Ratio Speciality Company for Trading Announces Appointment of members to the Board of Directors and a member of the Audit Committee

Ratio Specialty Company Trading appointed Mohammed Abdul Rab Al-Rasoul Al-Kharas and Abdulaziz Salah Al-Arfaj to its Board of Directors to fill vacancies following the resignations of Fares Ibrahim Al-Rashed Al-Humaid and Ahmed Abdullah Al-Thani.
Mr. Al-Kharas was also appointed to the Audit Committee, effective May 31, 2026, replacing Abdullah Khalid Al-Shuaibi, who resigned from the committee on May 30, 2026.
The board appointments are effective May 31, 2026, for Mr. Al-Kharas and June 10, 2026, for Mr. Al-Arfaj, with terms running until the end of the current board session on March 10, 2028.
These appointments are subject to formal approval by the company's General Assembly at its next meeting.

Element List	Explanation
Introduction	Ratio Specialty Company Trading announces that its Board of Directors approved, on May 31, 2026, the resignation of Mr. Abdullah Khalid Al-Shuaibi (Acting Chairman of the Board) from his membership on the Audit Committee, effective May 30, 2026. The Board of Directors also issued a resolution on May 31, 2026, appointing: Mr. Mohammed Abdul Rab Al-Rasoul Al-Kharas is a member of the Board of Directors and a member of the Audit Committee. This appointment fills the vacancy on the Board resulting from the resignation of Mr. Fares Ibrahim Al-Rashed Al-Humaid (Chairman of the Board), which was previously disclosed on the Tadawul website on May 21, 2026, and the vacancy on the Audit Committee resulting from the resignation of Mr. Abdullah Khalid Al-Shuaibi, effective May 30, 2026. Mr. Abdulaziz Salah Al-Arfaj has been appointed to the Board of Directors to fill the vacancy created by the resignation of Mr. Ahmed Abdullah Al-Thani, which was previously disclosed on the Tadawul website on May 31, 2026. His appointment is effective from the date of the resignation, June 10, 2026. This appointment was made based on the recommendation of the Remuneration and Nominations Committee and is effective from the date of its appointment until the end of the current Board term on March 10, 2028. This appointment will be presented to the company's General Assembly for approval at its next meeting, and all related regulatory procedures will be completed.

Element List

Explanation

Introduction

Ratio Specialty Company Trading announces that its Board of Directors approved, on May 31, 2026, the resignation of Mr. Abdullah Khalid Al-Shuaibi (Acting Chairman of the Board) from his membership on the Audit Committee, effective May 30, 2026.

The Board of Directors also issued a resolution on May 31, 2026, appointing:

Mr. Mohammed Abdul Rab Al-Rasoul Al-Kharas is a member of the Board of Directors and a member of the Audit Committee. This appointment fills the vacancy on the Board resulting from the resignation of Mr. Fares Ibrahim Al-Rashed Al-Humaid (Chairman of the Board), which was previously disclosed on the Tadawul website on May 21, 2026, and the vacancy on the Audit Committee resulting from the resignation of Mr. Abdullah Khalid Al-Shuaibi, effective May 30, 2026.

Mr. Abdulaziz Salah Al-Arfaj has been appointed to the Board of Directors to fill the vacancy created by the resignation of Mr. Ahmed Abdullah Al-Thani, which was previously disclosed on the Tadawul website on May 31, 2026. His appointment is effective from the date of the resignation, June 10, 2026.

This appointment was made based on the recommendation of the Remuneration and Nominations Committee and is effective from the date of its appointment until the end of the current Board term on March 10, 2028. This appointment will be presented to the company's General Assembly for approval at its next meeting, and all related regulatory procedures will be completed.

Element List	Explanation
Appointed Member Name	Muhammad Abd Rab Al-Rasoul Al-Khars
Membership Type	Independent
Membership Start Date	2026-05-31 Corresponding to 1447-12-14
Brief Resume of the Appointed Member	Mr. Mohammed Al-Kharas has extensive experience in the fields of investment, real estate development, and banking services. He has held a number of leadership and executive positions and board memberships. He also has experience in strategic planning and investment, and holds a Master of Business Administration degree and a Bachelor of Financial Management degree.
The date of the approval by other official authorities	non applicable

Element List	Explanation
Appointed Member Name	Abdulaziz Salah Al-Arfaj
Membership Type	Non- Executive
Membership Start Date	2026-06-10 Corresponding to 1447-12-24
Brief Resume of the Appointed Member	Mr. Abdulaziz Al-Arfaj has leadership and executive experience in the fields of project management and strategic development. He has held a number of leadership positions in the public and private sectors. He is also a member of the Board of Directors of Nataj Food Industrial Company as Vice Chairman of the Board of Directors. He holds a Bachelor’s degree in Mechanical Engineering and several specialized professional certificates.
The date of the approval by other official authorities	non applicable

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-05-31 Corresponding to 1447-12-14
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval