Academy of Learning Company announces the formation of the audit committee

Element List	Explanation
Introduction	Academy of Learning Company announces the Board of Directors’ resolution to form the Audit Committee for the new Board term, which commenced on 16 June 2026 and will continue for a period of four years, ending on 15 June 2030, as follows: 1-Mr. Hamud Saud Alharbi Chairman of the Audit Committee (Independent Member from Outside the Board of Directors) 2-Mr. Sadoon Khalid Alkhaldi Independent Board Member 3-Mr. Saad Abdulrahman Aljammaz (Independent Member from Outside the Board of Directors)

Element List

Explanation

Introduction

Academy of Learning Company announces the Board of Directors’ resolution to form the Audit Committee for the new Board term, which commenced on 16 June 2026 and will continue for a period of four years, ending on 15 June 2030, as follows:

1-Mr. Hamud Saud Alharbi Chairman of the Audit Committee (Independent Member from Outside the Board of Directors)

2-Mr. Sadoon Khalid Alkhaldi Independent Board Member

3-Mr. Saad Abdulrahman Aljammaz (Independent Member from Outside the Board of Directors)

Element List	Explanation
Appointed Member Name	Mr. Humoud bin Saud Al-Harbi
Membership Start Date	2026-06-16 Corresponding to 1448-01-01
Brief Resume of the Appointed Member	Mr. Hamud Saud Alharbi possesses more than fifteen years of experience in corporate governance and business affairs. He is also a specialized legal consultant and serves as a member of several boards of directors and committees of joint-stock companies. He holds a Master’s degree in Commercial Law.
The date of the approval by other official authorities	Not Applicable

Element List	Explanation
Appointed Member Name	Sadoon Khalid Alkhaldi
Membership Start Date	2026-06-16 Corresponding to 1448-01-01
Brief Resume of the Appointed Member	Mr. Sadoon Khalid Alkhaldi possesses more than twenty years of experience across the industrial, healthcare, and investment sectors in both the public and private sectors. He also serves as a member of several boards of directors and holds a bachelor’s degree in business administration.
The date of the approval by other official authorities	Not Applicable

Element List	Explanation
Appointed Member Name	Saad Abdulrahman Aljammaz
Membership Start Date	2026-06-16 Corresponding to 1448-01-01
Brief Resume of the Appointed Member	Mr. Saad Abdulrahman Aljammaz possesses more than five years of experience in financial analysis and accounting, in addition to his expertise in accounting and regulatory matters related to the financial sector. He has also served as a member of audit committees and holds a bachelor’s degree in financial management.
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	2026-06-16 Corresponding to 1448-01-01