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Element List	Explanation
Introduction	Bawan Company announces that its CEO, Mr. Mohammed Ahmed Al-Balawi, has expressed his desire not to renew his employment contract with the company, which ends on 09/12/2025. The Board of Directors expressed its sincere gratitude and appreciation to Mr. Mohammed Ahmed Al-Balawi for his efforts that contributed to the success and growth of the company's business during the past period, wishing him continued success and prosperity in his future professional endeavours. Alos, the Board of Directors decided to delegate Mr. Ziyad Abdullatif Al-Barak, (the company's CFO), the role of (Acting CEO) effective from 10/12/2025.

Element List

Explanation

Introduction

Bawan Company announces that its CEO, Mr. Mohammed Ahmed Al-Balawi, has expressed his desire not to renew his employment contract with the company, which ends on 09/12/2025.

The Board of Directors expressed its sincere gratitude and appreciation to Mr. Mohammed Ahmed Al-Balawi for his efforts that contributed to the success and growth of the company's business during the past period, wishing him continued success and prosperity in his future professional endeavours.

Alos, the Board of Directors decided to delegate Mr. Ziyad Abdullatif Al-Barak, (the company's CFO), the role of (Acting CEO) effective from 10/12/2025.

Element List	Explanation
Name of the Resigned Person	Mr. Mohammed Ahmed Suleiman Al Balawi
Resignation Acceptance Date	2025-09-30 Corresponding to 1447-04-08
Resignation Effective Date	2025-12-10 Corresponding to 1447-06-19
Reasons for Resignation	Based on his desire not to renew his contract with the company due to personal reasons.

Element List	Explanation
Appointment Type	Delegation
Name of the Appointed Person	Mr. Ziad Abdul Latif Al Barak
Date of Board Resolution	2025-09-30 Corresponding to 1447-04-08
Date Work Commencement	2025-12-10 Corresponding to 1447-06-19
Brief Resume	Mr. Ziyad Abdullatif Al-Barrak has over 23 years of professional experience in the financial, administrative, strategic, industrial, and commercial fields. He has worked at the Saudi Industrial Development Fund as a credit advisor and has held several prominent leadership positions, including CFO of Methanol Chemicals Company (Chemanol), CEO of Jubail Energy Services Company (JESCO), and Managing Director of Profert Saudi Arabia. He also has experience in consulting and non-executive roles in joint-stock companies and investment entities. He holds a Bachelor's degree in Finance and Economics from King Fahd University of Petroleum and Minerals and has completed advanced executive programs, including the Board Governance Diploma from the Institute of Directors (IoD) in London, and the High-Performance Leadership Program from the International Institute for Management Development (IMD) in Switzerland.

Bawan Company announcement regarding the CEO’s desire not to renew his employment contract with the company, and the Board of Directors decision to delegate the CFO the role of CEO.