Saudi Home Loans Co. Announces Resignation of a Board Member

Element ListExplanation
Introduction The Saudi Home Loans Company announced the Resolution of the Board of Directors No: (6 – 2022) passed by circulation, accepting the resignation of Mr. Ahmed Al Sheikh, Independent member, from the Board of Directors of the Company.

The reasons of the resignation that Mr. Ahmed will be engaged in new position which might affect his independency as Company Board member.

The Chairman and Board members wish him all the best in his new position.

Further, the Board will act to appoint an independent member is the vacant seat before the expiration of the current Board Term, and if this is not possible, the Board will continue with its current membership until the announcement for the nomination of the new Board Term that will start as from 28th November 2022.

The Board will announce in due course the name of the substituted member to be nominated in the vacant seat after obtaining the approval as per Regulations.

Element ListExplanation
Resigned Member Name Ahmed Abdullah Al Sheikh
Membership Type Independent
Resignation Submission Date 2022-06-30 Corresponding to 1443-12-01
Resignation Acceptance Date 2022-07-06 Corresponding to 1443-12-07
Resignation Effective Date 2022-07-06 Corresponding to 1443-12-07
Membership Starting Date for the Resigned Member 2021-12-16 Corresponding to 1443-05-12
Reasons of Resignation Engaged in new position

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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