Hayat Investment Company held its Extraordinary General Meeting (EGM) on Tuesday, 25 January 2022 and passed a resolution amending Article (15) of the Company's Articles of Association as follows: The majority of the members of the Board of Directors are non-executive members, and the board must include independent members, provided that at least 20% of the members of the Board of Directors are independent members. If there is a fraction in the result of calculating the ratio, the result is rounded to the nearest whole number. The number of independent members shall not exceed half of the members of the Board. All shareholders, individuals, or legal entities may cast their votes to elect board members pro rata to the number of shares they own. Shareholders who are represented on the Board of Directors may not participate with the other shareholders in the election of the remaining members of board members except within the remaining available limits for the appointment of their representatives. A group of shareholders may form a coalition with each other to appoint one or more representatives on the board of directors, pro rata to their combined ownership. These representatives shall have the same rights and duties as the elected members. Shareholders shall be responsible for the work of their representatives towards the company, creditors, and shareholders.