Saudi AZM for Communication and Information Technology Co. announces the recommendation of its Board of Directors to amend Article 15(a) of the Company's Articles of Association relating to the formation of the Board of Directors and to increase the number of its members to six (6) members

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Announcement Detail	Saudi Azm for Communication and Information Technology Co. announces the recommendation of the Company's Board of Directors, issued on 16/02/1448H corresponding to 30/07/2026G, to amend Article 15(a) of the Company's Articles of Association relating to the formation of the Board of Directors, such that the Board of Directors shall consist of not less than three (3) members, in accordance with the Companies Law, its Implementing Regulations and the Corporate Governance Regulations, provided that the Ordinary General Assembly shall determine their number for each term, and that they shall be natural persons elected by the Ordinary General Assembly of shareholders for a term not exceeding four (4) years. The Board of Directors made this recommendation to increase the number of Board members from five (5) to six (6) at the current stage, adding further diversity of expertise, qualifications and capabilities and broadening the Board's skill set in line with the Company's size and the nature of its activities, supporting the Company's strategic priorities and future plans. The Company will complete the necessary regulatory procedures to obtain the required approvals from the relevant regulatory authorities, and will present this recommendation to the Extraordinary General Assembly, the date of which will be announced in due course. There is no financial impact on the Company resulting from this amendment, and the amendment shall not become effective until the date of approval of the Extraordinary General Assembly and completion of the approvals of the relevant regulatory authorities. The Company will announce any material developments in due course.

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Explanation

Announcement Detail

Saudi Azm for Communication and Information Technology Co. announces the recommendation of the Company's Board of Directors, issued on 16/02/1448H corresponding to 30/07/2026G, to amend Article 15(a) of the Company's Articles of Association relating to the formation of the Board of Directors, such that the Board of Directors shall consist of not less than three (3) members, in accordance with the Companies Law, its Implementing Regulations and the Corporate Governance Regulations, provided that the Ordinary General Assembly shall determine their number for each term, and that they shall be natural persons elected by the Ordinary General Assembly of shareholders for a term not exceeding four (4) years.

The Board of Directors made this recommendation to increase the number of Board members from five (5) to six (6) at the current stage, adding further diversity of expertise, qualifications and capabilities and broadening the Board's skill set in line with the Company's size and the nature of its activities, supporting the Company's strategic priorities and future plans.

The Company will complete the necessary regulatory procedures to obtain the required approvals from the relevant regulatory authorities, and will present this recommendation to the Extraordinary General Assembly, the date of which will be announced in due course.

There is no financial impact on the Company resulting from this amendment, and the amendment shall not become effective until the date of approval of the Extraordinary General Assembly and completion of the approvals of the relevant regulatory authorities. The Company will announce any material developments in due course.