| Element List | Explanation |
|---|---|
| Introduction | Arabica Star Company announces the Board of Directors’ resolution issued on 30/03/1447H (corresponding to 22/09/2025G) to form the Audit Committee for the current Board term, which began on 22/09/2025G and will end on 21/09/2029G, as follows: 1-Mr. Mohammed Abdullah Hamad Al-Arfaj – Committee Chairman (Independent Member from within the Board) 2-Mr. Turki Hudaiban Mohammed Al-Ofi – Committee Member (Non-Board Member) 3-Mr. Alaa Naji Mahmoud Fayed – Committee Member (Non-Board Member) |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mohammed Abdullah Hamad Al-Arfaj |
| Membership Start Date | 2025-09-22 Corresponding to 1447-03-30 |
| Brief Resume of the Appointed Member | Mohammed Al-Arfaj serves as Vice President at Monq Investment and brings over 15 years of professional experience in governance, transparency, and risk management. He has worked closely with boards of directors to develop governance policies and strengthen oversight and has supervised financial auditing and compliance for several Saudi companies. He also possesses advanced expertise in internal auditing and investment management, making him well qualified to lead the Audit Committee of a listed joint-stock company. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Turki Hudaiban Mohammed Al-Oufi |
| Membership Start Date | 2025-09-22 Corresponding to 1447-03-30 |
| Brief Resume of the Appointed Member | A certified public accountant and financial expert with leadership experience in various fields, including governance, risk management, internal auditing, and financial consulting. He holds a master's degree in financial accounting and is a member of the Saudi Organization for Certified Public Accountants (SOCPA). He is a partner at CLA Saudi Arabia and serves on several professional and advisory committees. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Alaa Naji Mahmoud Fayed |
| Membership Start Date | 2025-09-22 Corresponding to 1447-03-30 |
| Brief Resume of the Appointed Member | A seasoned Executive in Finance and Strategy with over 20 years of experience in accounting, auditing, financial management, and institutional asset management. He possesses strong capabilities in delivering impactful advisory services and driving financial excellence across both the public and private sectors. He has deep expertise in International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), and privatization projects, with a proven track record in successfully executing major projects. |
| 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 | 2025-09-22 Corresponding to 1447-03-30 |
