Introduction: Mulkia Investment Company announces the Board of Directors’ decision approving the appointment of Mr. Nasser bin Abdullah Al-Awfi as Chairman of the Audit & Risks Committee (an independent member from outside the Board) to succeed the resigned member Mr. Ahmed bin Muhammad Al-Jughaiman to complete the remainder of the committee’s term, which ends on March 10. 2025 AD.

Name of the designated member: Mr. Nasser Abdullah Al-Awfi

Membership start date: 23-07-2024

A brief of the appointed member: He holds a master’s degree in accounting and business administration from Southern New Hampshire University – USA, and a bachelor’s degree in accounting from King Saud University.

He also has more than 35 years of experience in the financial and accounting sector. He has served as chairman and member of the audit committees of many joint-stock companies and still holds a number of board of directors and audit committee memberships in several companies.

Date of no objection from: N/A

The date of the Board of Directors meeting at which the member/s were appointed: 23-07-2024