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Makkah Construction and Development Co. Announces Resignation of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Makkah Construction and Development Company announces the approval of the Board of Directors on 23/Dhul-Hijjah/1445 AH corresponding to 29/Jun/2024 AD to accept the resignation of Mr. Fahd Muhammad Al-Fawaz from the position of CEO, effective 01/Jul/2024 AD, due to his personal circumstances. The Board of Directors and employees of the company extend their sincere thanks and appreciation to Mr. Fahd Muhammad Al-Fawaz for his active role and fruitful efforts in improving the company’s performance during his presidency, wishing him success. The company will announce any developments regarding the appointment of a new CEO for the company in due course. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Fahd Muhammad Saleh Al-Fawaz |
| Resignation Acceptance Date | 2024-06-29 Corresponding to 1445-12-23 |
| Resignation Effective Date | 2024-07-01 Corresponding to 1445-12-25 |
| Reasons for Resignation | Personal circumstances |
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 89.5
Net Change 4.1 (+4.8%)
Value Traded (Sar) 10,775,149
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