On July 7, 2026, Wajd Life Trading Co. issued a correction announcement on the Saudi Exchange regarding its previously published disclosure dated November 10, 2025, which erroneously announced the appointment of Dr. Asem Khaled Alhomaidi and Abdulaziz Ali Al-Dammas as board members to fill vacant seats on its Board of Directors. The correction clarifies that said appointments were invalid, as they did not comply with the Company's Articles of Association, which stipulate that the Board shall consist of four (4) members — a composition that was already complete at the time, leaving no vacant seats to be filled. The Company has apologized to its shareholders and market participants for the error, affirming its commitment to applicable rules and regulations and its intention to take the necessary corrective actions.

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.