Al Hokair Group's Audit Committee Resolution No. (01/2023)

Al Hokair Group’s Audit Committee Resolution No. (01/2023)

According to the Audit Committee’s authority in accordance with Corporate Governance regulations “article “52”. The Audit Committee in its meeting held on Monday 27/03/2023 corresponding to 05/09/1444 AH.

The Audit Committee has reviewed the submitted offers by the auditing firms as shown in the below table, to review the company’s interim financial statements for Q2 and Q3 / 2023, Q1, 2024 as well as to audit the company’s financial statements for the year ending 31 December 2023.

Details PKF BDO PWC Crowe

Horwath

Baker Tilly MKM 1 Audit for the year ending 31

Dec. 2023 645,000 470,000 840,000 600,000 1,500,000

2 Quarter Reviews (3

Quarters) (SAR) 80,000 80,000 100,000 60,000 75,000

3 Related Parties Transactions

Report (SAR) 20,000 45,000 60,000 10,000 50,000

4 Total (with 3 quarters

review) (SAR) 905,000 755,000 1,200,000 790,000 1,775,000

After discussion, deliberation, and exchange of views. The Audit Committee decided the following:

First:

The Audit Committee recommends to the Board of Directors to nominate the BDO and PKF.

Second:

To be presented to general assembly of the shareholders as per the applicable laws and regulations in order to vote on the appointment one of them, to review the company’s interim financial statements for Q2 & Q3/2023, Q1, 2024 as well as to audit the company’s financial statements for the year ending 31 December 2023. With the Audit Committee’s recommendation to appoint BDO.

Ramzi Abu Khadra Amr Al Jallal Suliman Al Quhidan

Audit Committee Chairman Member Member