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Element List	Explanation
Introduction	Mayar Holding Company is pleased to announce the resolution of the Board of Directors, in its meeting held on 24 November 2025 regarding the formation of the Audit Committee for the new Board of Directors’ term, which commenced on 21 November 2025 and will continue for Four years until 20 November 2029, as follows: Formation of the Audit Committee Members 1) Mr/ Raeed Abduallah Aljalajel (Chairman of the Audit Committee -Independent Board Member). 2) Mr/ Ahmed Zaki Mohammed Alfraih (Committee member - Independent Board Member). 3) Mr/Abdulrahman Suliman Abdulrahman ALamr (Committee Member - Member from outside the Board).

Element List

Explanation

Introduction

Mayar Holding Company is pleased to announce the resolution of the Board of Directors, in its meeting held on 24 November 2025 regarding the formation of the Audit Committee for the new Board of Directors’ term, which commenced on 21 November 2025 and will continue for Four years until 20 November 2029, as follows:

Formation of the Audit Committee Members

1) Mr/ Raeed Abduallah Aljalajel (Chairman of the Audit Committee -Independent Board Member).

2) Mr/ Ahmed Zaki Mohammed Alfraih (Committee member - Independent Board Member).

3) Mr/Abdulrahman Suliman Abdulrahman ALamr (Committee Member - Member from outside the Board).

Element List	Explanation
Appointed Member Name	Mr/ Raeed Abduallah Aljalajel.
Membership Start Date	2025-11-24 Corresponding to 1447-06-03
Brief Resume of the Appointed Member	It is worth noting that Mr. Raeed Abdullah Aljalajel holds a Bachelor's degree in Accounting from Southern Illinois University in the United States of and is a Fellow of the Saudi Organization for Certified Public Accountants. He currently serves as the General Manager of Business Auditing at Elm Company and is an independent board member of Mayar Holding Company, in addition to holding memberships on several committees in other Saudi companies.
The date of the approval by other official authorities	Not applicable.

Element List	Explanation
Appointed Member Name	Mr/Ahmed Zaki Mohammed ALfarih
Membership Start Date	2025-11-24 Corresponding to 1447-06-03
Brief Resume of the Appointed Member	Mr. Ahmed Zaki AlFraih holds a Bachelor’s degree in Accounting from the University of Sharjah in the United Arab Emirates, he is a certified board of directors from GCC BDI and have an executive certification from IMD business school, He has extensive experience in the field of financial and accounting management. He holds the position of Chief Financial Officer at the Events Investment Fund , and has held this position in several companies. He is an independent board member of Mayar Holding Company, in addition to several committee memberships in other Saudi companies.
The date of the approval by other official authorities	Not applicable.

Element List	Explanation
Appointed Member Name	Mr/Abdulrahman Suliman Abdulrahman Alamr
Membership Start Date	2025-11-24 Corresponding to 1447-06-03
Brief Resume of the Appointed Member	Mr/Abdulrahman Alamr holds a master's degree in finance and accounting from IE University in Spain and a bachelor's degree in finance from King Saud University in Saudi Arabia. He is a corporate finance expert with extensive experience in cash flow analysis, financing arrangements, and capital structuring. He currently serves as the Corporate Finance Manager at Taya Holding , also worked on Sukuk issuances and private investment funds.
The date of the approval by other official authorities	Not applicable.

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2025-11-24 Corresponding to 1447-06-03

Mayar Holding Company Announces the Formation of the Audit Committee.