The Board of Directors of Polyplex Corporation Limited, at its meeting held 9 November 2023, has considered and approved appointment of Mr. Iyad Malas (DIN: 10381216) as an additional (non-executive, non-independent, non-promoter) director of the Company with immediate effect. Mr. Iyad Malas has been simultaneously appointed as a member of the audit committee, nomination and remuneration committee and corporate social responsibility committee of the Company with immediate effect. Further, the Board has approved seeking necessary approval of the shareholders of the Company pursuant to the provisions of Regulation 17(1C) of the Listing Regulations and other applicable provisions, for the appointment of Mr. Iyad Malas (DIN: 10381216) as the director of the Company, at the upcoming annual general meeting of the Company. Iyad Malas is a seasoned executive with over 30
years of experience in various senior roles, spanning many countries and industries, including real estate, retail, leisure & entertainment, financial services, and investments. He is involved in developing the future strategy for the Al Ghurair Group and has reorganized the Holding into an investment Holding Company with investments in Real Estate, packaging and metals industries, and financial investments. He is a board member of Mashreq Bank and National Cement Company. Iyad holds an MBA from George Washington University, Washington DC and a BA from the American University of Beirut.