Saudi Industrial Services Company (SISCO) announced the resignation of Eng. Mohammed Al Mudarres from his position as CEO, due to his desire to move to his own business. Eng.

Mohammed Al Mudarres will continue to serve as a consultant on some of SISCO subsidiaries and associate companies, and a special advisor to the company's Board of Directors. The Board of Directors approved the resignation and future assignment by circulation on October 17, 2022. The Board of Directors express their thanks and gratitude to Eng.

Mohammed Al Mudarres for his efforts and effective contribution during his tenure as CEO for the last 15 years and wishes him continued success and prosperity. The Board also approved the appointment of Eng. Khalid Suleimani as Chief Executive Officer as of November 01, 2022.

Eng. Khalid Suleimani holds a master's degree in electrical and computer engineering from the University of Colorado (USA) and the General Securities Qualification Certificate (CME-1) from the Capital Market Authority and is a licensed consultant by the Saudi Council of Engineers, and a licensed professional consultant in information technology from the Ministry of Commerce. Eng.

Khalid has over 25 years of experience in the investment field.