The Savola Group announced the decision of its Board of Directors related to the appointment of the Chairman, Vice-Chairman and the formation of committees to be effective as 1st July,2022, as follows: First: The appointment of Mr. Sulaiman A. Al Muhaidib as the Chairman of the Board Mr. Bader A. Alissa as the Vice Chairman of the Board and Mr. Elnour Ali Saad as Board Secretary. Second: Formation of the Remuneration and Nomination Committee from the following members: Mr. Rakan A. Al Fadl as the Chairman of the Committee. Mr. Bader A. Al Issa as a member.

Mr. Ahmed Waza Al Qahtani as a member. Mr. Bader Hamad Al Rabiah as a member. Mr. Johan Brand as a member.

Formation of the Investment Committee from the following members: Eng. Mutaz Q. Alazawi as the Chairman of the Committee. Mr. Ahmed A. Al Humaidan as a member.

Mr. Mohammad I. Alissa as a member. Mr. Isam M. Al Muhaidib as a member. Mr. Waled A. Al Ghreri as a member.