Watani Iron Steel Co. Announces the formation of the Audit Committee members

Element List	Explanation
Introduction	Watani Iron and Steel Company announces the decision of its Board of Directors dated September 29, 2024 AD, based on the recommendation of the Remuneration and Nominations Committee, to approve the appointment of Mr. Omar Mohammed Abdul Rahman Al-Turaif as a member of the Audit Committee (non-executive Board Member) instead of the resigned Board Member and Chairman of the Audit Committee, Mr. Yasser Zoman Saad Al-Zoman.

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Explanation

Introduction

Watani Iron and Steel Company announces the decision of its Board of Directors dated September 29, 2024 AD, based on the recommendation of the Remuneration and Nominations Committee, to approve the appointment of Mr. Omar Mohammed Abdul Rahman Al-Turaif as a member of the Audit Committee (non-executive Board Member) instead of the resigned Board Member and Chairman of the Audit Committee, Mr. Yasser Zoman Saad Al-Zoman.

Element List	Explanation
Appointed Member Name	Faisal Muhammad Hammad Al-Ubaid
Membership Start Date	2026-07-02 Corresponding to 1448-01-17
Brief Resume of the Appointed Member	Mr. Faisal Al-Ubaid has more than 15 years of experience in the fields of finance, investment, risk management and governance. He holds a Bachelor’s degree in Accounting and a Master’s degree in Business Administration, in addition to being a fellow of the Saudi Organization for Certified Public Accountants (SOCPA). He has held various positions in the field of investment and financial management and is currently the Executive Vice President of Investment, Strategy and Excellence at the Saudi Public Transport Company (SAPTCO).
The date of the approval by other official authorities	N/A

Element List	Explanation
Appointed Member Name	Mashari Abdulkarim Al-Rajhi
Membership Start Date	2026-07-02 Corresponding to 1448-01-17
Brief Resume of the Appointed Member	• Senior Relations Officer at Al Rajhi Bank since 2024 • Bachelor of Science in Global Business Administration from Regent's University London, 2024 • High School Diploma from Brilliantmont Lausanne, Switzerland, 2014 • Vice Chairman of the Board of Directors at Abdul Karim Al Rajhi Steel Company since 2022
The date of the approval by other official authorities	N/A

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Appointed Member Name	Omar Mohammed Abdul Rahman Al-Tarif
Membership Start Date	2026-07-02 Corresponding to 1448-01-17
Brief Resume of the Appointed Member	He holds a bachelor's degree in accounting from King Faisal University and has completed numerous courses and training programs with the Saudi Organization for Certified Public Accountants. He possesses over 20 years of experience in executive management and in providing administrative and financial consulting.
The date of the approval by other official authorities	N/A

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-07-02 Corresponding to 1448-01-17