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Horizon Food Co. Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| 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 List | Explanation |
|---|---|
| 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 List | Explanation |
|---|---|
| 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. (1981-1995) 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 (2000-1995) Public Investment Fund Chief economist (2001-2000) Islamic Corporation for the Development of the Private Sector (one of the Islamic Development Bank Group) As Deputy CEO and then CEO (2001-2018) General Grain Corporation Member of the Board of Directors (2016-2022) 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 (2015-present) Namal Social Investment Company Member of the Board of Directors |
| Element List | Explanation |
|---|---|
| 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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