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Saudi Fisheries Co. Announces Resignation and Appointment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Fisheries Company announces the approval of the board on 14-04-2024 AD to relieve the CEO of the company, Mr. Awad Farouk Al-Desouki, from his position, effective from 15-04-2024 AD. Furthermore, the board approved on 14-04-2024 AD the appointment of Mr. Mahmoud Abdul-Hay Abu Aqeel will carry out executive management work until a new CEO is appointed for the company. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Awad Farouk Al-Desouki |
| Resignation Acceptance Date | 2024-04-14 Corresponding to 1445-10-05 |
| Resignation Effective Date | 2024-04-15 Corresponding to 1445-10-06 |
| Reasons for Resignation | Relief |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Mahmoud Abdul-Hay Abu Aqeel |
| Date of Board Resolution | 2024-04-14 Corresponding to 1445-10-05 |
| Date Work Commencement | 2024-04-15 Corresponding to 1445-10-06 |
| Brief Resume | He possesses over 17 years of experience in the food and agriculture sectors, reflecting deep knowledge and diverse experience in both fields. He has served as the Chief Financial Officer and Financial Controller at Saudi Fisheries Company since joining the company in 2022. He has also held the position of Chief Accountant at both Arab Agricultural Services Company (ARASCO) and Abdulrahman Saad Al Rashid Company (ARTAR), preceded by his role at Arab Finance and Trade Company (ASTRA). |
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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