The accounting records have been duly prepared.

The Internal Control System is well established and effectively implemented.

The Board of Directors has no doubt about stc’s ability to continue its activities.

The consolidated financial statements for the year ending on 31 December 2022 have been prepared in accordance with the International Financial Reporting Standards adopted in the Kingdom of Saudi Arabia and other standards and regulations approved by the Saudi Organization for Certified Public Accountants.

stc did not report any natural or legal person owning 5% or more of the shares issued in 2022.

No debt instruments were convertible into shares or option rights, warrants or similar rights issued or granted by stc in 2022.

There were no refunds, purchases or cancellations by stc in 2022 for any redeemable debt instrument.

There was no arrangement or agreement whereby a Board Director or a Senior Executive waived any salary or compensation.

There was no arrangement or agreement whereby a shareholder waived any rights to profits.

There was no contract to which stc was a party in which there was a substantial interest by a member of the Board, stc Group CEO, Group CFO, or any person linked to any one of them, other than what was disclosed in the General Assembly Meeting.

stc did not provide cash loans of any kind to Board Directors and did not guarantee any loan that one of them had borrowed from others.

There were no option rights or subscription rights exercised by Board Directors, Senior Executives, their spouses or their minor children.

stc External Audit has expressed their opinion without any reservations in 2022 consolidated financial statements.

There are no recommendations from the Audit Committee that there is a conflict between the Committee and the Resolutions of the Board of Directors, or the Board’s refusal to take them into account regarding the appointment of stc External Auditor, dismissing the firm, determining their fees and evaluating their performance or appointing the Internal Audit.

There was no competing business with the Company or any of its activities that any member of the Board is engaging in or was engaging in such competing businesses.