PRUDENT PROGRESS

Mrs. Al-Suhaimi is the Chairperson of the Company Board of Directors, which is considered the largest exchange in the Middle East. In her capacity, she spearheads Tadawul's efforts to integrate the Saudi Capital Market with global peers by way of aligning the platforms operations and governing regulations.

Mrs. Al-Suhaimi is also a Board Member at the Saudi Arabian Airlines Public Agency, the Cultural Development Fund and the Saudi Telecom Company. In addition, Mrs. Al-Suhaimi is a trustee of the International Financial Reporting Standards Foundation and a We-Fi Leadership Champion. She served as the CEO of NCB Capital (NCBC) from 2014 to 2021 and was a member of the Board of Directors. During her tenure, AUMs grew by over four times, NCBC's brokerage market share increased by more than 10% and the bank executed multiple large investment banking mandates earning league table status in DCM and M&A. Sarah served a two-year term as Vice-Chairperson of the Advisory Committee of the Capital Market Authority (CMA) Board of Directors from 2013 to 2015.

Prior to that, she led the Asset and Wealth Management Division at Jadwa Investment Company, where she was also the Chief Investment Officer from 2007 to 2014, and a member of the firms' Management Committee. Sarah started her career within asset management at Samba Capital.

She holds a Bachelor's Degree in Accounting with Honors from King Saud University, and completed the General Management programme in Harvard Business School.

Mr. Al-Humaid is the Head of Local Holdings Investments Division in the Public Investment Fund (PIF), where his responsibilities include managing two key investment pools: Saudi Equity Holdings pool and Saudi Sector Development pool, being the most condensed pools with assets under management. His responsibilities also include attracting international strategic partners to invest in Saudi and to localize cutting edge technologies, as well as carrying PIF role as a driver of the economy.

In 2015, Mr. Al-Humaid joined PIF as an advisor to H.E. the Governor to contribute to PIF restructure and strategy crafting, post its reallocation to Council of Economic and Development Affairs. He was then, in 2016, been appointed as the Chief of Staff, in addition to his advisory post, delivering during that post outstanding achievements, such as contributing to the construction of PIF updated strategy and business plan, managing PIF investment projects from inception to being established as companies, developing a comprehensive governance model for PIF portfolio companies along with establishing the foundations and mechanisms for representations in the Boards of Director for PIF portfolio companies, developing several international strategic partnerships, and enhancing PIF relations to become an enable to other local entities.

In addition to his tenure at PIF, Mr. Al-Humaid's career journey surpasses the 16 years mark, during which he has developed an extensive experience in both financial and management fields, starting in PricewaterhouseCoopers (PwC) from 2004 to 2008, then joining the Capital Market Authority (CMA) afterwards until 2015. During which he headed the mergers and acquisitions, and was exposed to international practices as he was seconded to work at the Malaysian Securities Commission and the regulatory body of mergers and acquisitions in the United Kingdom. He also served as advisor to H.E. the Chairman of CMA, enabling him to develop a comprehensive understanding of the CMA and its practices.

Mr. Al-Humaid's contributions reach beyond his executive role, by being a member in permanent committees in PIF such as the Management Committee, the Portfolio Companies Nomination Committee and Management Investment Committee. His contributions exceed PIF as an organization in both public and private sectors, as being the Chairman of the National Security Services Company, Vice-Chairman for both SAMBA Financial Group, and the Saudi Telecom Company and a Board Member in several companies such as Saudi Arabian Airlines, Civil Aviation Holding, Richard Attias & Associates and Flyadeal, in addition to being a member in several subcommittees from the aforementioned Boards of Directors.

Mr. Al-Humaid holds a Bachelor's Degree in Accounting from the King Saud University, along with being certified by several of the top tier international academic institutes such as London Business School in Executive Management Programmes.

Currently he is the CEO and Board Member of the Company, Chairman of the Securities Depository Center Company (Edaa) and Securities Clearing Center Company (Muqassa), Tadawul Advanced Solutions Company (Wamid) and the Saudi Exchange Company.

Eng. Al-Hussan has more than 13 years of capital market experience. His experience spans from business development and corporate planning to strategy and operations. Before being appointed as the Chief Executive Officer of Tadawul in March, 2016, and for the period of 10 years he assumed executive roles that covered cash markets, listings, operations and deposits as well as strategy and market data. He has sponsored key programmes within Tadawul that covered the introduction of QFIs framework, introduction of Independent Custody Model and Tadawul's inclusion in main international indices. He also sponsored the restructuring programme of the Financial Infrastructure companies. Before Joining Tadawul, he worked in various sectors including the insurance sector, business management and product development, marketing, PMO, and strategy. He is also a member of the Board of Directors of the World Federation of Exchanges and the Arabic Federation of Exchanges.

He obtained a Bachelor's Degree in Engineering, in addition to an MBA from the University of Colorado in the United States of America in which he is also a certified entrepreneur.

Currently he is the Chairman of Boa Technology Company and he previously worked as Deputy Governor of the Saudi Central Bank (SAMA) for developing the financial sector and national initiatives, and he also co-founded Derayah Financial, and has worked as a co-CEO responsible for operations and technology.

He has 30 years of experience in the field of technology, analysis, system design, and engineering work procedures and investment accounts. He is also a Board Member of Derayah Financial and Bayan Payments Limited. He began his career in 1983 as an auditor at SAMA; after holding several positions there, he then moved to NCB, where he supervised systems development projects in addition to supporting and maintaining existing systems.

He obtained a Bachelor's Degree in Social Services from King Saud University in 1981, and a professional Diploma in Financial Supervision from the Institute of Public Administration in 1983. He has also participated in technical and management training programmes at various institutions, including Harvard University and the Massachusetts Institute of Technology.

Currently he is the CEO and Vice-Chairman of the Saudi Basic Industries Corporation (SABIC) since February 2015. He is also the Chairman of the Board of Directors of the Saudi Arabian Fertilizers Company (SAFCO) and SABIC for investment and content (Nusaned), and a member of the Board of Directors of Saudi Information Technology Company. Previously, he worked as Deputy Chief Financial Officer, and Executive Vice President of the Strategic Chemicals Business Unit in Saudi Basic Industries Corporation (SABIC).

He obtained a Bachelor's Degree in Economics and a Master's Degree in Industrial Management.

Currently he is the CEO of Riyadh Capital, an investment bank that works in all areas and activities of financial markets. He is also a Board member of the Zakat, Tax and Customs Authority. He is also a Board member of the Zakat, Tax and Customs Authority. He started his career with PwC, and previously worked as Vice President of the Listed Companies and Investment Products Agency in the Capital Market Authority, where he assumed responsibility for overseeing six different departments in the Authority, performing many organizational and development tasks in the following areas: public and private securities offer, mergers and acquisitions, investment product development, asset management, disclosure and corporate governance of listed companies.

He obtained a Bachelor's Degree in Accounting from King Saud University, and a Master's Degree in Business Administration from Colorado Technical University, and he also obtained a Certified Public Accountant's License from the Saudi Organization for Certified Public Accountants (SOCPA) and (CPA).

Currently he is the CEO of Wilshire Company and as a result of that he became a Director in a number of Wilshire subsidiaries, he is also a Board Member in the Singapore Stock Exchange and the Vice Chairman of Tadawul Advanced Solutions Company (Wamid). He is also an advisor to Hang Seng Bank in Hong Kong. Prior to that he was the Non-Executive Chairman of Information Services at the London Stock Exchanges Group (LSEG) and UNICEF Vice President in the UK since 2011.

Mark started his career in the financial services field in 1985 after joining the London Stock Exchange and worked during this period to develop the stock market's business in the field of information technology and services. He also led the securities organization in the United Kingdom, and participated in establishing the first international stock market across borders in Europe. He was the founder, CEO and Chairman of Information Services in FTSE Russell.

He also has experience of more than 20 years in developing successful joint ventures, and has succeeded in establishing alliances with stock exchanges, academics and leading industrial groups all over the world. He has founded large companies in Asia, Europe, the Middle East, Africa, and the Americas, and was also the first Chairman and Founding Member of the Index Industry Association.

Currently she is the Adviser to the Governor of PIF, she was the CEO of Samba Financial Group, and she was a member in the Boards of Directors in Samba Capital, Samba Bank Limited in the Republic of Pakistan and Samba Global Markets Limited Company. Ms. Rania is also a member of the Advisory Committee of the Capital Market Authority since 2019. In addition, she is a member in the Board of Directors of the International Finance Institute and the Board of Directors of the Saudi Space Authority and in 2020 the Minsters' Council appointed her as Board member of the The National Center for Performance Measurement (Adaa) she is also the Chairperson of the Audit Committee of the FII Institute. Her career in the Banking sector started in 1997 when she joined the Samba Financial Group and moved between several banking sites and departments within the Group. She had a major role in developing Samba's e-banking strategy and launching the Samba banking services system online. She is a member of both the Saudi Polo Federation and the The Institute of International Finance, and Ms. Rania represents the private sector alliance to empower women in business during Saudi Arabia G20 Presidency.

She obtained a Bachelor's Degree with Honors in Computer Science and Information Technology from King Saud University, in addition to joining the Leadership Development Program from Darden College of Business Administration at Virginia American University, and then she obtained a certificate in Governance, Risk Management, and Compliance with Cooperation from the School of Business in George Washington University.

Currently he is the Chairman of Shore Capital Markets and a Board Member in Golden Falcon Acquisitions and Tadawul Advanced Solutions Company (Wamid). He was the CEO of CQS Mgt (Ltd.) and he previously worked as a CEO of the London Stock Exchanges Group (LSEG) from 2009 to 2017. While Xavier was heading the London Stock Exchange, the market capitalization of the exchange increased from GBP 800 Mn (USD 1.2 Bn) to GBP 14 Bn (USD 21 Bn). Prior to that, he worked at Lehman Brothers in New York as head of trading in global equities and derivatives. In London, he worked as head of European and Asian stocks. In Paris, he served as CEO of Lehman Brothers. He also joined the Credit Suisse First Bank in Boston as the global head of European stocks.

After graduating from the CEDGE School of Business with a Master's Degree in Administrative and Financial Sciences in 1981, Xavier worked as a Second Lieutenant and a Trainer at the French Air Force Academy. He received a Master of Business Administration from the Columbia College of Business and Graduate Studies in 1984. He also obtained a certificate from the Institute of Advanced Studies in National Defence in Paris in 2008.