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Knowledge Economic City Announces the Appointment of an Acting CEO

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Introduction The Knowledge Economic City Company (“the Company”) announces its Board of Directors’ decision based on the recommendation of the Nomination Compensation Committee, appointing Mr. Mohammad Abdulhameed Almubarak as an Acting Chief Executive Officer, succeeding Eng. Sami Almakhdhoub, whose employment contract expires on 30 Sep 2021 as per the Company announcement on Tadawul on 3 Jun 2021.
Element ListExplanation
Appointment Type Delegation
Name of the CEO Mr. Mohammad Abdulhameed Almubarak
Date of Board Resolution 2021-09-27 Corresponding to 1443-02-20
Date Work Commencement 2021-10-01 Corresponding to 1443-02-24
Brief Resume Mr. Mohammed Almubarak has a distinguished professional career with extensive experience in real estate investment and development areas gained through working at well-established organizations, including Riyad Capital and the Capital Market Authority - CMA. He joined the Company as Chief Investment Officer since 2019.

Mohammad holds a master degree in finance from the University of Cambridge, UK and a bachelor of science in finance from King Faisal University. He also attended many specialized training programs and executive courses. In addition to his membership and participation in a number of professional committees.

The Capital Market Authority and the Saudi Stock 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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