| Element List | Explanation |
|---|---|
| Introduction | With reference to Arabian Drilling Company's announcement regarding the Board of Directors' decision to form the Committees of the Board, the Company wishes to clarify the details concerning the Audit Committee member for the Board term extending from the date of the Board's decision until the end of the Board term on 01/11/2029, for a period of four years |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-11-09 Corresponding to 1447-05-18 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Appointed Member Name Mr. Ugo Prechner Committee member (Non-Executive) the 5th Member of the Audit Committee Membership Start Date 06/11/2025 Brief Resume of the Appointed Member Currently a Vice President and Treasurer of Schlumberger Limited. Has extensive professional experience in the field of finance and administration. Held several leadership positions at Schlumberger, including: Vice President and Financial Controller, Well Construction Controller, and Operations Controller. Previously he worked as a financial controller at M-I SWACO |
| Financial Impact on the change | Not Applicable |