| Element List | Explanation |
|---|---|
| Introduction | Sport Clubs Company Announces that its board of directors accepted of the resignation of Board Member Mr. Yasser Ali Al Hedaithy (Non-Executive Member) who submitted his resignation on 03/11/2025 G Corresponding to 12/05/1447 H, due to personal reasons. The Board of Directors extends its sincere thanks and appreciation to Mr. Yasser Ali Al Hedaithy for his efforts during his membership in the Board of Directors, wishing him all the success. The Board of Directors of Sport Clubs Company has also decided to appoint Mr. Mahmoud Baban (Non-Executive Member) in the Board of Directors to complete the current term, which ends on 25/09/2027 G Corresponding to 24/04/1449 H. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Yasser Ali Al Hedaithy |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2025-11-03 Corresponding to 1447-05-12 |
| Resignation Effective Date | 2025-11-03 Corresponding to 1447-05-12 |
| Membership Starting Date for the Resigned Member | 2025-02-13 Corresponding to 1446-08-14 |
| Reasons of Resignation | Personal Reasons. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mahmoud Emad Baban |
| Membership Type | Non- Executive |
| Membership Start Date | 2025-11-03 Corresponding to 1447-05-12 |
| Brief Resume of the Appointed Member | Mr. Mahmoud Baban holds a B.A. in International Relations and Business from Boston University and an MBA from London Business School. He currently serves as Head of Private Equity at MEFIC Capital and as a Board Member at Solidere International and the Saudi Film Fund (Riviera Content). Mr. Baban has extensive experience in leading and executing Greenfield and M&A transactions across multiple sectors, and has served on various investment committees and boards of portfolio companies. His previous roles include Executive Director Investments at Dussur (Saudi Industrial Investment Company) and M&A Manager at Ernst & Young (EY). |
| 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 | 2025-11-03 Corresponding to 1447-05-12 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
