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Riyadh Development Company announces the appointment of a member to the vacant seat on its Board of Directors
| Element List | Explanation |
|---|---|
| Introduction | Riyadh Development Company announces the decision of its Board of Directors dated 06/11/1445 AH corresponding to 12/24/2023 AD to appoint Mr. Abdul Rahman bin Ayedh Al-Qahtani as a member of the Board of Directors (independent) to fill the vacant seat on the Board, to complete his term that ends on 06/24/2025 AD. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdul Rahman bin Ayedh Al-Qahtani |
| Membership Type | Independent |
| Membership Start Date | 2023-12-24 Corresponding to 1445-06-11 |
| Brief Resume of the Appointed Member | Mr. Abdul Rahman bin Ayedh Al-Qahtani holds a bachelor’s degree in financial management from Prince Muhammad bin Fahd University in 2018, in addition to completing several courses and workshops that enhanced his skills and specialization in the field. As of 2021, he currently holds the position of CEO and Managing Director of Bisan Commercial and Real Estate Investment Company. He has also held a seat on the Board of Directors of Sumou Holding Company since 2019. He has also served as a member of the Board of Directors of the Murooj Jeddah Suburb Company since 2020. In addition, he has been a member of the Board of Directors of Atar Holding Company since 2019. |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2023-12-24 Corresponding to 1445-06-11 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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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