The Saudi National Bank Announces Changes at the level of the Board of Directors, and the Managing Director & Chief Executive Officer of the Bank.

The Saudi National Bank Announces Changes at the level of the Board of Directors, and the Managing Director & Chief Executive Officer of the Bank.

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|Announcement Detail|| The Saudi National Bank announces the Board of Directors’ resolution pursuant to its meeting convened on 4/9/1444H corresponding to 26/3/2023G, concerning changes at the level of the Board of Directors, and the Managing Director & Chief Executive Officer, after obtaining the Saudi Central Bank’s Non-Objection, wherein the Board resolved the following:

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1- Accepted the resignation of Mr. Ammar Abdul Wahed Al Khudairy from the Board of Directors of the Saudi National Bank, effective as of 4/9/1444H corresponding to 26/3/2023G, due to personal reasons.

2- Accepted the resignation of Mr. Saeed Mohammed Al Ghamdi from his position as Managing Director & Group Chief Executive Officer of the Saudi National Bank effective as of 4/9/1444H corresponding to 26/3/2023G, while continuing as a Board Member.

3- Appointed Mr. Saeed Mohammed Al Ghamdi as Chairman of the Board of the Saudi National Bank, effective as of 5/9/1444H corresponding to 27/3/2023G, until the end of the current Board Cycle.

4- Appointed Mr. Talal Ahmed Al Khereiji as Acting Chief Executive Officer of the Saudi National Bank, effective as of 5/9/1444H corresponding to 27/3/2023G.

Mr. Talal Ahmed Al Khereiji is a graduate of Georgetown University, USA where he received his Master's degree in International Business and his Bachelor’s