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Addendum Announcement from Yaqeen Capital Co. in regards to the resignation of the Chairman of the Board of Directors
| Element List | Explanation |
|---|---|
| Introduction | With reference to Yaqeen Financial Company's announcement of the resignation of its Chairman, Mr. Abdulmohsen Mohammed Al-Saleh, from his position as Chairman of the Board of Directors and from his membership on the Board of Directors and committees, due to personal circumstances. The Board of Directors decided, by circulation on 04/06/2025, to approve the resignation request of Mr. Abdulmohsen bin Mohammed Al-Saleh (non-executive member), effective 05/12/1446 AH (corresponding to 01/06/2025). The resignation request will be effective as of 05/12/1446 AH (corresponding to 01/06/2025). The Vice Chairman of the Board of Directors, Mr. Salman bin Abdulaziz bin Shaheen (non-executive member), for the Board's term beginning on 07/02/2024, will assume the powers and duties of the Chairman of the Board of Directors until a new Chairman is appointed. The Board of Directors of Yaqeen Company would like to extend its sincere thanks and gratitude to Mr. Abdulmohsen bin Mohammed Al-Saleh for his contributions during his term as Chairman, wishing him continued success. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-06-01 Corresponding to 1446-12-05 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Approval by circulation dated 06/04/2025 AD of the resignation request of Mr. Abdul Mohsen bin Muhammad Al-Saleh (non-executive member) effective from 12/05/1446 corresponding to 06/01/2025 AD, and the assumption by the Vice Chairman of the Board of Directors, Mr. Salman bin Abdulaziz bin Shaheen (non-executive member) for the Board’s term that began on 02/07/2024, of the powers and duties of the Chairman of the Board of Directors until the appointment of a new Chairman. |
| Financial Impact on the change | Non |
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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