| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | SCIENTIFIC & MEDICAL EQUIPMENT HOUSE CO.announces the decision of the Board of Directors at the Board meeting on 26/01/1444 corresponding to 24/08/2022 to accept the resignation of the Board Member, Mr. Bayan Khalil Suleiman (independent member), which he submitted on 24/01/1444 corresponding to 22/08/2022, provided that the resignation will take effect from the date of the issuance of the Board of Directors’ decision on 24/08/2022, based on his students and due to his practical ties that do not allow him to continue his duties as a member of the Board of Directors. The company also announces the appointment of a new board member in place of the resigned member, Mr. Hassan bin Ali bin Abdulmohsen Al-Jishi (independent member) in accordance with the decision of the Board of Directors and in accordance with Article (19) of the company ’s articles of association , starting from the date of 26/01/1444corresponding to 24/08/2022, and until the end of the current Board session on 25/07/2023. Note that this approval is not considered final and this decision will be presented to the first meeting of the General Assembly for approval. Thus, the company’s board of directors extends its sincere thanks and appreciation to Mr. Bayan Khalil Suleiman for his active participation during his term of membership in the board of directors The board. also welcomes Mr. Hassan Bin Ali Al- Jishi, wishing everyone success and payment. |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Resigned Member Name | Bayan Khalil Sulayman |
| Membership Type | Independent |
| Resignation Submission Date | 2022-08-22 Corresponding to 1444-01-24 |
| Resignation Acceptance Date | 2022-08-24 Corresponding to 1444-01-26 |
| Resignation Effective Date | 2022-08-24 Corresponding to 1444-01-26 |
| Membership Starting Date for the Resigned Member | 2022-08-24 Corresponding to 1444-01-26 |
| Reasons of Resignation | Based on his students and due to his practical ties, which do not allow him to continue his duties as a member of the Board of Directors. |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Appointed Member Name | Hassan bin Ali bin Abdul Mohsen Al-Jeshi |
| Membership Type | Independent |
| Membership Start Date | 2022-08-24 Corresponding to 1444-01-26 |
| Brief Resume of the Appointed Member | Mr. Hassan Al Jeshi has extensive professional experience in the field of investment and capital markets, where he has led through his leadership positions several landmark and important investment transactions. Mr. Hassan Al-Jeshi is the CEO of Malaz Capital. He held several leadership positions in reputable and leading investment institutions. Mr. Hassan was the Head of Equity Capital Markets at SNB Capital, Head of Investment Banking at Samba Capital and Group Head of the Corporate Finance at Alistithmar Capital. Mr. Hassan Al-Jeshi holds a bachelor’s degree in Finance from King Fahd University of Petroleum and Minerals and a master’s degree in Finance from The George Washington University, USA. |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2022-08-24 Corresponding to 1444-01-26 |
| Board Approval | The approval of the Board is not considered final and this appointment will be presented to the first meeting of the General Assembly for approval. |
