Tourism Enterprise Co. (Shams) Announces the appointment of the Chairman of the Board, the Vice Chairman, and the Managing Director, and the formation of committees.

Tourism Enterprise Company (Shams) appointed Mr. Nasser bin Khalaf Al-Barrak as Chairman and Mr. Majid bin Nawar Al Otaibi as Vice Chairman and Managing Director for a four-year term beginning July 17, 2026.
The Board formed the Nominations and Remuneration Committee, chaired by Mr. Khalid bin Muhammad Al-Qazlan, and the Development and Investment Committee, chaired by Mr. Majid bin Nawar Al Otaibi.
An Audit Committee was established on July 17, 2026, with specific member details to be released in a separate announcement.
The Board appointed a Secretary and designated company representatives to the Capital Market Authority (CMA), the Saudi Stock Exchange (Tadawul), and the Securities Depository Center (Edaa).

Element List	Explanation
Announcement Detail	Tourism Enterprise Company (Shams) announces that the Board of Directors elected by the Ordinary General Assembly held on 07/16/2026 AD for the new session that began on 07/17/2026 AD and for a period of four calendar years ending on 07/16/2030 AD, decided on Friday, 07/17/2026 AD, the following: 1. Appointment of Mr. Nasser bin Khalaf Al-Barrak - Chairman of the Board of Directors. 2. Appointment of Mr. Majid bin Nawar Al Otaibi - Vice Chairman of the Board of Directors and Managing Director. 3. The formation of the audit committee is as follows: The audit committee was formed by a decision of the Board of Directors dated 07/17/2026 and will be announced in accordance with the instructions for announcements of listed companies in a separate announcement. 4. Formation of the Nominations and Remuneration Committee, as follows: Mr. Khalid bin Muhammad Al-Qazlan - Chairman of the Committee. Mr. Nasser bin Khalaf Al-Barrak - Member. Dr. Sarah bint Fahd Al-Subaie - Member. Mr. Muhammad bin Saleh Al-Mazyad - Member from outside the Council. 5. Formation of the Development and Investment Committee as follows: Mr. Majid bin Nawar Al Otaibi - Chairman of the Committee. Mr. Nasser bin Khalaf Al-Barrak - Member. Mr. Faris bin Abdul Rahman Al Faris - Member. 6. Appointing the Secretary of the Board of Directors, in addition to appointing the company’s representatives for all purposes related to implementing the rules and regulations of the Capital Market Authority, the Saudi Stock Exchange (Tadawul) and the Securities Depository Center Company (Edaa). It should be noted that these decisions are effective from the beginning of the new session of the Board of Directors on 07/17/2026 AD, for a period of four years and ending on 07/16/2030 AD.

Element List

Explanation

Announcement Detail

Tourism Enterprise Company (Shams) announces that the Board of Directors elected by the Ordinary General Assembly held on 07/16/2026 AD for the new session that began on 07/17/2026 AD and for a period of four calendar years ending on 07/16/2030 AD, decided on Friday, 07/17/2026 AD, the following:

1. Appointment of Mr. Nasser bin Khalaf Al-Barrak - Chairman of the Board of Directors.

2. Appointment of Mr. Majid bin Nawar Al Otaibi - Vice Chairman of the Board of Directors and Managing Director.

3. The formation of the audit committee is as follows:

The audit committee was formed by a decision of the Board of Directors dated 07/17/2026 and will be announced in accordance with the instructions for announcements of listed companies in a separate announcement.

4. Formation of the Nominations and Remuneration Committee, as follows:

Mr. Khalid bin Muhammad Al-Qazlan - Chairman of the Committee.

Mr. Nasser bin Khalaf Al-Barrak - Member.

Dr. Sarah bint Fahd Al-Subaie - Member.

Mr. Muhammad bin Saleh Al-Mazyad - Member from outside the Council.

5. Formation of the Development and Investment Committee as follows:

Mr. Majid bin Nawar Al Otaibi - Chairman of the Committee.

Mr. Nasser bin Khalaf Al-Barrak - Member.

Mr. Faris bin Abdul Rahman Al Faris - Member.

6. Appointing the Secretary of the Board of Directors, in addition to appointing the company’s representatives for all purposes related to implementing the rules and regulations of the Capital Market Authority, the Saudi Stock Exchange (Tadawul) and the Securities Depository Center Company (Edaa).

It should be noted that these decisions are effective from the beginning of the new session of the Board of Directors on 07/17/2026 AD, for a period of four years and ending on 07/16/2030 AD.