| Element List | Explanation |
|---|---|
| Introduction | Referring to the previous announcement from the Saudi Cable Company on 05/10/1445 corresponding to 14/04/2024 regarding the appointment of the Chairman of the board of directors and the deputy chairman and the formation of the Committees emanating from the Board for its new period, Saudi Cable Company would like to announce to its shareholders the apology of the Chairman of the Board of Directors, Eng. Sabri Abdullah Alghamdi, to continue as Chairman of the Board starting from 11/10/1445 corresponding to 20/04/2024 due to his practical circumstances which outcropped, while maintaining his membership in the Board of Directors. The company would also like to announce the issuance of the Board of Directors’ decision on Saturday 11/10/1445 corresponding to 20/04/2024 appointing Eng. Abdullah Awda Alghabin as Chairman of the Company’s Board of Directors, starting from 20/04/2024. |
| Previous Announcement | The previous Company announcement regarding the appointment of the Chairman of the board of directors and the deputy chairman and the formation of the Committees emanating from the Board for its new period |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-04-14 Corresponding to 1445-10-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The apologizing of Chairman of the Board of Directors, Eng. Sabri Abdullah Alghamdi, for continuing as Chairman of the Board starting from 04/20/2024 due to his practical circumstances which outcropped, while maintaining his membership in the Board of Directors. And the issuing of Board of Directors’ decision to appointing Eng. Abdullah Awda Alghabin as Chairman of the Company’s Board of Directors starting from 04/20/2024. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no costs associated with the event at the moment, the financial impact will be disclosed later if it exists. |
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