Alwasail Industrial Co. Announces Appointment of a new CEO

Element List	Explanation
Introduction	Alwasail Industrial Company announces that the Board of Directors, at its meeting held on 05 August 2026 (corresponding to 22 Safar 1448H), approved the appointment of Mr. Mohammad Saleh Almushekih as the Chief Executive Officer (CEO) of the Company, effective 06 August 2026 (corresponding to 23 Safar 1448H), based on the recommendation of the Remuneration and Nomination Committee. The Board of Directors extends its best wishes to Mr. Mohammad Saleh Almushekih for success in his new role and is confident that his experience and expertise will contribute to achieving the Company's strategic objectives and future aspirations.

Element List

Explanation

Introduction

Alwasail Industrial Company announces that the Board of Directors, at its meeting held on 05 August 2026 (corresponding to 22 Safar 1448H), approved the appointment of Mr. Mohammad Saleh Almushekih as the Chief Executive Officer (CEO) of the Company, effective 06 August 2026 (corresponding to 23 Safar 1448H), based on the recommendation of the Remuneration and Nomination Committee.

The Board of Directors extends its best wishes to Mr. Mohammad Saleh Almushekih for success in his new role and is confident that his experience and expertise will contribute to achieving the Company's strategic objectives and future aspirations.

Element List	Explanation
Appointment Type	Appointment
Name of the Appointed Person	Mr. Mohammad Saleh Almushekih
Date of Board Resolution	2026-08-05 Corresponding to 1448-02-22
Date Work Commencement	2026-08-06 Corresponding to 1448-02-23
Brief Resume	Mr. Mohammad has held leadership positions within the Company since 2020, during this period, he led several strategic initiatives and transformation programs and contributed to business development and the execution of the Company's expansion and acquisition plans. He holds an Executive Master's degree from Prince Mohammed Bin Salman College and has diverse experience in business management, investment and financial business development. He has also held several leadership positions in both the public and private sectors.