The Case Study: SAND is a listed company on Saudi Exchange - Tadawul working in the telecom industry. The following information has been provided to you regarding the company during the year 2022: 1. Board of Directors: Consists of 10 members: 1 is Independent and non-executive, 5 non-executive and 4 are executive. Conducted 2 meeting during the year. Launched community programs targeting the youth. Board committees: Audit committee, Nomination committee and Remuneration committee. Skills and expertise: CEO has two year experience, CFO has 5 year-experience as a finance director in SAND company and 4 year-experience as a CFO in B Telecom company. Currently, the board is thinking about establishing a succession plan in the company. The Board manages the daily business activities 2. Secretary of the Board: 3. Audit committee: Holds a degree in Languages. 4. Disclosures Consists of 3 members: 2 are independent. The Chairman of the Board in a member in this committee. Full disclosure on remuneration policy. 5. General Notes: The CEO has ended their service in SAND in December, 31st, 2022 and was appointed the Chairman of the Board in 2023. The date, place and agenda for the General Assembly has been announced 10 days prior to the meeting. The access to the General Assembly minutes of meeting has been granted to the Shareholders as soon as it was completed. AC Bank refused the request of SAND for a loan.

The Case Study: SAND is a listed company on Saudi Exchange - Tadawul working in the telecom industry. The following information has been provided to you regarding the company during the year 2022 : 1. Board of Directors: - Consists of 10 members: 1 is Independent and non-executive, 5 non-executive and 4 are executive. - Conducted 2 meeting during the year. - Launched community programs targeting the youth. - Board committees: Audit committee, Nomination committee and Remuneration committee. - Skills and expertise: CEO has two year experience, CFO has 5 year-experience as a finance director in SAND company and 4 year-experience as a CFO in B Telecom company. - Currently, the board is thinking about establishing a succession plan in the company. - The Board manages the daily business activities 2. Secretary of the Board: - Holds a degree in Languages. 3. Audit committee: - Consists of 3 members: 2 are independent. - The Chairman of the Board in a member in this committee. 4. Disclosures - Full disclosure on remuneration policy. 5. General Notes: - The CEO has ended their service in SAND in December, 31,2022 and was appointed the Chairman of the Board in 2023. - The date, place and agenda for the General Assembly has been announced 10 days prior to the meeting. - The access to the General Assembly minutes of meeting has been granted to the Shareholders as soon as it was completed. - AC Bank refused the request of SAND for a loan. The Case Study: SAND is a listed company on Saudi Exchange - Tadawul working in the telecom industry. The following information has been provided to you regarding the company during the year 2022 : 1. Board of Directors: - Consists of 10 members: 1 is Independent and non-executive, 5 non-executive and 4 are executive. - Conducted 2 meeting during the year. - Launched community programs targeting the youth. - Board committees: Audit committee, Nomination committee and Remuneration committee. - Skills and expertise: CEO has two year experience, CFO has 5 year-experience as a finance director in SAND company and 4 year-experience as a CFO in B Telecom company. - Currently, the board is thinking about establishing a succession plan in the company. - The Board manages the daily business activities 2. Secretary of the Board: - Holds a degree in Languages. 3. Audit committee: - Consists of 3 members: 2 are independent. - The Chairman of the Board in a member in this committee. 4. Disclosures - Full disclosure on remuneration policy. 5. General Notes: - The CEO has ended their service in SAND in December, 31,2022 and was appointed the Chairman of the Board in 2023. - The date, place and agenda for the General Assembly has been announced 10 days prior to the meeting. - The access to the General Assembly minutes of meeting has been granted to the Shareholders as soon as it was completed. - AC Bank refused the request of SAND for a loan