United International Transportation Co. (Budget Saudi) Announces the Resignation of an Audit Committee Member and the Appointment of Another Member

United International Transportation Co. (Budget Saudi) Announces the Resignation of an Audit Committee Member and the Appointment of Another Member

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|Introduction|| United International Transportation Company (Budget Saudi) announces that, on 15/05/2022, the member of the Audit Committee Eng. Khalid Abdullah Al-Dabal (Non-Executive Board Member) has resigned effective as of that date.

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The Board of Directors appointed Eng. Ahmed Abdullatif Al-Barrak (Independent Board Member) instead of the resigned member. The Board Approval is not Final, and it will be presented to the next General Assembly meeting for Approval.

|Element List||Explanation|

|Name of Resigning Member||Eng. Khalid Abdullah Al-Dabal|

|Resignation Submission Date||2022-05-15 Corresponding to 1443-10-14|

|Resignation Effective Date||2022-05-15 Corresponding to 1443-10-14|

|Reasons for Resignation|| To comply with the governance requirements regarding the formation of the audit committee,

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Due to the transformation of his membership status from an independent board member to a non-executive board member, as he spent nine consecutive years as a member of the company’s board of directors

|Resigning Member Start Date||2021-06-21 Corresponding to 1442-11-11|

|Element List||Explanation|

|Appointed Member Name||Eng. Ahmed Abdullatif Al-Barrak|

|Membership Start Date||2022-05-15 Corresponding to 1443-10-14|

|Brief Resume of the Appointed Member||Eng. Ahmed bin Abdullatif Al-Barrak obtained a bachelor’s degree in Systems Engineering, and a Master’s in Business Administration for Executives, and has extensive experience in management, supervision and boards of directors in private sector companies.|

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|Date of Board Meeting in which Appointed New Member(s) were Appointed||2022-05-15 Corresponding to