Saudi Azm for Communication and Information Technology Co. Announces an update on The Formation of the Audit Committee and the Nomination and Remuneration Committee

Saudi Azm for Communication and Information Technology Co. appointed H.E. Mr. Ahmad bin Abdulaziz Al-Haqbani as an independent member of the Audit Committee and Chairman of the Nomination and Remuneration Committee, effective July 2, 2026.
Mr. Al-Haqbani’s term on the Audit Committee is scheduled to end upon the expiration of the current Board of Directors’ term on June 21, 2030.
The Nomination and Remuneration Committee now comprises Ahmad bin Abdulaziz Al-Haqbani (Chairman), Haitham Naeem Hannoun, Rawan Hisham Al-Sharhan, and Hamdi Bata.
The newly appointed member currently serves as the CEO of Simplified Financial Solutions Company and previously held roles as Governor of the General Authority of Customs and Deputy Minister of Commerce and Investment for Foreign Trade.

Element List	Explanation
Previous Announcement	The Formation of the Audit Committee and the Nomination and Remuneration Committee
Date of Previous Announcement on Saudi Exchange’s Website	2026-06-30 Corresponding to 1448-01-15
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Based on the resolution of the Board of Directors of Saudi Azm for Communication and Information Technology Co. issued on Thursday 02/02/1448H corresponding to 02/07/2026G, which states the following: First: Appointment of a new member to the Audit Committee for the new term, which ends upon the expiry of the Board of Directors’ term on 21/06/2030G: H.E. Mr. Ahmad bin Abdulaziz Al-Haqbani (Committee Member) – Independent Member. Membership Start Date: 02/07/2026G. Brief CV of the Appointed Member: H.E. Mr. Ahmad Abdulaziz Mohammed Al-Haqbani is an executive leader with extensive experience across the public and private sectors, including technology, fintech, foreign trade, customs, and exports. He has held several leadership positions, including Governor of the General Authority of Customs, Deputy Minister of Commerce and Investment for Foreign Trade, and Secretary General of the Saudi Export Development Authority. He has been serving as the Chief Executive Officer of Simplified Financial Solutions Company since 2021G. He holds a Bachelor’s degree in Information Systems from King Saud University and a Master of Business Administration from INSEAD, France. Second: Appointment of a new member to the Nomination and Remuneration Committee, so that the Committee’s composition after the addition shall be as follows: 1- H. E. Mr. Ahmad bin Abdulaziz Al-Haqbani (Chairman of the Committee) – Independent Member. 2- Mr. Haitham Naeem Hannoun (Committee Member). 3- Ms. Rawan Hisham Al-Sharhan (Committee Member). 4- Mr. Hamdi Bata (Committee Member).
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable.