| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the announcement of the results of the Extraordinary General Assembly which includes the Capital Increase Meeting held on Monday, 14 April 2025, which included the approval of the election of the Board of Directors for the new term starting from 17 April 2025 and ending on 16 April 2028, |
The elected Board of Directors decided, during its meeting held on 17 April 2025, to select and nominate the Chairman and Vice Chairman of the Board, subject to obtaining the Saudi Central Bank Non-Objection.
As the Saudi Central Bank Non-Objection was obtained on 24 April 2025, the Bank announces the Board's approval of the following appointments:
1. Appoint Mr. Nasser bin Mohammed Al-Subaie – (Non-Executive Member) as Chairman of the Board.
2. Appoint Mr. Adeeb bin Mohammed Abanumai – (Independent Member) as Vice Chairman of the Board.
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.