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Almasane Alkobra Mining Company (AMAK) announces the Expiration of its Acting CEO's Employment Contract and Appointment of an Acting CEO.

1322
AMAK
4.05 %
1445/12/28     04/07/2024 16:05:50

Element ListExplanation
Introduction Almasane Alkobra Mining Company (AMAK) announces the end of the employment contract of Eng.Christopher Gerard Warwick, the Acting CEO of AMAK. where his last working date will be on 04/July/2024 AD

The Board of Directors decided on 28/12/1445 AH Corresponding to 04/July/2024 AD to appoint Eng. Nihat Soyer as an Acting CEO of the company starting from 04/07/2024 AD.

The Board of Directors extends their sincere thanks and appreciation to Eng.Christopher Gerard Warwick for his efforts throughout his work in the company, wishing him continued success.

Element ListExplanation
Name of the Resigned Person Eng. Christopher Gerard Warwick
Resignation Acceptance Date 2024-07-04 Corresponding to 1445-12-28
Resignation Effective Date 2024-07-04 Corresponding to 1445-12-28
Reasons for Resignation Expiration of the employment contract
Element ListExplanation
Appointment Type Delegation
Name of the Appointed Person Eng. Nihat Soyer
Date of Board Resolution 2024-07-04 Corresponding to 1445-12-28
Date Work Commencement 2024-07-04 Corresponding to 1445-12-28
Brief Resume Engineer Nihat Soyer is a Mining Engineer with more than 30 years of experience in the mining industry, covering many areas of mining including open pit and underground mine operations in many countries such as Turkey, Albania, Kyrgyzstan and Saudi Arabia. He studied mining engineering and obtained a bachelor’s degree (B.Sc.) in mining engineering from Middle East Technical University (METU)-Ankara, Turkey and master’s degree (M.Sc.) from the same university. Engineer Nihat is a registered professional engineer and member of MAusIMM (Australian Institute of Mining and Metallurgy and a member of SCE (Saudi Council of Engineers).

Engineer Nihat joined (AMAK) as Project Manager in 2018, and before that, he worked in different projects for international and Turkish companies for more than 25 years.

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 65.55
Net Change 2.55 (+4.05%)
Value Traded (Sar) 38,913,721.9
Volume Traded 603,348
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