Jazan Development and Investment Company Announces the appointment of the Chairman of the Board of Directors Vice Chairman and Managing Director and the formation of committees emanating from the Board of Directors

Jazan Development and Investment Company announces the resolution of the Board of Directors in its meeting held on April 12, 2025, which included the appointment of the Chairman and Vice Chairman of the Board, and Managing Director, and the formation of board committees, the appointment of the Board Secretary, and the designation of the company’s representatives to the Capital Market Authority and the Saudi Exchange Company, as follows:

First: Appointment of His Excellency Mr. Ibrahim Abdullah Al-Jasser as Chairman of the Board of Directors.

Second: Appointment of His Excellency Mr. Feras Khaled Albawardi as Vice Chairman of the Board and Managing Director.

Third: Formation of the Nominations and Remuneration Committee consisting of the following members:

1. Mr. Sultan Abdullah alshalash – Committee Chairman

2. Mr. Jaber Mohammed Alsahli

3. Mr. Basem Mohammed Bahloul

Fourth: Formation of the Executive and Investment Committee consisting of the following members:

1. Mr. Feras Khaled Albawardi – Committee Chairman

2. Mr. Mohammed Yahya Alsogour

3. Mr. Jaber Mohammed Alsahli

Fifth: Appointment of Mr. Faisal Ibrahim Faqihi as Secretary of the Company’s Board of Directors.

Sixth: Appoint the Company representatives with respect to the Capital Market Authority (CMA) and the Saudi Exchange Company for all the purposes related to the Law, the Companies Law, their implementing regulations, other relevant regulations, the rules for offering securities and continuing obligations.