| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Abdul Mohsen Al-Hokair Tourism and Development Company on 10/06/1444 AH corresponding to 03/01/2023 AD regarding the Board of Directors’ decision (by circulation) on Tuesday 03/01/2023 approving the resignation of the CEO, Mr. Fahd bin Muhammad Al-Fawaz, due to his special circumstances, provided that The last working day will be on Tuesday 28/02/2023 AD, and the Managing Director, Mr. Sami bin Abdul Mohsen Al Hokair, will be assigned the duties of the CEO, starting from Wednesday 01/03/2023, until the appointment of a new CEO for the company |
| Date of Posting the Previous Announcement of Development on Tadawul's Website | 2023-01-03 Corresponding to 1444-06-10 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | A brief summary of the Acting Chief Executive Officer, Mr. Sami bin Abdul Mohsen Al Hokair, holds a Bachelor's degree in Administrative Sciences from King Saud University in 1990, and has held many leadership positions for more than 30 years. He has many professional experiences in developing business strategies for large companies, and he also has experience in Establishing, managing and operating entertainment and hotel centers, commercial centers, health clubs, educational and training projects, and catering services. He is also currently a member of the boards of directors and committees of a number of listed and unlisted companies.09/ 06/2012 AD to date, and before that he was the CEO of the company from 09/06/2012 AD until 31/12/2017 AD. |
| Financial Impact on the change | NA |
| Additional Information | A brief summary of the outgoing CEO, Mr. Fahd bin Muhammad Al-Fawwaz, holds a Master's degree in Business Administration from the University of Surrey in Britain and a Bachelor of Science in Industrial Management from King Fahd University of Petroleum and Minerals. He has deep and diverse practical and administrative experiences in leadership positions in various business fields, concentrated in Hotel operation and real estate development. He also served as a member of the boards of directors and audit committees of a number of hotel and real estate companies, as well as in the banking field and industrial development by working for the Industrial Development Fund. He also obtained hotel training for general managers at Cornell University - New York and various courses in the banking field with a number of From banks and financial institutions in the Kingdom and abroad |
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