Page 28 - KAEC PR REPORT - APRIL 2024

4/12/24, 12:57 PM Emaar EC appoints Abdulaziz Alnowaiser as CEO, effective May 1 - Eye of Riyadh

Mr. Fahad AlSaif, Chairman of EEC, commented, “The appointment of Mr. Alnowaiser as CEO is an important moment for both
EEC and KAEC as we pursue the implementation of our ambitious long-term strategy. His leadership skills and diverse

professional experience are precisely the attributes EEC and KAEC require to achieve their operational, financial and strategic
goals, and we are certain that his forward-thinking approach will drive meaningful progress for our development projects. We
would like to thank Eng. Cyril Piaia for his commitment and success in the role of CEO over the years, and we are delighted
that he will remain with us to continue to advise our new CEO."

The Board of Directors expresses its profound gratitude to Eng. Piaia for his outstanding leadership and contribution to ECC
and KAEC, and is confident that Mr. Alnowaiser will build on this solid foundation to propel the Company forward.

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