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Element List	Explanation
Introduction	Riyadh Steel Company announces that Dr. Murea bin Saad Al-Habbash has tendered his resignation as Chairman of the Audit Committee (from outside the Board) on 27/09/2025. The Board of Directors approved the resignation by circulation on 27/09/2025, with the resignation effective as of 27/09/2025. The Board expressed its sincere appreciation to Dr. Al-Habbash for his distinguished role and valuable contributions during his tenure on the Committee. The Company further announces the appointment of Mr. Abdullah bin Khalaf Al-Yousef as Chairman of the Audit Committee (from outside the Board) until the end of the current committee term on 17/01/2027.

Element List

Explanation

Introduction

Riyadh Steel Company announces that Dr. Murea bin Saad Al-Habbash has tendered his resignation as Chairman of the Audit Committee (from outside the Board) on 27/09/2025. The Board of Directors approved the resignation by circulation on 27/09/2025, with the resignation effective as of 27/09/2025. The Board expressed its sincere appreciation to Dr. Al-Habbash for his distinguished role and valuable contributions during his tenure on the Committee. The Company further announces the appointment of Mr. Abdullah bin Khalaf Al-Yousef as Chairman of the Audit Committee (from outside the Board) until the end of the current committee term on 17/01/2027.

Element List	Explanation
Name of Resigning Member	Dr. Murya Saad Al Habash
Resignation Submission Date	2025-09-27 Corresponding to 1447-04-05
Resignation Effective Date	2025-09-27 Corresponding to 1447-04-05
Reasons for Resignation	Pursuant to the Royal Decree appointing Dr. Murea Al-Habbash as a member of the Board of the Capital Market Authority (CMA), he is required to resign from all board and committee memberships at companies listed on the capital market.
Resigning Member Start Date	2025-02-16 Corresponding to 1446-08-17

Element List	Explanation
Appointed Member Name	Mr. Abdullah bin Khalaf Al-Yousef
Membership Start Date	2025-09-27 Corresponding to 1447-04-05
Brief Resume of the Appointed Member	Mr. Abdullah Al-Yousef holds a Bachelor’s degree in Management Information Systems from King Fahd University of Petroleum & Minerals. He is a Chartered Financial Analyst (CFA), an Accredited Business Valuer by the Saudi Authority for Accredited Valuers (TAQEEM), and a licensed financial consultant by the Ministry of Commerce. Mr. Al-Yousef brings extensive experience in the financial and consulting sectors. He has held several leadership roles, including Senior Consultant at Al-Murshid Al-Thaki Company and Corporate Finance Relationship Manager at a number of Saudi and GCC banks. He also serves on the boards of directors and committees of several public and private joint-stock companies.
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	2025-09-27 Corresponding to 1447-04-05
Additional Information	N/A

Riyadh Steel Co. Announces Resignation and Appointment Audit Committee Member