Al Yamamah Steel Industries Co. Announces the formation of the new board of directors and the Committees , the appointment of the Company's representatives , and Secretary of the Board

Al Yamamah Steel Industries Co. appointed its leadership and formed board committees for a new four-year term beginning June 26, 2026, and ending June 25, 2030.
Mr. Khalid Abdullah Alshami was appointed Chairman of the Board and Mr. Raed Ibrahim Almudaiheem was appointed Vice Chairman (both non-executive members).
The board formed the Audit Committee (chaired by Mr. Ahmed Ali Aldhabi), the Nomination and Remuneration Committee (chaired by Mr. Ahad Abdulaziz Awaidha), and the Executive Committee (chaired by Mr. Raed Ibrahim Almudaiheem).
Mr. Mohammed Khalid Alqahtani was appointed Corporate Secretary, and Mr. Khalid Abdullah Alshami and Mr. Sahal Mekhdar Kedran Althobaiti were designated as company representatives to the CMA and Saudi Tadawul Group.

Element List	Explanation
Announcement Detail	Reference to the results of the ordinary general assembly meeting of Al Yamamah Steel Industries Company held on 28-12-1447 corresponding to 14-06-2026, in which a new board of directors of the company was elected for the session that begins its work on 26-06-2026 for a period of four years ending on 25-06-2030, the company announces the decision of its board of directors on 23-06-2026, appointing the Chairman of the Board of Directors and Vice Chairman of the Board of Directors and the formation of committees emanating from the board, and other appointments as follows: First: Appointment of Mr. Khalid Abdullah Alshami - Chairman of the Board of Directors (Non-Executive Board Member) Second: Appointment of Mr. Raed Ibrahim Almudaiheem - Vice Chairman of the Board of Directors (Non-Executive Board Member) Third: Appointment of Mr. Mohammed Khalid Alqahtani as a Corporate Secretary of the Board of Directors. Fourth: Representatives of the company were selected at the Capital Market Authority (CMA) and the Saudi Tadawul Group: 1. Mr. Khalid Abdullah Alshami 2. Mr. Sahal Mekhdar Kedran Althobaiti Fifth: the Audit Committee was formed from the following gentlemen: 1. Mr. Ahmed Ali Aldhabi - Committee Chairman (Non-Board Member). He has over 17 years of professional experience in the financial and banking sectors, during which he held several senior executive and leadership positions, most notably serving as Group Chief Financial Officer of Saudi National Bank. He possesses extensive expertise in financial management, capital and liquidity management, corporate governance, risk management, strategic planning, and mergers and acquisitions. He played a key role in one of the largest banking mergers in Saudi Arabia, leading the integration of National Commercial Bank (NCB) and Samba Financial Group to form Saudi National Bank. He has also served on several boards of directors and chaired audit and risk committees. Mr. Al-Dhabi holds a Master’s degree in Finance and a Bachelor’s degree in Accounting, in addition to a number of professional and executive certifications. 2.Mr. Waleed Mohammad Albassam - Committee Member (Independent Board Member) He holds a PhD in Finance and Governance and a Master's and Bachelor's degree in Accounting. He is a member of boards of directors and committees in several companies. 3. Mr. Gasem Abdulghani Almaimani - Committee Member (Independent Board Member) He holds a Bachelor's degree in Mechanical Engineering and has 35 years of experience in operations and management of companies, manufacturing industries, the private and public sectors, and executive management. Sixth: The Nomination and Remuneration Committee was formed from the following gentlemen: 1. Mr. Ahad Abdulaziz Awaidha - Committee Chairman (Independent Board Member) 2.Mr. Khalid Abdullah Alshami - Committee Member (Non-Executive Board Member) 3. Mr. Mouhana Abdullah Almouhana - Committee Member (Non-Executive Board Member) Seventh:The Executive Committee was formed from the following gentlemen: 1.Mr.Raed Ibrahim Almudaiheem - Committee Chairman (Non-Executive Board Member) 2.Mr. Khalid Abdullah Alshami - Committee Member (Non-Executive Board Member) 3.Mr. Mouhana Abdullah Almouhana - Committee Member (Non-Executive Board Member) These resolutions are effective from the beginning of the new session of the Board of Directors on 26-06-2026 for a period of Four calendar years ending on 25-06-2030.

Element List

Explanation

Announcement Detail

Reference to the results of the ordinary general assembly meeting of Al Yamamah Steel Industries Company held on 28-12-1447 corresponding to 14-06-2026, in which a new board of directors of the company was elected for the session that begins its work on 26-06-2026 for a period of four years ending on 25-06-2030, the company announces the decision of its board of directors on 23-06-2026, appointing the Chairman of the Board of Directors and Vice Chairman of the Board of Directors and the formation of committees emanating from the board, and other appointments as follows:

First: Appointment of Mr. Khalid Abdullah Alshami - Chairman of the Board of Directors (Non-Executive Board Member)

Second: Appointment of Mr. Raed Ibrahim Almudaiheem - Vice Chairman of the Board of Directors (Non-Executive Board Member)

Third: Appointment of Mr. Mohammed Khalid Alqahtani as a Corporate Secretary of the Board of Directors.

Fourth: Representatives of the company were selected at the Capital Market Authority (CMA) and the Saudi Tadawul Group:

1. Mr. Khalid Abdullah Alshami

2. Mr. Sahal Mekhdar Kedran Althobaiti

Fifth: the Audit Committee was formed from the following gentlemen:

1. Mr. Ahmed Ali Aldhabi - Committee Chairman (Non-Board Member).

He has over 17 years of professional experience in the financial and banking sectors, during which he held several senior executive and leadership positions, most notably serving as Group Chief Financial Officer of Saudi National Bank. He possesses extensive expertise in financial management, capital and liquidity management, corporate governance, risk management, strategic planning, and mergers and acquisitions.

He played a key role in one of the largest banking mergers in Saudi Arabia, leading the integration of National Commercial Bank (NCB) and Samba Financial Group to form Saudi National Bank. He has also served on several boards of directors and chaired audit and risk committees. Mr. Al-Dhabi holds a Master’s degree in Finance and a Bachelor’s degree in Accounting, in addition to a number of professional and executive certifications.

2.Mr. Waleed Mohammad Albassam - Committee Member (Independent Board Member)

He holds a PhD in Finance and Governance and a Master's and Bachelor's degree in Accounting. He is a member of boards of directors and committees in several companies.

3. Mr. Gasem Abdulghani Almaimani - Committee Member (Independent Board Member)

He holds a Bachelor's degree in Mechanical Engineering and has 35 years of experience in operations and management of companies, manufacturing industries, the private and public sectors, and executive management.

Sixth: The Nomination and Remuneration Committee was formed from the following gentlemen:

1. Mr. Ahad Abdulaziz Awaidha - Committee Chairman (Independent Board Member)

2.Mr. Khalid Abdullah Alshami - Committee Member (Non-Executive Board Member)

3. Mr. Mouhana Abdullah Almouhana - Committee Member (Non-Executive Board Member)

Seventh:The Executive Committee was formed from the following gentlemen:

1.Mr.Raed Ibrahim Almudaiheem - Committee Chairman (Non-Executive Board Member)

2.Mr. Khalid Abdullah Alshami - Committee Member (Non-Executive Board Member)

3.Mr. Mouhana Abdullah Almouhana - Committee Member (Non-Executive Board Member)

These resolutions are effective from the beginning of the new session of the Board of Directors on 26-06-2026 for a period of Four calendar years ending on 25-06-2030.