Alkhorayef Water and Power Technologies Company announced the resignation of Eng. Mohammed bin Abdullah Ibrahim AlKhorayef from the position of Chairman of the Company's Board of Directors (non-executive) and from the membership of the Board of Directors of the company, due to his special circumstances. He submitted his resignation on February 12, 2023 provided that the acceptance of the resignation shall be effective from the date of February 13, 2023, and the Company's board of directors approved his resignation on the date of February 13, 2023, provided that it is effective from that date.

The Company's Board of Directors decided on February 13, 2023 to appoint Eng. Abdulaziz Abdulrahman Abdullah AlKhorayef (Chairman) to the Board of Directors of the company (non-executive), and to appoint Eng. Fahd bin Muhammad bin Abdulaziz AlKhorayef (Vice-Chairman) as of that date.

The Company's Board of Directors also decided on February 13, 2023 to appoint Dr. Othman bin Yahya bin Ibrahim Al-Najdi as a member of the Company's Board of Directors (non-executive) from February 13, 2023 until the end of the current Board's term, noting that the approval of the Board of Directors is not considered final, and this appointment will be presented to the first meeting of the General Assembly for approval. Dr. Othman bin Yahya Al Najdi holds a Bachelor's degree in Mechanical Engineering Department of Aeronautical Engineering and a Master's degree in Thermal Engineering and Mechanical Powers from King Abdulaziz University in Jeddah. He holds a PhD in Sustainable Energy Engineering from the University of Nottingham United Kingdom and holds many academic and professional qualifications.

He has more scientific and practical experience, and currently occupies the position of (General Manager of Sustainable Energy and Water Technologies at AlKhorayef Group).