| Element List | Explanation |
|---|---|
| Introduction | Sports Clubs Company announces the resignation of Mr. Badr Brahim Brahim Al Swailem (a member from outside the Board) from the Audit Committee. His resignation was submitted on 14 February 2026 and is effective as of the same date, due to his association with a government position, as stated in his resignation letter. The Board of Directors would like to express its sincere thanks and appreciation to Mr. Badr Brahim Brahim Al Swailem for his efforts and contributions during his membership on the Audit Committee, and wishes him continued success. The Board of Directors of Sport Clubs Company has also decided to appoint Mr. Fadi Farooq Arbid (Independent Board Member) in the Audit Committee to complete the current term, which ends on 25 September 2027G. |
| Element List | Explanation |
|---|---|
| Name of Resigning Member | Badr Brahim Brahim Al Swailem |
| Resignation Submission Date | 2026-02-14 Corresponding to 1447-08-26 |
| Resignation Effective Date | 2026-02-14 Corresponding to 1447-08-26 |
| Reasons for Resignation | due to his association with a government position. |
| Resigning Member Start Date | 2023-08-30 Corresponding to 1445-02-14 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Fadi Farooq Arbid |
| Membership Start Date | 2026-02-14 Corresponding to 1447-08-26 |
| Brief Resume of the Appointed Member | Mr. Fadi Farooq Arbid holds a Bachelor’s degree in Strategic Marketing from Nantes University, France; a Master’s degree in Finance from Lancaster University, United Kingdom; and an MBA from the Wharton School, United States. Currently serves as a Board Member at Amwal Capital Partners, in addition to previous experience in investment leadership and business development. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-02-14 Corresponding to 1447-08-26 |
