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Jabal Omar Development Co. Announces Resignation and Appointment of a Board Member

Element ListExplanation
Introduction Jabal Omar Development Company announces that the Board approved the resignation of Dr. Abdulraouf M. Mannaa, and the appointment of Mr. Saleh Abdullah Alzumai as a member of the Board of Directors. On this occasion, the board extends its sincere thanks to DR. Abdulraouf Mannaa for his efforts during his term of membership in the board and for taking the initiative to resign to serve the best interest of the company and its shareholders. The Board also welcomes Mr. Mr. Saleh Alzumai as a member of the Board of Directors, wishing him success.
Element ListExplanation
Resigned Member Name Abdulraouf Muhammad Mannaa
Membership Type Non- Executive
Resignation Submission Date 2022-08-25 Corresponding to 1444-01-27
Resignation Acceptance Date 2022-08-25 Corresponding to 1444-01-27
Resignation Effective Date 2022-08-25 Corresponding to 1444-01-27
Membership Starting Date for the Resigned Member 2021-06-30 Corresponding to 1442-11-20
Reasons of Resignation To fulfill the conditions of the transaction agreement which was executed with the fund manager of Alinma Makkah Real Estate Fund, on behalf of the Fund, in relation to the Board and governance arrangements.
Element ListExplanation
Appointed Member Name Saleh Abdullah Alzumai
Membership Type Independent
Membership Start Date 2022-08-25 Corresponding to 1444-01-27
Brief Resume of the Appointed Member Mr. Saleh Zumaie is currently a Senior VP and Head of Retail Banking in Alinma Bank. Prior to that, he was the General Manager of Digital and Payments in Al Rajhi Bank. Mr. Saleh holds a bachelor's degree in English language from Imam Muhammad bin Saud Islamic University.
Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2022-08-25 Corresponding to 1444-01-27
Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

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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