Element List	Explanation
Introduction	Molan Steel Company announces its Board of Directors’ resolution issued during its meeting held on 28-04-2026, approving the appointment of the Vice Chairman of the Board, Mr. Majed bin Ibrahim Al-Odhaibi, as Managing Director of the Company, and changing his membership status to Executive Member, effective as of 29-04-2026.

Element List	Explanation
Appointment Type	Appointment
Name of the Appointed Person	Majed Ibrahim Al-Odhaibi
Date of Board Resolution	2026-04-28 Corresponding to 1447-11-11
Date Work Commencement	2026-04-29 Corresponding to 1447-11-12
Brief Resume	Mr. Majed Ibrahim Al-Odhaibi has over eighteen years of experience spanning investment management, business administration, and contracting, with a career that has encompassed both the investment and operational sectors. He has held several leadership positions, including Managing Director of Ibrahim Al-Odhaibi Sons Contracting Company, Acting Manager of Siyada Al Ammar Company, and Chairman of the Board of Directors of Dar Al Takamol Holding Company. He currently serves on the boards of several entities. His academic background, represented by a Bachelor's degree in Business Administration, has reinforced his management and investment acumen.