Banque Saudi Fransi announced the appointment of Mr. Abdulaziz Al Gudaimi as Independent Member of the Board of Directors, effective January 31, 2023 for the vacant position in the Board to continue the term that will end on December 31, 2024. Mr. Abdulaziz has over 35 years' of experience, through which he served in several leadership positions in addition to serving as a board member of multiple companies' locally and internationally. The Board's approval will not be considered final till this appointment is submitted to the next meeting of the General Assembly for ratification.