Kingdom Holding Company announced the resignation of one of its directors, Mr. Sarmad Zok (an Executive Director) on 22/05/2022 based on his request. The resignation of the Resigning Director was accepted and became effective on 22/05/2022. The Company further announced the appointment of one new director, who is Mr. Abdulmajeed Ahmed Al-Hagbani (a Non-Executive Director) (the “Appointed Director”), pursuant to a resolution of the Company's board of directors dated 22/05/2022 to replace the Resigning Director pursuant to Article (19) of the Company's bylaws.

The start date of the Appointed Director's membership is 21/10/1443H. (corresponding to 22/05/2022G) and expires with the expiration of the Resigning Director's remaining term being 27/11/1445H. (corresponding to 04/06/2024G).

The Company's board of directors approval of the Appointed Director is not final and is subject to ratification by the Company's general assembly in its next meeting.