Addendum Announcement from SISCO Holding Co. Regarding the Resignation of a Board Member

SISCO Holding Co. has issued an addendum clarifying the circumstances surrounding the recent resignation of one of its board members. The company stated that the departure stems from a temporary prohibition on working with entities under the supervision of the Capital Market Authority. The restriction lasts six months and takes effect from the date of a decision issued by the Appeal Committee for the Resolution of Securities Disputes.

What the company clarified

• The resignation is linked to a six-month prohibition related to roles within organizations overseen by the Capital Market Authority.
• The prohibition begins on the date specified in the decision issued by the Appeal Committee for the Resolution of Securities Disputes.
• The company indicated there is no financial impact resulting from this change.

Timeline

According to the addendum, the company had previously disclosed a development on 21 May 2026, corresponding to 4 Dhu al-Hijjah 1447. The latest notice serves to update stakeholders on the specific reason for the board member’s resignation and the effective period of the prohibition.

Why this matters for stakeholders

Transparent governance actions—especially those involving board composition—are central to investor confidence and sound corporate stewardship. By specifying the regulatory basis and duration of the restriction, the company provides clarity to shareholders, partners, and employees about the nature of the change and its limited time frame.

The company has also stated that the resignation does not carry a financial impact for the business. While personnel changes at the board level can prompt questions about continuity, the absence of a reported financial effect suggests day-to-day operations and strategic priorities remain intact.

Context and outlook

Regulatory decisions affecting board eligibility are not uncommon in maturing markets. Clear communication around such decisions helps maintain market stability and supports long-term governance credibility. As is customary, any further updates related to board composition or committee assignments would be expected to follow established disclosure practices to ensure stakeholders remain fully informed.

For now, the key points are the defined six-month timeframe, the regulatory context provided, and the company’s assertion that the change does not alter its financial position.