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Fawaz Abdulaziz Alhokair Co. (CENOMI RETAIL) ANNOUNCES RESIGNATION OF THE CEO AND APPOINTMENT OF NEW ACTING CEO

4240
CENOMI RETAIL
6.79 %
1445/08/11     21/02/2024 15:39:24

Element ListExplanation
Introduction Fawaz Abdulaziz Alhokair Co. (Cenomi Retail) announces that the Board of Directors has accepted the resignation of Cenomi Retail CEO, Dr Gunther Helm, for personal reasons, effective from 29th February 2024.

On this occasion the Board of Directors and the employees of the Company extend their gratitude to Dr Gunther Helm.

The Board of Directors has also approved the appointment of Mr Salim Fakhouri as acting CEO of Cenomi Retail effective 1st March 2024.

Element ListExplanation
Name of the Resigned Person Gunther Helm
Resignation Acceptance Date 2024-02-21 Corresponding to 1445-08-11
Resignation Effective Date 2024-02-29 Corresponding to 1445-08-19
Reasons for Resignation Personal Reasons
Element ListExplanation
Appointment Type Delegation
Name of the Appointed Person Salim Fakhouri
Date of Board Resolution 2024-02-21 Corresponding to 1445-08-11
Date Work Commencement 2024-03-01 Corresponding to 1445-08-20
Brief Resume With over two decades of fashion retail experience across MENA, Mr Salim Fakhouri has been CEO – Fashion for Cenomi Retail since November 2021. Prior to that served as President of the Fashion Division for Azadea Group Holding.

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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Key Parameters
Last Price 13.37
Net Change 0.85 (+6.79%)
Value Traded (Sar) 94,889,241.07
Volume Traded 7,291,706
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