| Element List | Explanation |
|---|---|
| Introduction | CWA Power Company (“ Acwa”) announces the resignation of its Board member, Mr. Khaled Saleh Alkhattaf (Independent Director), from his membership on the Board of Directors. The Company’s Board of Directors has resolved via circulation to appoint HH. Sultan bin Khalid bin Faisal Al Saud as an independent member of the Board of Directors to complete the current term, which ends on January 4, 2029.” The Board of Directors extends its sincere thanks and appreciation to Mr. Khaled Saleh Alkhattaf for his efforts and valuable contributions to the Company during his tenure on the Board and wishes him continued success. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mr. Khaled Saleh Alkhattaf |
| Membership Type | Independent |
| Resignation Submission Date | 2026-03-26 Corresponding to 1447-10-07 |
| Resignation Effective Date | 2026-03-26 Corresponding to 1447-10-07 |
| Membership Starting Date for the Resigned Member | 2025-01-05 Corresponding to 1446-07-05 |
| Reasons of Resignation | To pursue other commitments. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | HH. Sultan bin Khalid bin Faisal Al Saud |
| Membership Type | Independent |
| Membership Start Date | 2026-03-26 Corresponding to 1447-10-07 |
| Brief Resume of the Appointed Member | His Highness Prince Sultan bin Khalid bin Faisal Al Saud serves as the Chief Executive Officer of the Saudi Industrial Development Fund. Prior to this role, he served as Senior Vice President and Executive Vice President for Credit at the Saudi Industrial Development Fund. His Highness is also a member of several boards of directors, including the Prince Mohammed bin Salman Foundation (MiSK), the General Authority for Small and Medium Enterprises (Monsha’at), SIDF Investment Company, and Riyadh Re for Reinsurance. He also serves as a member of several committees. Prince Sultan bin Khalid began his professional career at Saudi Aramco. He holds a Master of Business Administration from Stanford University and a Bachelor’s degree in Petroleum Engineering from Texas Tech University. |
| 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 | 2026-03-26 Corresponding to 1447-10-07 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
