Red Sea International Company announced the formation of the Audit Committee for the new term starting on May 10, 2024, and ending on May 9, 2027, based on Board of Directors resolution. Mr. Mohammed Zahir Al -Munajjed: Mr. Mohammed Zahir is a member of multiple committees, including the Executive Committee, Audit Committee, Nominating Committee, and Risk Committee, within several prominent organizations such as Kanadasa Water Services, Al Khaleejia General Insurance, Red Sea International, Ajeel Finance, and Omako Company. Mr. Al-Munajjed holds a master's degree in business administration from Harvard University (1982) and a bachelor's degree in law and business administration from the American University of Beirut (1977).

Mr. Sami bin Ahmed bin Mahfouz - Mr. Sami is the Chairman of the Board of Directors at First Fix company. He served as the Chief Risk Officer and held various managerial and executive positions at Al Ahli Bank for 25 years. In addition to his experience at Al Ahli Bank, he also spent 15 years in multiple roles at Rawasi Solutions for Financial Consulting.

His academic credentials include a Bachelor's degree in Business Administration from Ohio State University (1980) and a certificate program in Executive Development from Darden School of Business, University of Virginia, completed in 2001. Mr. Mohammed Husni Jazeel - Member - Mr. Mohammed Prior to his current position as Chief Operating Officer since 2021, Mr. Jazeel served as Financial Manager at Al-Dabbagh Holding Group for 22 years, from 1999 to 2021. He has also served as a Director at Agricultural Development Company Limited from 1997 to 1999.

In addition to his leadership roles, Mr. Jazeel is an active member of various corporate committees, including the Audit Committee at Saeed Company, Petrolube Oils, and Petromin, as well as the Audit Committee, Nominating and Remuneration Committee at Food Development Company, and the Risk Management Committee at Al Khaleejia General Insurance. Mr. Jazeel holds a bachelor's degree in accounting, obtained in 1992 from the Association of Chartered Certified Accountants (ACCA). D/Mazen Hassounah - Member - Dr. Hassounah has over 37 years of experience in engineering, planning, corporate advisory, investment banking, asset management and financial services in various academic and non-academic positions in Saudi Arabia, Canada and the UK.

Prior to his current position, he held the position of CEO & Managing Director of Rana Investment Company during the period from 2000 to 2008, and the position of Deputy CEO during the period from 1995 to 2000. Dr. Mazen holds bachelor's degree in civil engineering from the University of Petroleum & Minerals in Dhahran, KSA (1982), and a Masters (1988) and PhD. (1992) in Planning from the University of Toronto, Canada.