Banan Real Estate Co. Announces the appointment of the Chairman and Vice-Chairman of the Board, the formation of the Board's committees, the appointment of the Board's Secretary, and the company's representatives.

First: The appointment of the Chairman and Vice Chairman of the Board as follows:

1. Mr. Abdulmohsen Abdulaziz Saleh Al-Haqbani, Chairman of the Board.

2. Mr. Ahmed Abdulrahman Abdulaziz Al-Haqbani, Vice Chairman of the Board.

Second: The renewal of the appointment of the Chief Executive Officer, Mr. Majed Abdullah Al-Nasser, and the continuation of granting him full powers of the Chief Executive Officer.

Third: The Board approved the formation of its committees as follows:

The Nominations and Remuneration Committee is composed of the following members:

1. Mr. Abdulaziz Mohammed Al-Qabbani, Chairman of the Nominations and Remuneration Committee - Board Member (Independent)

2. Mr. Fahad Bin Ya'an Allah Al-Ghamdi, Member of the Nominations and Remuneration Committee - External Member

3. Mr. Khalid Abdullah Al-Balawi, Member of the Nominations and Remuneration Committee - External Member

Fourth: The Secretary of the Board of Directors and the company’s representatives to the Capital Market Authority, the Saudi Stock Exchange Group, and the Securities Depository Center Company were appointed for all purposes related to the application of the Capital Market Law and its implementing regulations.