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Correction announcement from Dar Albalad for Business Solutions Co. Regarding the Appointment of a Board Member.
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-08-17 Corresponding to 1448-03-04 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Dar Al-Balad for Business Solutions announces the Board of Directors' resolution issued on 03/03/1448 AH (corresponding to 16/08/2026 G) approving the appointment of Eng. Bassam bin Ibrahim bin Salamah as an Executive Director to fill the vacant seat on the Board of Directors, effective from the date of the resolution until the end of the current Board term. This appointment shall be presented to the first General Assembly meeting for endorsement. Furthermore, the Board resolved to appoint Eng. Bassam bin Ibrahim bin Salamah as Managing Director, succeeding Eng. Abdulaziz bin Ibrahim bin Salamah, who will continue to serve as a Non-Executive Director on the Board of Directors at his own request. |
| Correct Statement | The new board member will be elected by the General Assembly to fill the newly created position by calling for nomination for the board of directors membership. Accordingly, the number of appointed members in the board will remain five until calling for nomination to appoint the sixth member in the newly created position. Furthermore, Eng. Abdulaziz bin Ibrahim bin Salamah will continue as Managing Director as previously. In the event that the Board of Directors decides to appoint a new member in the new position, the call for nominations will be announced later. |
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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