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Jabal Omar Development Co. Announces Resignation and Appointment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Jabal Omar Development Company announces its Board of Directors resolution dated 7-5-2024G corresponding to 28-10-1445H, to accept the resignation of Mr. Khalid Mohammed Al Amoudi from his position as CEO to continue his professional career. The resignation will be effective from 30-5-2024G The Board and all the employees would like to express their sincere gratitude and appreciation to Mr. Khalid Al Amoudi for his role and exceptional efforts in improving the performance of the Company during his presidency, wishing him all the best of luck and success. The Board also decided to delegation Mr. Saad Mushabab bin Aiban to the position of CEO, effective from 31-5-2024G corresponding to1445 -11-23 H |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Khalid Mohammed Al Amoudi |
| Resignation Acceptance Date | 2024-05-07 Corresponding to 1445-10-28 |
| Resignation Effective Date | 2024-05-30 Corresponding to 1445-11-22 |
| Reasons for Resignation | Continue his professional career |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Saad Mushabab bin Aiban |
| Date of Board Resolution | 2024-05-07 Corresponding to 1445-10-28 |
| Date Work Commencement | 2024-05-31 Corresponding to 1445-11-23 |
| Brief Resume | Mr. Saad holds the position of Chief Project Management Division at Jabal Omar Development Company since 2021. He has more than 38 years of experience in the field of mega project management, including several positions, among which, the Vice President of Projects at Maaden Company, the Director of Contracts and Procurement for Mega Projects in SABIC Companies, and key positions in American Petrocon with Aramco. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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