Announcement by Modern Mills Company regarding the end of the Acting Chief Executive Officer's assignment and the appointment of a new Chief Executive Officer

Element List	Explanation
Introduction	With reference to Modern Mills Company’s announcement published on the Saudi Exchange (Tadawul) website on 23/02/2026G, corresponding to 06/09/1447H, which included the assignment of Mr. Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, Modern Mills Company announces the Board of Directors’ resolution dated 20/06/2026G to end the assignment of Mr. Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, effective Wednseday, 01/07/2026G, while he shall continue to perform his original duties as Vice President - Feed Business. The Company also announces the appointment of Mr. Majed Mazen Nofal as Chief Executive Officer of the Company. The Board of Directors of the Company extends its thanks and appreciation to Mr. Ahmad Hijazi for his efforts during his tenure as CEO until handing over management to the new appointed CEO.

Element List

Explanation

Introduction

With reference to Modern Mills Company’s announcement published on the Saudi Exchange (Tadawul) website on 23/02/2026G, corresponding to 06/09/1447H, which included the assignment of Mr. Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, Modern Mills Company announces the Board of Directors’ resolution dated 20/06/2026G to end the assignment of Mr. Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, effective Wednseday, 01/07/2026G, while he shall continue to perform his original duties as Vice President - Feed Business. The Company also announces the appointment of Mr. Majed Mazen Nofal as Chief Executive Officer of the Company.

The Board of Directors of the Company extends its thanks and appreciation to Mr. Ahmad Hijazi for his efforts during his tenure as CEO until handing over management to the new appointed CEO.

Element List	Explanation
Name of the Resigned Person	Ahmad Abdulkareem Hijazi
Resignation Acceptance Date	2026-07-01 Corresponding to 1448-01-16
Resignation Effective Date	2026-07-01 Corresponding to 1448-01-16
Reasons for Resignation	End of his assignment as Acting Chief Executive Officer

Element List	Explanation
Appointment Type	Appointment
Name of the Appointed Person	Majed Mazen Nofal
Date of Board Resolution	2026-06-20 Corresponding to 1448-01-05
Date Work Commencement	2026-07-01 Corresponding to 1448-01-16
Brief Resume	Mr. Majed Nofal holds CEO and board leadership positions across organizations with 25+ years of experience in food production, FMCG, and industrial manufacturing in Saudi Arabia and the Middle East. Track record in business transformation and performance turnaround, greenfield ventures, M&A integration, and large-scale procurement and supply-chain optimization. Led enterprise strategy and productivity programs, SAP-enabled digital transformation, and operating-model redesign, delivering measurable growth and margin improvement. Mr. Majed Nofal holds a degree from King Saud University - College of Business Administration (Accounting), obtained in 1992G, and a certificate from the International Institute for Management Development and Strategic Leadership Development Program. And also Mr. Majed Nofal holds a certificate from INSEAD - International Finance Program.