Intelligent Oud Company for Trading announces that the Board of Directors has recently approved the resignation of two members of the Audit Committee. Both Mr. Ahmed Ibrahim (External Member) and Mr. Osama Taha Mohamed Taha (External Member) have stepped down from their positions due to other commitments. The Board of Directors also approved the appointment of two new members to the Audit Committee.

Mr. Fahd Muhammad Al-Obaid (external member) and Mr. Abdul Rahman Zaid Al-Batal (external member) were appointed as alternate members. As members of the Audit Committee for the remainder of the current session that began on September 15, 2021, and ends on September 11, 2026. This becomes the formation of the Audit Committee of Intelligent Oud Company for Trading according to the following: 1. Mr. Suhail Abdullah Ahmed Hayyan, Independent Board Member - Chairman of the Audit Committee, 2. Mr. Fahd Muhammad Al-Obaid, member of the Audit Committee from outside the Council and 3.Mr. Abdul Rahman Zaid Al-Battal, member of the Audit Committee from outside the Council.

Mr. Fahd Al-Obaid. Mr. Al-Obaid holds a bachelor?s degree in banking sciences from Imam Muhammad bin Saud Islamic University in Riyadh, which he obtained in 2019. He also obtained many professional certificates in the banking, regulatory and financial fields, including successfully completing the Qualification Authority?s procedures in exams. Since 2019, Mr. Al-Obaid has gained practical and professional experience in the banking sector.

Abdul Rahman Al-Battal holds a bachelor?s degree in accounting from King Saud University in 2011. He has extensive experience in the financial sector, including 12 years of professional experience. In addition, he has obtained numerous certifications in auditing, auditing, and professional development.