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Zamil Industrial Investment Company Announces the Resignation and Appointment of the CEO

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Introduction Zamil Industrial Investment Company Board approved the resignation of Abdulla Mohammed A. Al Zamil from his position as CEO due to his appointment as the Chairman of the Board of Directors. The resignation will be with immediate effect. On the other hand, the Board approved the appointment of Mohammed Ali A. Al-Sahib as CEO, effective May 8, 2022.

The Board of Directors extends its sincere appreciation and thanks to Abdulla Al Zamil for his efforts during his tenure as CEO, wishing him continued success.

Element ListExplanation
Name of the Resigned CEO Mr. Abdulla Mohammed A. Al Zamil
Resignation Acceptance Date 2022-05-08 Corresponding to 1443-10-07
Resignation Effective Date 2022-05-08 Corresponding to 1443-10-07
Reasons for Resignation Appointment as Chairman of the Board
Element ListExplanation
Appointment Type Appointment
Name of the CEO Mr. Mohammed Ali A. Al-Sahib
Date of Board Resolution 2022-05-08 Corresponding to 1443-10-07
Date Work Commencement 2022-05-08 Corresponding to 1443-10-07
Brief Resume Mohammed Ali Al-Sahib has an Executive MBA from King Fahd University of Petroleum and Minerals, as well as a BA in Business Statistics and Operations Management from the University of Denver in the United States. He has held a number of executive and management positions and has distinguished experience in the construction sector as well as management and business development strategies, with over 22 years of practical experience.

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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