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Thobe Al-Aseel Company Announces CEO Resignation and Appointment of Acting CEO
| Element List | Explanation |
|---|---|
| Introduction | Thobe Al-Aseel Company announces the approval of the Board of Directors on June 5, 2024 (corresponding to 28 Dhul-Qi'dah 1445 AH) to accept the resignation of Mr. Ahmed Saleh Al-Sultan from his position as Chief Executive Officer, effective June 13, 2024, for personal reasons. The Board of Directors expresses its gratitude and appreciation to Mr. Ahmed Al-Sultan for his effective role and fruitful efforts in improving the company's performance during his six-year tenure as CEO, wishing him success and prosperity. The Board also decided to appoint Mr. Abdulrahman Saeed Al-Maleh as Acting CEO, effective June 14, 2024 (corresponding to 8 Dhul-Hijjah 1445 AH). |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Ahmed Saleh Al-Sultan |
| Resignation Acceptance Date | 2024-06-05 Corresponding to 1445-11-28 |
| Resignation Effective Date | 2024-06-13 Corresponding to 1445-12-07 |
| Reasons for Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Abdulrahman Saeed Al-Maleh |
| Date of Board Resolution | 2024-06-05 Corresponding to 1445-11-28 |
| Date Work Commencement | 2024-06-14 Corresponding to 1445-12-08 |
| Brief Resume | Mr. Abdulrahman Al-Maleh has held the position of Sales Director at Thobe Al-Aseel Company since September 2018. He has over 25 years of experience in various multinational and local companies in the fields of sales and marketing. |
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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