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Saudi Fisheries Co. Announces Resignation of a CEO and appointing Acting CEO

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Introduction advertisement

The Saudi Fisheries Company announces the Board’s approval, by passing on June 29, 2022 of the resignation of the CEO of the company, Engineer Walid bin Hamad bin Sulaiman Al-Buthi from his position due to his special circumstances, provided that the resignation will take effect as of July 1, 2022.

The Chairman and members of the Board thanked Engineer Walid bin Hamad bin Sulaiman Al-Buthi for all that he provided During his tenure as CEO of the company.

The Board also approved by passing on June 29, 2022 AD, the assignment of Mr. Awwad Aldasouqi, the CFO as an acting CEO of the company, starting from July 1, 2022, until further notice.

Mr. Awwad Farouk Al-Dasouqi holds a bachelor’s degree in Accounting from Al-Alhliya Amman University in 2000. He has diverse qualifications and experience in a number of fields and has more than 20 years of experience in agricultural companies (National Poultry, Delmonte Fresh American, Astra Food, ARASCO) during which he held top leadership and administrative positions.

Element ListExplanation
Name of the Resigned CEO Engineer Walid bin Hamad bin Sulaiman Al-Bathi
Resignation Acceptance Date 2022-06-29 Corresponding to 1443-11-30
Resignation Effective Date 2022-07-01 Corresponding to 1443-12-02
Reasons for Resignation special circumstances,
Element ListExplanation
Appointment Type Delegation
Name of the CEO Awwad Farouq Aldasouqi
Date of Board Resolution 2022-06-29 Corresponding to 1443-11-30
Date Work Commencement 2022-06-01 Corresponding to 1443-11-02
Brief Resume Mr. Awwad Farouk Al-Dasouqi holds a bachelor’s degree in Accounting from Al-Alhliya Amman University in 2000. He has diverse qualifications and experience in a number of fields and has more than 20 years of experience in agricultural companies (National Poultry, Delmonte Fresh American, Astra Food, ARASCO) during which he held top leadership and administrative positions

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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