The ordinary general assembly meeting of the National Shipping Company of Saudi Arabia held on January 15, 2023, in which the Members of the Board of Directors were elected for its new term of three years starting from January 16, 2023 to January 15, 2026. The company announced the decision of the Board of Directors at its meeting held on January 25, 2023, as follows: First: Appointing of Mr. Mohammed Abdulaziz Alsarhan as Chairman of The Board of Directors. Second: Approve the appointing of Mr. Fahad Abduljalil Al Saif as Vice Chairman of the Board of Directors.

Third: Approve the formation of the Executive Committee members as follows: Mr. Mohammed Abdulaziz Alsarhan as Chairman; Mr. Fahad Abduljalil Al Saif, Eng. Ahmed Ali Alsubaey, Mr. Raid Abdullah Ismail and Mr. Saeed Abdullatif Al Hadrami as members. Fourth: Approve the formation of the Committee Audit Committee: Dr. Abdulmalik Abdullah Alhogail as Chairman; Mr. Saleh Abdullah Al Dabbasi, Mr. Mohammed Khalifa Almulhem, Mr. .Mohammed Ibrahim Alarifi (not from the Board) as members.

Fifth: Approve the formation of the Nominations and Remuneration Committee members as follows: Mr. Jesper Kjaedegaard as Chairman; Mr. Mohammed Abdulaziz Alsarhan, Mr. Saleh Abdullah Al Dabbasi and Mr. Raid Abdullah Ismail as Members.