Decision No. (7) of 2023 We, SAUD BIN SAQR BIN MOHAMED AL QASSIMI, Ruler of Ras Al Khaimah Pursuant to the Emiri Decree number 12 of 2015 as amended regarding the establishment of RAK International Corporate Centre, Decision number 14 of 2021, And for the public interest, We decided as follows: Article (1) The Board of Directors of RAK International Corporate Centre (the “Board”) shall be re-formed under the chairmanship of Shaikh Mohamed Humaid Abdulla Al Qasemi and the membership of the following directors: 1- Mr. Abdulrahim Mohammed Al Awadhi Member 2- Mr. Sameer Al Ansari Member 3- Mr. Ramy Mustapha Jallad Member 4- Mr. Warren Roy Luyt Member Article (2) The Board shall assume general supervision and control over the management and operations of RAK International Corporate Centre and shall approve its policies and regulations in accordance with the best international standards. Article (3) The Board meets upon invitation of the Chairman, or on the Chairman’s behalf, once every three months. However, a meeting of the Board may otherwise be called by the Chairman or the deputy chairman at any time if needed. Article (4) Board decision are issued by majority of the votes of its members. In the event of a tie, the Chairman vote shall prevail. Article (5) The Board term shall be three years. Such term may be renewed by a decision of the Ruler or his representative. Even after the expiry of its term, the Board shall continue to exercise its powers, and its resolutions shall remain valid, until appointment of a new board. Article (6) The Ruler or his representative may dissolve the Board, replace it, re-form it, or replace some of its members at any time. Article (7) Any text in contradiction herewith shall be deemed null and void. Article (8) This decision shall take effect from the date of its issuance and shall be published in the official gazette. SAUD BIN SAQR BIN MUHAMMED Al QASIMI Ruler of Ras Al Khaimah Emirate Issued on 6th Ramadan of 1444 H. Corresponding to 28th March of 2023 AD.