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Electrical Industries Co. Announces Resignation of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Co. announces the issuance of the Board of Directors resolution on 14-2-2026 approving the resignation of Board Member Mr. Bader Brahim Alswailem (Non- Executive) from Board membership and Nomination and Remuneration Committee, due to the issuance of the Royal Order appointing him as Deputy Minister of Human Resources and Social Development. The Board of Directors extends its sincere thanks and appreciation to his highness Mr. Bader Brahim Alswailem for his outstanding efforts and valuable contributions during his membership in the Board, wishing him success and prosperity in his new position. The company will announce later on any developments related to the appointment of a new member in the vacant position in accordance with the applicable rules and regulations. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mr. Bader Brahim Alswailem |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-02-14 Corresponding to 1447-08-26 |
| Resignation Effective Date | 2026-02-14 Corresponding to 1447-08-26 |
| Membership Starting Date for the Resigned Member | 2024-12-09 Corresponding to 1446-06-08 |
| Reasons of Resignation | The issuance of the Royal Order appointing him as Deputy Minister of Human Resources and Social Development " For Social Develpment". |
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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