Savola Group — Board/Management Information 2015

May 5, 2015

The Savola Group Announces the Appointment of a New Board Member

2050 · 05/05/2015 08:42:49 · Announcement #38584 · View on Saudi Exchange

The Savola Group Announces the Appointment of a New Board Member

The Savola Group announces the appointment of Mr. Omar Hadir Nasrat Al-Farisi, as member in its Board of Directors (an Independent Director), as of Monday 4th May, 2015 till the end of the Board office term ending on 30th June, 2016, in place of Dr. Abdulraouf Mohammed Mannaa (a non-executive Director) who resigned from the Board of Directors, as announced in Tadawul on 25th February 2015.

This appointment was approved by the Board of Directors in its meeting held on 19th April, 2015 based on the Compensation, Nomination and Governance Committee, subject to the acceptance of Mr. Omar Al-Farisi and will be effective from the date of his acceptance. The acceptance of Mr. Omar Al-Farisi to joint to the Savola Group Board of Directors was received on Monday, May 4, 2015, and accordingly this announcement has been published. The said appointment is not final and will be presented to the next General Shareholders Assembly Meeting for approval as per regulation.

It is worth-mentioning that Mr. Omar Al-Farisi joined the Gulf International Bank (GIB) Board of Directors in November 2012. He is Managing Director of Diyala Advisors, LLC, in New York (since 2003). Previously, Mr. Omar was an investment banker at Credit Suisse First Boston in New York (2000-2003) where he focused on energy sector financing, mergers and acquisitions and related transactions. Prior joining working in the banking sector. Mr. Omar was an Attorney at White & Case Law Firm in New York (1994- 2000) where he was a member in the Corporate & Financial Services Department. Mr. Omer obtained his B.A. in Economics from the University of Notre Dame and a J.D. from Columbia University School of Law.

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