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Emaar, the Economic City Announces the Appointment of the Chairman of the Board of Directors, Vice Chairman, Board Secretary, the Formation of the Nominations and Remunerations Committee, and the Executive Committee that are Emanating from the Board of Directors
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the results of Emaar, the Economic City’s (“the Company”) Ordinary General Assembly meeting held on Monday 7 Muharram 1448AH corresponding to 22 June 2026 which included the election of the members of the Board of Directors for the new term that commenced on 26 June 2026 and will end on 25 June 2030. The Company would like to announce the Board of Directors’ resolution dated 13 Muhharam 1448AH corresponding to 28 June 2026, which includes the appointment of the Chairman of the Board of Directors, Vice Chairman, and the formation of the Nomination and Remuneration Committee and the Executive Committee emanating from the Board, as well as the appointment of the Board’s Secretary as follows: A. The Approval of appointing the Chairman and Vice-Chairman of the Company’s Board of Directors, and the Board formation will be as follows: 1. Eng. Muhannad Kusai AlAzzawi – Non- Executive Member – Chairman 2. Mr. Naif Saleh Alhamdan - Non-Executive Member – Vice-Chairman 3. Mr. Fahad Khalid AlSaud – Non-Executive Member 4. Eng. Mohammed Nabil Hefni – Non- Executive Member 5. Mr. Khalid Mansour AlSalman – Non- Executive Member 6. Mr. Fahad Saleh AlHathloul – Independent Member 7. Eng. Abdulraheem Abdullah AlTowaijri – Independent Member 8. Eng. Mustafa Akram Abuqube – Independent Member 9. Mr. Pawan Dhanraj Chindalia – Independent Member B. The Approval of forming the Nominations and Remunerations Committee (“NRC”) consisting of the following members: 1. Eng. Abdulraheem Abdullah AlTowaijri (NRC Chairman – Independent Board Member) 2. Mr. Fahad Khalid AlSaud (Non- Executive Board Member) 3. Mr. Khalid Mansour Alsalman (Non- Executive Board Member) 4. Dr. Mansour Almansour (Independent External Member) C. The Approval of forming the Executive Committee (“ExCom”) consisting of the following members: 1. Eng. Muhannad Kusai AlAzzawi (ExCom Chairman - Non-Executive Board Member) 2. Mr. Naif Saleh AlHamdan (Non- Executive Board Member) 3. Eng. Mohammed Nabil Hefni (Non- Executive Board Member) 4. Eng. Mustafa Akram Abuqube (Independent Board Member) 5. Mr. Nasser Alkawari (Independent External Member) D. Approval of appointing Mr. Abdulrahman Yasser Basyouni as Secretary of the Company’s Board of Directors. Additionally, the Board has issued its resolution to form the Audit Committee, which was announced seperately. |
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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