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Saudi Ceramic Co. Announces Resignation and Appointment of a CEO

2040
SAUDI CERAMICS
0.12 %
1445/02/20     05/09/2023 08:13:57

Element ListExplanation
Introduction Saudi Ceramics Company announces the decision of the Board of Directors of the Company dated 19 Safar 1445 AH corresponding to September 4, 2023 accepting the resignation of Eng. Majid bin Abdullah Al-Issa from his position as CEO of the Company, effective from September 17, 2023 due to his personal circumstances. He will continue as a member of the Board of Directors and a member of the Executive Committee.

The Board of Directors approved the appointment of Eng. Azzam bin Saud Al-Mudaihim as CEO of the company effective from September 17, 2023. The Chairman and members of the Board of Directors and all employees of the Company extend their sincere thanks and appreciation to Eng. Majid bin Abdullah Al-Issa for all his efforts during his tenure as Company's CEO. Wishing him continued success.

Element ListExplanation
Name of the Resigned CEO Eng. Majid Abdullah Al-Issa
Resignation Acceptance Date 2023-09-04 Corresponding to 1445-02-19
Resignation Effective Date 2023-09-17 Corresponding to 1445-03-02
Reasons for Resignation Due to personal circumstances
Element ListExplanation
Appointment Type Appointment
Name of the CEO Eng. Azzam Saud Al-Mudaihim
Date of Board Resolution 2023-09-04 Corresponding to 1445-02-19
Date Work Commencement 2023-09-17 Corresponding to 1445-03-02
Brief Resume Eng. Azzam Saud Al-Mudaihim has more than 25 years of diversified experience in the business sector, where he held several leadership positions in a number of companies, most notably the CEO of Abu Nayyan Trading Company and the CEO of Shaker Group, in addition to other positions and membership in several boards of directors.

Eng. Azzam Al-Mudaihim holds a bachelor's degree in mechanical engineering from King Saud University and has a number of specialized certifications.

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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Last Price 33.34
Net Change 0.04 (+0.12%)
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