairman of the Audit Committee at Al Khaleej Training and Education Company, Member of the Board of Directors, and Chairman of the Audit Committee at Al-Babtain Power and Telecom Company.