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Elm Company announces the Resignation of the CEO and new CEO Appointment
| Element List | Explanation |
|---|---|
| Introduction | Elm Company announces the Board of Directors resolution dated 27/12/1445, corresponding to 03/07/2024, to accept the resignation of Dr.Abdulrahman Saad AlJadhai from the position of CEO of the company, effective from 27/03/1446, corresponding to 30/09/2024. for personal reasons. The Board of Directors and all employees of the company extend their appreciation to Dr. Abdulrahman for leading the company over 12 years and for his fruitful efforts in growing the company business. His great services and distinguished leadership is appreciated and they wish him all success. The Board of Directors also announces its resolution to appoint Mr. Mohammad Abdulaziz Alomair as the CEO of the Company, effective from 28/03/1446, corresponding to 01/10/2024, due to his leadership experience and contribution to many achievements in digital transformation and building digital products. Mr. Mohammad has 23 years of experience in the market, most of which he spent at Elm Company, where he started working in the Marketing Department and then held several positions, the last of which was the CEO of Business Products group. He also holds a Master's degree in business administration from Strayer University and a bachelor's degree from the College of Computer Science at King Saud University. He participates in membership in a number of boards of directors, and his expertise focuses on product development, investment, and building business models and partnerships. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Dr. Abdulrahman Saad Aljadhai |
| Resignation Acceptance Date | 2024-07-03 Corresponding to 1445-12-27 |
| Resignation Effective Date | 2024-09-30 Corresponding to 1446-03-27 |
| Reasons for Resignation | Personal reasons |
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 1049.4
Net Change 9.4 (+0.9%)
Value Traded (Sar) 2,396,624.8
Volume Traded 2,292
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