Horizon Food Co. Announces Resignation and Appointment of a Board Member

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1445/03/03     18/09/2023 08:21:59

Element ListExplanation
Introduction Horizon Food Company announces the issuance of the Board of Directors’ decision on 09/17/2023 to accept the resignation of Mr. Hatem bin Ali Bargash from the position of Board Member (independent)

Mr. Khaled bin Mohammed Al-Aboudi was also appointed as a member of the Board of Directors (independent) starting from 09/18/2023 until the end of the current Board session.


The company, represented by its Board of Directors, would also like to extend its sincere thanks to Mr. Hatem bin Ali Bargash for what he provided during his tenure as a member of the Company’s Board of Directors, wishing him success and prosperity.

Element ListExplanation
Resigned Member Name Hatem bin Ali Bargash
Membership Type Independent
Resignation Submission Date 2023-09-11 Corresponding to 1445-02-26
Resignation Acceptance Date 2023-09-17 Corresponding to 1445-03-02
Resignation Effective Date 2023-09-17 Corresponding to 1445-03-02
Membership Starting Date for the Resigned Member 2022-03-01 Corresponding to 1443-07-28
Reasons of Resignation personal circumstances
Element ListExplanation
Appointed Member Name Khaled bin Muhammad Al-Aboudi
Membership Type Independent
Membership Start Date 2023-09-18 Corresponding to 1445-03-03
Brief Resume of the Appointed Member Professor Khaled has more than 35 years of experience in the government sector and regional and international development institutions in the finance and private sector development sectors, as well as food security strategies and implementing qualitative investments in food security in several countries on different continents in the world.

Holds :

Bachelor’s degree in Economics 1981 - King Saud University

Master's degree in Economics 1987 - Northwestern University in the United States of America

His practical experiences:

Ministry of Finance and National Economy

As an economic researcher, he rose to several positions until he reached the supervision of the management of international financial institutions at the Ministry’s Agency for International Cooperation and Economics.


International Bank Group for Reconstruction and Development

Assistant to the Executive Director and then Alternate Executive Director of the Queen on the Group’s Board of Directors


Public Investment Fund

Chief economist


Islamic Corporation for the Development of the Private Sector (one of the Islamic Development Bank Group)

As Deputy CEO and then CEO


General Grain Corporation

Member of the Board of Directors


Saudi Agricultural Investment and Animal Production Company (SALIC) Managing Director (2018-2019)

Member of the Board of Directors and Chairman of the Executive Committee (2016-2019)

Member of the Investment Committee (2002-2019)

Agricultural Development Fund

Member of the Board of Directors


Namal Social Investment Company

Member of the Board of Directors

Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2023-09-17 Corresponding to 1445-03-02
Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval
Attached Documents  

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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