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.

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.

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,

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

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.

Date of Board Meeting in which Appointed New Member(s) were Appointed

2022-05-15 Corresponding to 1443-10-14

Board Approval

Board Approval May not be Deemed Final, this Appointment Shall Be presented in the First General Assembly Meeting for Approval