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Sadr Logistics Co. Announces the end of the Assigned of the designated CEO and the appointment of a CEO for the company.
| Element List | Explanation |
|---|---|
| Introduction | Sadr Logistics Company announced the issuance of the Board of Directors’ decision on 14-9-2023 approving the appointment of Eng. Majid Abdullah Al-Issa as CEO as of 17-9-2023 And the end of the assignment Mr.Bandar Mohammed Al-Samaani With the tasks of the CEO, with his continuation as the Managing Director of the Board of Directors,The Board of Directors extends its sincere thanks to Mr.Bandar Mohammed Al-Samaani for the efforts he made throughout the period of his assignment as CEO of the company and wishes him continued progress and success. |
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | Bandar Mohammed Al-Samaani |
| Resignation Acceptance Date | 2023-09-14 Corresponding to 1445-02-29 |
| Resignation Effective Date | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons for Resignation | End of the of assuming the CEO. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the CEO | Majid Abdullah Al-Issa |
| Date of Board Resolution | 2023-09-14 Corresponding to 1445-02-29 |
| Date Work Commencement | 2023-09-17 Corresponding to 1445-03-02 |
| Brief Resume | Eng. Majid Abdullah Al -Issa holds a bachelor's degree in chemical engineering from King Saud University and a higher degree in industrial administration from University of Cambridge. Eng. Majid Abdullah Al-Issa has extensive experience in the business sector for more than 23 years, through holding a number of leadership positions. He also worked before that in the presidency of a number of industrial companies. He also served as a member of the boards of directors of many listed and unlisted companies, and the last position he held was the position of CEO For Saudi Ceramic Company. |
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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