JAZADCO appoints Sultan Al-Mubarak as Chairman, Feras Albawardi as Vice Chairman

Jazan Energy and Development Co. announces the Board of Director’s decision in its meeting held on 12-09-1443 H corresponding to 13-04-2022, regarding the appointment of the Chairman of the Board of Directors and the Vice-chairman, the formation of committees, and the appointment of the Company’s representative to the Capital Market Authority and the Saudi Stock Exchange (Tadawul), and appoint the Board Secretary, as follows:

Firstly: Electing the Chairman, Vice Chairman, and Secretary of the Board of Directors as follows:-

1. Appointment of Mr. Sultan Abdulaziz AlMubarak as Chairman of the Board of Directors.

2. Appointment of Mr. Feras Khalid Albawardi as Vice-Chairman of the Board of Directors.

3. Appointment Mr. Faisal Ibrahim Faqihi as a Secretary of the Board of Directors

Secondly: The Board approved the formation of the following committees:-

1. Formation of the Executive and Investment Committee from the following members:

• Mr. Feras Khalid Albawardi (Chairman of the Committee)

• Mr. Mohammed Abdullah Alkhttaf (Committee member)

• Mr. Abdulelah Mulhem Al-Mofeez (Committee member)

• Miss. Bedor Nasser Al-Rashoudi (Committee member)

2. Formation of the Nominations and Remuneration Committee from the following members:

• Mr. Turki Ahmed Alobilan (Chairman of the Committee)

• Mr. Mohammed Abdullah Alkhttaf (Committee member)

• Mr. Abdulelah Mulhem Al-Mofeez (Committee member)

3. Audit committee for the new session, This will be presented in the next ordinary general assembly for approval after obtaining needed approvals, the committee works will begins from the date of its approval by the ordinary general assembly until the session ends on 12-04-2025 with the previously approved tasks and authorization, and the names of the members are as follows:

• Mr. Turki Ahmed Alobilan - independent (Chairman of the Committee)

• Mr. Abdulmajeed Sulaiman Mohammed Aldukhail (member from outside the Board)

• Mr. Abdulaziz Sulaiman Abdullah Aldukhail (member from outside the Board)

Thirdly: Appointment of the Company's representatives to the Capital Market Authority and to the Stock Exchange (Tadawul) for all purposes related to the implementation of the laws and regulations of the Capital Market Authority and the Saudi Stock Exchange (Tadawul).