Saudi Advanced Industries Company held its Ordinary General Assembly meeting on May 31, 2022. At the meeting, the company announces the decision of the Board of Directors at its first meeting of the new board which includes the appointment and the formation of committees, as follows: Dr. Abdullah Suliman AlJuraish as Chairman of the Board of Directors, Mr. Abdullah Mohammed AlHomaidi as Vice Chairman, and Mr. Musa Abdullah AlRuwaili as Managing Director. The Nomination and Remuneration Committee shall be formed from the following members: Mr. Abdulrhman Nasser AlObaid as Chairman of the Committee and Dr. Abdullah Suliman AlJuraish, Mr. Abdullah Mohammed AlHomaidi as Members.

Formation of the Investment Management Committee, from the following members: Mr. Musa Abdullah AlRuwaili as Chairman of the Committee, Mr. Abdullah Mohammed AlHomaidi as Member, and Mr. Mohammed Abduleziz Alshetwey as Member Executive. Formation of the Audit Committee, from the following members, to be presented to the nearest general assembly for approval: Mr. Abdullah Mohammed AlHomaidi as Chairman of the Committee and Mr. Ammar Abdulrahim Qadi, Mr. Faisel Sultan Alsube as Member out of BOD.