Saudi Company for Hardware (SACO) Announces the Appointment of the Chairman and Vice Chairman of the Board of Directors, the Formation of the Board Committees, and the Appointment of the Company's Representatives before the Capital Market Authority and Saudi Tadawul Group

Element List	Explanation
Announcement Detail	With reference to the resolution of the Ordinary General Assembly meeting held on 17 June 2026, at which the members of the Board of Directors were elected for the new Board term commencing on 20 July 2026 for a period of three years ending on 19 July 2029, Saudi Company for Hardware (SACO) is pleased to announce that the Board of Directors, at its meeting held on 20 July 2026, resolved to appoint the Chairman and Vice Chairman of the Board, constitute the Board Committees, and appoint the Company's representatives before the Capital Market Authority (CMA), Saudi Tadawul Group, and the Securities Depository Center Company (Edaa), as follows: First: Appointment of Mr. Wael Jamjoom (Independent) as Chairman of the Board of Directors. Second: Appointment of Mr. Rehab Bakhsh (Non-Executive) as Vice Chairman of the Board of Directors. Third: Formation of the Nomination and Remuneration Committee as follows: 1- Eng. Thamer Temairik (Independent) – Chairman. 2- Eng. Waabel Yahya Jamjoom (Non-Board Member) – Member. 3- Mr. Ayman Al-Tawil (Non-Board Member) – Member. 4- Mr. Khalid Sandi (Non-Board Member) – Member. 5- Mr. Hani Zahran (Non-Board Member) – Member. Fourth: Formation of the Investment Committee as follows: 1- Ms. Nouf Al-Rakan (Non-Board Member) – Chairperson. 2- Mr. Wael Jamjoom (Independent) – Member. 3- Mr. Youssef Hamaid Al-Din (Non-Board Member) – Member. 4- Ms. Asmaa Yamani (Non-Board Member) – Member. 5- Mr. Asaad Ammar Jamjoom (Non-Board Member) – Member. Fifth: Formation of the Executive Committee as follows: 1- Mr. Wael Jamjoom (Independent) – Chairman. 2- Dr. Tariq Enaya (Non-Board Member) – Member. 3- Mr. Atef Mufti (Independent) – Member. 4- Eng. Sakhr Jamjoom (Executive) – Member. Sixth: Formation of the Saudi Vision 2030 Alignment Committee as follows: 1- H.E. Dr. Mohammed bin Saleh Benten (Non-Board Member) – Chairman. 2- Mr. Hasan Abu Taleb (Non-Board Member) – Member. 3- Ms. Hiba Baydoun (Non-Board Member) – Member. 4- Mr. Youssef Humaid Al-Din (Non-Board Member) – Member. 5- Mr. Fouad Al-Tawil (Non-Board Member) – Member. Seventh: The Company's representatives before the Capital Market Authority (CMA), Saudi Tadawul Group, and the Securities Depository Center Company (Edaa) have been appointed for all purposes relating to the implementation of the Capital Market Law and its Implementing Regulations.

Element List

Explanation

Announcement Detail

With reference to the resolution of the Ordinary General Assembly meeting held on 17 June 2026, at which the members of the Board of Directors were elected for the new Board term commencing on 20 July 2026 for a period of three years ending on 19 July 2029,

Saudi Company for Hardware (SACO) is pleased to announce that the Board of Directors, at its meeting held on 20 July 2026, resolved to appoint the Chairman and Vice Chairman of the Board, constitute the Board Committees, and appoint the Company's representatives before the Capital Market Authority (CMA), Saudi Tadawul Group, and the Securities Depository Center Company (Edaa), as follows:

First: Appointment of Mr. Wael Jamjoom (Independent) as Chairman of the Board of Directors.

Second: Appointment of Mr. Rehab Bakhsh (Non-Executive) as Vice Chairman of the Board of Directors.

Third: Formation of the Nomination and Remuneration Committee as follows:

1- Eng. Thamer Temairik (Independent) – Chairman.

2- Eng. Waabel Yahya Jamjoom (Non-Board Member) – Member.

3- Mr. Ayman Al-Tawil (Non-Board Member) – Member.

4- Mr. Khalid Sandi (Non-Board Member) – Member.

5- Mr. Hani Zahran (Non-Board Member) – Member.

Fourth: Formation of the Investment Committee as follows:

1- Ms. Nouf Al-Rakan (Non-Board Member) – Chairperson.

2- Mr. Wael Jamjoom (Independent) – Member.

3- Mr. Youssef Hamaid Al-Din (Non-Board Member) – Member.

4- Ms. Asmaa Yamani (Non-Board Member) – Member.

5- Mr. Asaad Ammar Jamjoom (Non-Board Member) – Member.

Fifth: Formation of the Executive Committee as follows:

1- Mr. Wael Jamjoom (Independent) – Chairman.

2- Dr. Tariq Enaya (Non-Board Member) – Member.

3- Mr. Atef Mufti (Independent) – Member.

4- Eng. Sakhr Jamjoom (Executive) – Member.

Sixth: Formation of the Saudi Vision 2030 Alignment Committee as follows:

1- H.E. Dr. Mohammed bin Saleh Benten (Non-Board Member) – Chairman.

2- Mr. Hasan Abu Taleb (Non-Board Member) – Member.

3- Ms. Hiba Baydoun (Non-Board Member) – Member.

4- Mr. Youssef Humaid Al-Din (Non-Board Member) – Member.

5- Mr. Fouad Al-Tawil (Non-Board Member) – Member.

Seventh: The Company's representatives before the Capital Market Authority (CMA), Saudi Tadawul Group, and the Securities Depository Center Company (Edaa) have been appointed for all purposes relating to the implementation of the Capital Market Law and its Implementing Regulations.