Almujtama Alraida Medical Co. announces the formation of the Audit Committee members

Element List	Explanation
Introduction	Almujtama Alraida Medical Co. announces the Board of Directors' decision to form the Audit Committee for the new Board term, which commenced on August 1, 2026, for a four-year period ending on July 31, 2030. The Audit Committee is composed of the following members: 1- Mr. Maher Abdullah Al-Madani – Chairman (from outside the Board). 2- Mr. Karim Bachite – Member (Independent). 3- Mr. Ahmed Ibrahim Qasim – Member (from outside the Board).

Element List

Explanation

Introduction

Almujtama Alraida Medical Co. announces the Board of Directors' decision to form the Audit Committee for the new Board term, which commenced on August 1, 2026, for a four-year period ending on July 31, 2030.

The Audit Committee is composed of the following members:

1- Mr. Maher Abdullah Al-Madani – Chairman (from outside the Board).

2- Mr. Karim Bachite – Member (Independent).

3- Mr. Ahmed Ibrahim Qasim – Member (from outside the Board).

Element List	Explanation
Appointed Member Name	Mr. Maher Abdullah Al-Madani
Membership Start Date	2026-08-01 Corresponding to 1448-02-18
Brief Resume of the Appointed Member	Mr. Maher Abdullah Al-Madani is a member of the Saudi Institute of Internal Auditors. He holds a Master’s degree in Business Administration from Alfaisal University and possesses several professional certifications in compliance, risk management, and capital markets, as well as an Internal Audit Leadership certification awarded by the Saudi Institute of Internal Auditors in collaboration with Harvard Business Publishing. He has over 20 years of professional experience in the banking and real estate development sectors, having held various executive and leadership roles in strategy, compliance, risk management, and business development. He currently serves as the Executive Advisor for Strategic Partnerships at Diara Investment and Real Estate Development Company.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Appointed Member Name	Mr. Karim Bachite
Membership Start Date	2026-08-01 Corresponding to 1448-02-18
Brief Resume of the Appointed Member	Mr. Karim Bachite holds a Master's degree in Supply Chain Operations Management from Troyes University of Technology, France. He has more than 25 years of professional experience in supply chain management, logistics, operations, and executive management. Throughout his career, he has held several leadership positions in local and international organizations across Saudi Arabia, Qatar, France, and the United Kingdom. He currently serves as a Board Member of Al Mujtama Alraida Medical Company and Beon IT. He also holds several executive and professional certifications, including a certificate in Digital Transformation from the Massachusetts Institute of Technology (MIT) and a certificate in Entrepreneurship in Developing Countries from Harvard University.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Appointed Member Name	Mr. Ahmed Ibrahim Qasim
Membership Start Date	2026-08-01 Corresponding to 1448-02-18
Brief Resume of the Appointed Member	Mr. Ahmed Qasim currently serves as Head of Finance at a company owned by a subsidiary of the Public Investment Fund. He possesses over 12 years of professional experience across the public, private, and banking sectors spanning financial planning, governance, internal control, and risk management and holds a Master’s degree in Finance.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-08-01 Corresponding to 1448-02-18