| Element List | Explanation |
|---|---|
| Introduction | Lumi Rental Company announces that the Board of Directors (the “Board”) has passed a resolution by circulation, dated 15/08/1447 AH (corresponding to 03/02/2026 AD) to reconstitute the Audit Committee (the “Committee”). The reconstitution shall be effective as of the date of approval of the circular resolution and shall remain in effect until the end of the current Board term on 12/11/1448 AH (corresponding to 19/04/2027 AD). Audit Committee composition before the reconstitution: 1. Mr. Sulaiman Nasser Alhatlan (Chairman of the Committee) - Board Member (Non-Executive) 2. Mr. Ahmed Samer Hamdi Alzaim - Board Member (Non-Executive) 3. Mr. Ahmed Abdullah Alkanhal - Member from outside the Board 4. Ms. Rana Nasser Alomair - Member from outside the Board Audit Committee composition after the reconstitution: 1. Mr. Sulaiman Nasser Alhatlan (Chairman of the Committee) - Board Member (Non-Executive) 2. Mr. Ahmed Samer Hamdi Alzaim - Board Member (Non-Executive) 3. Mr. Khalid Mohammed Alamoudi - Board Member (Independent) 4. Mr. Ahmed Abdullah Alkanhal - Member from outside the Board |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Khalid Mohammed Alamoudi - Board Member (Independent) |
| Membership Start Date | 2026-02-04 Corresponding to 1447-08-16 |
| Brief Resume of the Appointed Member | Mr. Khalid Mohammed Alamoudi holds a Bachelor’s degree in Industrial Management from King Fahd University of Petroleum and Minerals, Dhahran, Kingdom of Saudi Arabia. He has more than 20 years of experience in banking, real estate finance, and real estate development, in addition to his experience in areas related to oversight and supervision of financial performance. Throughout his career, he has held several leadership positions, including serving as the CEO of Jabal Omar Development Company, along with prior experience in the banking sector and housing and financing fields. |
| 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 | 2026-02-03 Corresponding to 1447-08-15 |
| Additional Information | Pursuant to the above-referenced Board resolution approving the reconstitution of the Audit Committee, the membership of Ms. Rana Nasser Alomair on the Committee has concluded effective as of the date of approval of the circular resolution. The Board of Directors extends its sincere appreciation and gratitude to her for her efforts and contributions during her tenure on the Audit Committee and wishes her continued success. |
