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Saudi Real Estate Co. (“Al-Akaria”) announces the appointment of the CEO of the Company
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Introduction | Referring to the announcement made by Saudi Real Estate Co. (“Al-Akaria”) (The Company) on 28 May 2024 regarding the resignation of the CEO/Managing Director of the Company Mr. Ibrahim Alalwan. The Company would like to announce to its esteemed shareholders that the Board of Directors has assigned Mr. Khaled Al-Suhaybani, to the CEO position in addition to his current duties on 31 July 2024 and the effective date will be on 1 August 2024. The company will announce any developments regarding this event at the time. |
Element List | Explanation |
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Appointment Type | Delegation |
Name of the Appointed Person | Mr. Khaled Al-Suhaybani |
Date of Board Resolution | 2024-07-31 Corresponding to 1446-01-25 |
Date Work Commencement | 2024-08-01 Corresponding to 1446-01-26 |
Brief Resume | Mr. Khaled Al-Suhaybani holds a bachelor’s degree in economics and management from King Saud University and a master’s degree in business administration from De Montfort University. Mr. Khaled Al-Suhaybani now working as the Chief Commercial Officer of the company and His experience in the real estate and commercial sector extends for approximately 22 years, during which he held several executive and leadership positions in a number of real estate companies and funds. |
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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