On August 19, 2026, Dar Albalad for Business Solutions Co. issued a correction announcement regarding a previously published board member appointment disclosure dated August 17, 2026. The correction clarifies that, contrary to the previous announcement, no new board member has been appointed by the Board of Directors; instead, a new member will be elected by the General Assembly through a formal nomination process to fill the newly created position. The number of appointed board members will remain at five until the nomination process is completed, and Eng. Abdulaziz bin Ibrahim bin Salamah will continue to serve as Managing Director as previously, not as a Non-Executive Director. A call for nominations will be announced at a later date should the Board decide to proceed with appointing a sixth member.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.