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Riyadh Steel Co. Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Riyadh Steel Company announces that the Board of Directors have approved, in their resolution dated 27/04/2025, the resignation of Mr. Mohammed bin Abdullah Al-Saif (Board Member) upon his request. The members of the Board of Directors of Riyadh Steel Company extend their thanks and appreciation to Mr. Mohammed bin Abdullah Al-Saif for his contributions to the company during his membership, wishing him continued success. On the same date, the Board of Directors issued its resolution appointing Mr. Abdullah bin Mohammed Al-Saif as an independent member to replace Mr. Mohammed Al-Saif, in order to complete the current session of the Board, which ends on 17/01/2027 and Dr. Freah bin Ateeq Al-Shammary as an independent member to replace Mr. Ahmed bin Abdul Karim Al-Nafie, in order to complete the current session of the Board, which ends on 17/01/2027 AD. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mohammed Abdullah Al-Saif |
| Membership Type | Independent |
| Resignation Submission Date | 2025-04-27 Corresponding to 1446-10-29 |
| Resignation Effective Date | 2025-04-27 Corresponding to 1446-10-29 |
| Membership Starting Date for the Resigned Member | 2022-01-18 Corresponding to 1443-06-15 |
| Reasons of Resignation | At his request. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdullah bin Mohammed bin Abdullah Al-Saif. |
| Membership Type | Independent |
| Membership Start Date | 2025-04-27 Corresponding to 1446-10-29 |
| Brief Resume of the Appointed Member | A Financial Specialist at SABIC, with over 6 years of experience in financial control and performance management. He has extensive experience in financial analysis, consolidated reporting, organizational transformation support, and value creation through feasibility studies and economic models. He has led many strategic initiatives, dealing with international teams and government agencies. He holds a bachelor's degree in finance from Prince Sultan University and recently completed his master's degree in finance and accounting from IE University. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Freah bin Abdullah Ateeq Al-Shammary. |
| Membership Type | Independent |
| Membership Start Date | 2025-04-27 Corresponding to 1446-10-29 |
| Brief Resume of the Appointed Member | Holds a Doctorate in Shariah and Law and is a licensed lawyer. Serves on the boards of several companies and is an active member of various professional associations. Possesses extensive experience in preparing legal and Shariah studies and research, as well as in providing legal consultancy, drafting regulations, and preparing judicial pleadings |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-04-27 Corresponding to 1446-10-29 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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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