Academy of Learning Company announces the opening of the nomination period for membership in the Board of Directors for the upcoming term

The nomination process will be conducted in accordance with the provisions of the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority (CMA), the Company’s Articles of Association, and the Policies, Standards, and Procedures for Membership in the Board of Directors, Board Committees, and Executive Management.

Shareholders who wish to nominate themselves and who meet the required qualifications and criteria are invited to submit their nomination applications within the specified period and in accordance with the details outlined in this announcement.

The elected members will be voted upon during the upcoming General Assembly Meeting, the date of which will be announced at a later time after obtaining the necessary approvals from the competent authorities.

investor.relations@aol.edu.sa

Applications must be received before:

31/03/2026

2. Applicants wishing to nominate themselves must disclose their desire by submitting a written notification to the company’s management within the specified period and dates in accordance with applicable policies, regulations, and instructions (attached), along with providing all required identification documents such as (National ID, family card – if applicable – passport for non-Saudi nominees, and any other documents required by the company to meet regulatory requirements).

3. Provide a signed copy of the CV Form No. (3) issued by the Capital Market Authority for nomination to the Board of Directors, in both Arabic and English. (attached)

4. Provide CV Form No. (1) issued by the Capital Market Authority in both Arabic and English. (attached)

5. The nominee must not be a member of the boards of more than five joint-stock companies listed on the stock exchange at the same time.

6. The nominee must not be prohibited by regulatory authorities from working in joint-stock companies.

7. A statement of the listed joint-stock companies in which the nominee still serves as a member.

8. A statement of companies, institutions, or entities managed or owned by the nominee that carry out activities similar to the company’s business.

9. A nominee who has previously served as a member of the board of a joint-stock company must provide a statement from that company regarding the last board term, including the following information:

A- Number of board meetings held each year of the term.

B- Number of meetings attended in person and the attendance percentage.

C- The permanent committees in which the member participated, the number of meetings held by each committee during every year of the term, the number of meetings the member attended, and the percentage of attendance relative to the total meetings.

10. The nominee must also disclose any case of conflict of interest, including having a direct or indirect interest in the company’s contracts or business, or engaging in any activity that competes with the company or its subsidiaries.

The Nomination and Remuneration Committee will take into account the diversity of the nominee’s academic qualifications and professional experience when evaluating candidates, giving priority to individuals with appropriate skills required for board membership. Voting at the General Assembly will be limited to those who have nominated themselves in accordance with the above-mentioned regulations and requirements.