Alandalus Property Co. Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Alandalus Property Co. announces the resignation of Vice Chairman Eng. Saleh bin Muhammad Al -Habib (Non Executive Member), who submitted his resignation on Sunday dated 08-02-2026 AD, based on his personal reasons, The Board of Directors approved this resignation on 08-02-2026 AD, effective until the end of the workday on Sunday 08-02-2026 AD. |
In this regard, the Board of Directors extend their sincere thanks and appreciation to Eng. Saleh bin Muhammad Al‑Habib for his valuable contributions during his tenure on the Board, which had a positive role on supporting the company's initiatives and achieving its strategic objectives. The Board of Directors wishes him continued success and prosperity in his future endeavors.
In the same resolution, the Board of Directors approved the appointment of Mr. Ibrahim bin Ali Alajlan as a (non-executive member) of the Board, effective as of 9 February 2026, for the remaining term of the current Board period, which ends on 9 March 2027 AD.
In the same resolution, The Board of Directors also approved the appointment of Board member Mr. Ahmed bin Abdulrahman Al-Mousa (Non-Executive) as the Vice Chairman of Alandalus Property Co., starting from the date of his appointment until the end of the current Board term, which ends on 9 March 2027.
| Element List | Explanation |
|---|---|
| Resigned Member Name | Eng. Saleh bin Muhammad Al- Habib |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-02-08 Corresponding to 1447-08-20 |
| Resignation Effective Date | 2026-02-08 Corresponding to 1447-08-20 |
| Membership Starting Date for the Resigned Member | 2024-03-10 Corresponding to 1445-08-29 |
| Reasons of Resignation | Based on his personal reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Ibrahim Bin Ali Al- Alajlan |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-02-09 Corresponding to 1447-08-21 |
| Brief Resume of the Appointed Member | Mr. Ibrahim bin Ali Alajlan holds a master’s degree in finance from the University of Leicester, and a bachelor’s degree in business administration and accounting from King Saud University. He currently serves as the Chief Executive Officer of Mohammed Al Habib Holding Company. He has extensive experience in both the public and private sectors, having held managerial roles in investment, finance, and real estate. He is also member on several boards of directors. |
| The date of the approval by other official authorities | Not apply |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-02-08 Corresponding to 1447-08-20 |
| Board Approval | The board's approval is not final, and this appointment will be presented at the next General Assembly meeting for ratification. |
| Attached Documents |  |
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