2120 · 28/06/2022 15:53:39 · Announcement #69066 · View on Saudi Exchange

Saudi Advanced Industries Company (SAIC) announces the restructuring of the board of directors' presidency.

Element ListExplanation
Announcement Detail With reference to the announcement of the Saudi Advanced Industries Company (SAIC) on 11/06/1443 AH corresponding to 05-06-2022 AD regarding the appointment of the Chairman of the Board of Directors for the term starting from 01/11/1443 AH corresponding to 05-31-2022 AD and for a period of three Gregorian years.

The company would like to announce the decision of its board of directors issued on 28/06/2022 AD regarding the appointment of Mr. Youssef bin Muhammad Al-Qafari as Chairman of the Board of Directors instead of Dr. Abdullah bin Suleiman Al-Juraish, who retains his membership in the Board of Directors.

The Board of Directors extends its sincere thanks to His Excellency Dr. Abdullah bin Suleiman Al-Juraish for his efforts during the presidency of the Board of Directors.

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.