Announcement by MEFIC CAPITAL regarding a change of the membership of the board of directors of MEFIC Saudi Freestyle Equity Fund.

MEFIC CAPITAL announces a change in the membership of the board of directors of MEFIC Saudi Freestyle Equity Fund due to (resignation( of board member Mr. Raed Ahmed AlRahma (Membership category: independent (from (06/04/2023), corresponding to (15/09/1444)

The formation of the board of directors, after the change, shall be:

1. (Ibrahim Abdullah Al Hedaithy) (Membership status: dependent).
2. (Abdulrahim Abdullah Al Tuwaijri) (Membership status: independent).