Hedab Alkhaleej Trading Co. Announces a Change in Board of Directors’ Positions, the Resignation of a Nomination and Remuneration Committee Member, and the Appointment of a Replacement Member

- Amending the position of Mr. Nayef Brahim Al-Rashed Al-Humaid (Non-Executive Member) to Chairman of the Board of Directors, effective from 09/04/1447H corresponding to 01/10/2025G, until the end of the current Board term.

- Amending the position of Mr. Nasser Abdullah Saleh Al-Humaid (Executive Member) to Vice Chairman of the Board of Directors, effective from 09/04/1447H corresponding to 01/10/2025G, until the end of the current Board term.

This adjustment in the Board positions comes after an internal review and an evaluation of the requirements of the upcoming phase and the Company’s future plans.

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, on 09/03/1447H corresponding to 01/09/2025G, approved the resignation of Mr. Nasser bin Abdullah Saleh Al-Humaid from his membership in the Committee, effective from 08/04/1447H corresponding to 30/09/2025G, due to his transition to an “Executive Member” and thus losing the eligibility criteria for Committee membership. The Board expressed its gratitude and appreciation to Mr. Nasser bin Abdullah Saleh Al-Humaid for his valuable efforts and contributions during his tenure as a Committee member and wished him continued success in his future responsibilities.

Furthermore, in the same meeting, the Board approved the appointment of Mr. Nayef Brahim Al-Rashed Al-Humaid (a member from within the Board) as a member of the Nomination and Remuneration Committee, effective from 09/04/1447H corresponding to 01/10/2025G, to complete the remaining statutory term of the current Committee cycle.