Electrical Industries Company Announces the Opening of Nomination for the Board of Directors membership for the next term

Element List	Explanation
Introduction	EIC is pleased to announce to its shareholders the opening of nomination for the Board of Directors membership for the next term which begins on 10th of Sept. 2021 for 3 years ending on 9th Sept. 2024.

The nomination for Board membership for the next term, shall be in accordance with the provisions of the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority as well as the membership policy approved by the General Assembly.

Individuals wishing to nominate themselves for membership of the Board and who meet the membership conditions and standards must submit applications for their nomination within the specified period and in accordance with the details contained in this announcement

Nominated members will be elected during the upcoming General Assembly meeting, which will be announced later after obtaining the necessary approvals from the respective authorities.Type of AssemblyNew SessionAssembly Start Date2021-09-10 Corresponding to 1443-02-03Assembly End Date2024-09-09 Corresponding to 1446-03-06Number of members8Application Start Date2021-06-16 Corresponding to 1442-11-06Application End Date2021-07-15 Corresponding to 1442-12-05Applications Submission MethodThe applications should be delivered by hand or through express mail or by Email to the following address:

Electrical Industries Co. - First Industrial city Dammam – King Fahad Road

Attention: Secretary of the Board

P.O BOX 6033 - Dammam 31442

Telephone Number: (0138476112).

E- Mail: abdulall@eic.com.saApplication RequirementsAccording to the provisions governing Board Membership and stipulated in the Companies Regulations and the Corporate Governance Regulations, the conditions and procedures of Board membership nomination are as follow:

1- Fulfilment of the Board membership standards as stated in the Board membership policy approved by General Assembly (attached).

2- The candidate shall not be a board member of more than five listed Joint Stock Companies at the same time.

3- Submit form (1) CV (attached).

4- Submit a singed copy of form (3) issued by Capital Market Authority for board membership nomination (attached).

5- Statement of joint stock companies in which the candidate is still a member.

6- In case the candidate has previously held the membership of the board of EIC, he must attach a statement from the company's management regarding the last term of membership contains the following information:

- The number of board meetings that took place during each year of the term, the number of meetings attended by the member personally and the percentage of his attendance to the total meetings.

- Standing Committees in which the member participated, the number of meetings held by each committee during each year of the term, the number of meetings he attended personally and the percentage of his attendance to the total meetings.

- A summary of the financial results achieved by the company during the last term.

7- Attach a clear valid copy of the national ID.

Voting at the General Assembly meeting shall be only for those who nominate themselves for the board of directors in accordance with the above mentioned regulations.Candidate ConditionsAttached Documents

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.