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Dar Almarkabah for Renting Cars Co. Announces Resignation of a CEO and the appointment of a CEO and Managing Director
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Dar Almarkabah for Renting Cars Co. announces its decision issued on 11/14/1445 AH corresponding to 05/22/2024 AD to terminate the services of the company’s acting CEO, Mr. Hassan bin Bilal Al Zahrani, as of the date of this decision. The Board and all the employees would like to express their sincere gratitude and appreciation to Mr. HASSAN BELAL ALZAHRANI 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 appoint Mr. Saleh bin Bilal Al-Zahrani as CEO and Managing Director of the company, effective 11/14/1445 AH corresponding to 05/22/2024 AD. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | HASSAN BELAL ALZAHRANI |
| Resignation Acceptance Date | 2024-05-22 Corresponding to 1445-11-14 |
| Resignation Effective Date | 2024-05-22 Corresponding to 1445-11-14 |
| Reasons for Resignation | ending delegation |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | SALEH BELAL ALZAHRANI |
| Date of Board Resolution | 2024-05-22 Corresponding to 1445-11-14 |
| Date Work Commencement | 2024-05-22 Corresponding to 1445-11-14 |
| Brief Resume | Mr. Saleh Bilal Al-Zahrani holds a Bachelor's degree in Business Administration from North Lexington University in the United States. With over 20 years of extensive experience in business development, marketing, and sales, he has worked in a variety of companies, including ELM Company, Abdul Latif Jameel Company, and Al-Hamrani Company. Throughout his professional career, he has been actively involved in developing and implementing successful strategies to increase revenue, improve marketing, and enhance sales. |
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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