The Board of Directors of the Saudi Public Transport Company (SAPTCO) is pleased to announce the decisions that were taken during its first meeting for the year 2022 AD, held on Monday, Jumada Al-Thani 14, 1443 AH corresponding to January 17, 2022 AD, related to restructuring of the Board of Directors and its committees, during the current Board's term, which started on January 01, 2022 AD and ends on December 31, 2024 AD, which as the following:

First: Appointment of Mr. Musad Bin Abdulaziz Aldaood as Vice Chairman of the Board of Directors. (Independent Member)

Second: Formation of the Remuneration and Nominations Committee.

Third: Formation of the Investment and Strategy Committee.

Fourth: The company's representatives have been appointed to the Capital Market Authority and to the Saudi Stock Exchange Company (Tadawul) for all purposes related to the application of the capital market system and its implementing regulations.

Fifth: Appointing the Board of Directors Secretary.

Note that, the formation of the Audit Committee was approved during the meeting of the Ordinary General Assembly, which was held on Jumada al-Awwal 16, 1443 AH corresponding to December 20, 2021 AD and for a period of three years starting on January 01, 2022 AD and ending on December 31, 2024 AD. This has been announced in the Ordinary General Assembly meeting results announcement.