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Ash-Sharqiyah Development Co. Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Asharqiyah Development Company announces the resignation of Board Member and Chairman of the Nominations and Remuneration Committee, Dr. Khalid bin Majid Al-Rasheed, from his position, effective 05/01/2024 due to his special circumstances. The Council also decided to appoint Mr. Mohammed bin Ibrahim Al-Amer (a member of the Board of Directors and the Nominations and Remuneration Committee) to the vacant position in the Council membership, effective from 05/01/2024, in order to complete the current session of the Council, which ends on 07/19/2027. The Council’s approval is no. It is considered final and this appointment will be presented to the first meeting of the General Assembly for approval The Board of Directors extends its sincere thanks and appreciation to Dr. Khaled Al-Rasheed for the efforts he provided during his tenure as a member of the Board. The Board also wishes success and payment to Mr. Muhammad Al-Amer. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Dr. Khaled Majid Al-Rasheed |
| Membership Type | Independent |
| Resignation Submission Date | 2024-05-01 Corresponding to 1445-10-22 |
| Resignation Effective Date | 2024-05-01 Corresponding to 1445-10-22 |
| Membership Starting Date for the Resigned Member | 2023-07-20 Corresponding to 1445-01-02 |
| Reasons of Resignation | Private reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Muhammad Ibrahim Al-Amer |
| Membership Type | Independent |
| Membership Start Date | 2024-05-01 Corresponding to 1445-10-22 |
| Brief Resume of the Appointed Member | Certificates: Master’s degree in commercial law from Dar Al Uloom University 2017 Bachelor’s degree in Sharia from Imam Muhammad bin Saud Islamic University 2013 Of experience : Counsel Education and Training Evaluation Commission 2014 to date |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-05-01 Corresponding to 1445-10-22 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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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