Announcement by MEFIC CAPITAL regarding a change of the membership of the board of directors of MEFIC SAUDI EQUITY FREESTYLE FUND.

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IntroductionMEFIC CAPITAL announces a change in the membership of the board of directors of MEFIC SAUDI EQUITY FREESTYLE FUND.
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Reason of ChangeAppointment
Member NameMr.  Bader Ibrahim Al Swailem
Mr. Khalid Hussain Al Gahtani
Membership
Classification
independent
Effective Date2023-05-28 Corresponding to 1444-11-08
Element ListExplanation
Members of the Fund Board after the Change1-Ibrahim Abdullah Al Hedaithy (dependent).
2-Bader Ibrahim Al Swailem (Independent).
3-Khalid Hussain Al Gahtani (Independent).