Rbs Amp; Abdulrahman Auditing

[Joslyn Moreci]

TheNR & EC is delegated powers and authority to facilitate the smooth running of the operations of the Company and exercise all the responsibilities of the Board which are beyond the authority of the management and within the limits set out in the Manual of Authority approved by the Board. The Committee also assists the general meeting in the nomination of proficient directors and the election of the fit for the purpose, assist the Board in selecting the appropriate and necessary executives, provide succession planning for the executive management and Board chairman and fixing the appropriate remuneration and incentives for the executive management.

The NR & EC is governed by the terms of reference (Charter) approved by the Board. The working plan of the

committee is approved by the Board every year.

The Audit Committee is constituted in accordance with the provision of the Regulation for Public Joint Stock Companies issued by Financial Services Authority (FSA). Audit Committee Chairman is an Independent Director and majority of the members are Independent Directors. All the members are experienced and have sound knowledge of risk management, governance, finance and accounting. The terms of reference (Charter) of the Audit Committee are in accordance with the Regulation for Public Joint Stock Companies issued by FSA. The working plan of the committee is approved by the Board every year.

Masoud Al Harthy possesses a very solid experience in many fields including mining, manufacturing and infrastructure (drilling and blasting) industries with a track record of successfully establishing both local and regional projects (both green and brown field projects) He is currently the Chairman of Al Anwar Investments SAOG, Al Maha Ceramics SAOG, FIPCO SAOC in addition to being Board member in several other Companies.

Previously, he held many senior positions such as Chief Executive Officer of Oman Investment & Finance Co. SAOG, General Manager of Damac Holding in U.A.E, Group General Manager Truck Oman LLC, and a Petroleum Engineer post in Petroleum Development Oman (PDO).

He is currently the Vice Chairman of the Board of Al Anwar Investments SAOG, the Vice Chairman of Al Maha Ceramics SAOG, the Vice Chairman of Oman Chlorine SAOG, and a Board member in Arabia Falcon Insurance Company SAOG and Cactus Premier Excavation Services Company SAOC. He is also a member of General Secretaire of the Tender Board of Oman.

As Chairman of Al Binaa Constructions & Industry SAOC and Deputy Chairman of Al Khonji Real Estate Development SAOC (AQAR), Oman Hotels & Tourism Co. SAOC, Desert Night Resort SAOC, and Al Sharqiya Hotels & Tourism Co. SAOC, where Mr. Qaboos performs key leadership roles. He also serves as a Board Member for Al Anwar Industrial Investments SAOC. Furthermore, Mr. Qaboos holds the positions of Deputy Chairman for Al Khonji Group LLC and Al Khonji Invest LLC.

In his past roles, Mr. Qaboos served as General Manager at Moosa Abdul Rahman Hassan & Co. from 2000 to 2002. He also held the position of Deputy Chairman of the Board at OIFC SAOG from 2008 to 2014.

He has previously held positions as a board member in Oman Aviation Services Company SAOC and Emirates Investment Holding Company SAOG. He served as Vice Chairman of the Board of Directors of Raysut Cement Company SAOG and was a member of the Board of Directors of the Oman Chamber of Commerce and Industry.

He represented the Chamber in the Union of Arab Banks and the ESCWA organization in Beirut. Additionally, he held the role of honorary treasurer in OCCI and chaired the Banking and Investment Committee within the Chamber. He was also a member of the Temporary Committee for Economic Diversity in the Central Bank of Oman and served on the Board of Directors of Literacy & Ministry of Education. Moreover, he held the position of Vice Chairman of the Board of Directors of the Gulf Plastic Company and served as a member of the Board of Directors of Global Computer Services LLC (Globcom). He represented OCCI in the Arab League and the Union Economic Council. Furthermore, he was a board member in Oman Packaging Company SAOG.

Faisal Al Yousef is the CEO of Al Yousef Group LLC(AYG). He joined the group after working with Ernst & Young (Chartered Accountants) in Oman and the UAE as an Audit specialist. He is a Fellow of Chartered Certified Accountant (ACCA, UK) and also holds an Executive MBA from Oxford university (Said Business School) a BSc in Economics from SOAS (University of London), UK. He also holds an Advance Diploma in insurance from the Bahrain Institute of Banking and Finance. Faisal Al Yousef represents AYG on the boards of various investee companies, including Chairman of Muscat Finance, Chairman of Al Ruwad International for Education Services and Deputy Chairman of Cactus Premier Drilling Services and Truck Oman Oil and Gas Services and a Board member of Bank Dhofar, and Al Anwar Investments. He is also the Executive Director of Muscat Electronics. Throughout Faisal Al Yousef's career he was involved with at least three green field projects. Two of these are today listed on the Muscat Stock Exchange. Faisal Al Yousef brings with him two decades of experience in banking and finance and insurance and investments through his participation as a past Board Member and investor representative of various companies.

He is Chartered Financial Analyst (CFA) and holds a Bachelor's degree in Finance from Sultan Qaboos University. He has more than 18 years of experience in investment management and corporate advisory. Prior to joining Al Anwar Investments, he held the position of Acting Senior Manager at the

Oman Investment Authority.

Mr. Khalid is a director in National Biscuit Industries Ltd SAOG, National Detergent Co SAOG, Voltamp Energy SAOG, and Al Ruwad International for Education Services SAOC. He also held directorship in several companies such as RAK Ceramics, Al Hosn Investment Company, Oman Growth Fund, Oman & Emirates Investment Holding Company, Ubar Capital, United Finance and Gulf Mushroom Production Company and Oman Chlorine SAOG.

Dhiraj Chidwal is a Chartered Accountant with accreditations from the Institute of Chartered Accountants of India and Certified Public Accountant (CPA) from USA. He has more than twenty-two years of experience in the field of Internal Audit, Finance and Accounting. Prior to Al Anwar, he worked for one of leading private bank in India as Chief Manager, Internal Audit. He has extensive experience in the Internal Audit of Banking and Finance sector.

Has more than 29 years of experience in insurance, management, HR, administration and corporate governance and compliance. Holds General Diploma certificate and certificate in Human Resource Management. He Attended several training courses, workshops in various fields like Governance and compliance, HR, Executive Management skills, effective leadership and other areas. Also attended many conferences and seminars organized by Muscat Stock Exchange, Financial Services Authority, Omani Securities Association, Oman Centre for Governance and Sustainability and other government and private bodies. He is currently a board member in Al Anwar Hospitality SAOC. Held previously directorship in Al Anwar Industrial Investments SAOC. He also has extensive experience in establishing companies in all their legal forms.

Ahmed Ibrahim boasts an MBA in Financial Markets from the Institute for Market Studies (IEB Spain) and a Bachelor of Commerce from Zaqaziq University (Egypt). With a robust career spanning 24 years across banking, advertising, detergent manufacturing, and investment companies, he brings a wealth of expertise to the table. His forte lies in meticulously overseeing and optimizing financial and treasury operations.

The Company does not have any foreign Global Depository Receipts (GDR) / American Depository

Receipts (ADR) / Warrants or any other instrument of any type issued to public or institutional

investors or any other class of investors.

BDO LLC, the statutory auditors of the Company, have been operating in the Sultanate of Oman since 1976. BDO LLC is an independent and legally distinct member firm of BDO International Limited. BDO, one of the leading professional services firms, providing industry focused Assurance, Tax and Advisory services, has over 111,000 employees working in a global network of 1,800 offices situated in 164 countries and territories.

BDO LLC is accredited by the Financial Services Authority to audit publicly listed joint stock companies (SAOGs) in Oman. The fees for auditing the financial statements for the year ended March 31, 2024 and the report on compliance with the corporate governance law amounted to OMR 8,000.

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