| Element List | Explanation |
|---|---|
| Announcement Detail | The Knowledge Economic City Company (the Company) announces the approval of its CEO Eng. Sami Abdulaziz Al-Makhdhoub's apology for not renewing his employment contract with the company, which expires on 30 September 2021 due to his personal circumstances. |
The notification comes at this time in compliance with the statutory period specified in his employment contract for notifications between the two parties, where the Board of Directors approved Eng. Sami Al-Makhdhoub’s request on 3 June 2021.
Eng. Sami Al Makhdhoub will continue performing his duties as CEO until the expiration date of his employment contract on 30 Sept 2021 or the appointment of another CEO before contract expiry date. The Chairman and members of the Board of Directors and the executive management team of the company expressed their thanks and appreciation to Eng. Sami Al-Makhdhoub for his efforts and cooperation during his tenure, which witnessed a remarkable development in several projects and wished him success in his future endeavors.
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