Quara Finance Co. Announces Resignation of the Chairman of the Audit Committee

Quara Finance Company announces the issuance of a Board resolution by circulation dated 18/03/2026 approving the acceptance of the resignation of Mr. Essam bin Abdulaziz Al-Segair , Chairman of the Audit Committee (an independent member from outside the Board).

The resignation was submitted before the end of Tuesday, 17/03/2026, due to personal circumstances. The resignation shall be effective as of the date of the Board’s resolution approving it.

The Board of Directors extends its sincere appreciation and gratitude to Mr. Essam bin Abdulaziz Al-Segair for his distinguished efforts and valuable contributions during his tenure as Chairman of the Audit Committee, wishing him continued success.

The Company will announce the appointment of a replacement member to the Audit Committee (from outside the Board) at a later date, following the receipt of the non-objection from the relevant regulatory authorities and completion of the necessary procedures to ensure the continuity of the Committee’s work in accordance with the applicable regulatory requirements.