| Element List | Explanation |
|---|---|
| Introduction | Arabian Centres Co. (“ACC” or the “Company”) announces that the board of directors has accepted the resignation of the CEO Mr. Faisal Abdullah Al-Jedaie effective from 31 January 2022. |
On this occasion, the Board of Directors and all employees of the Company extend their appreciation and gratitude to Mr. Faisal for his valuable contributions to the Company as CEO.
Also, the Board of Directors has approved to delegate the MD Mr. Mohamad Rafic Mourad with the responsibilities of the CEO role of ACC effective from 01 February 2022 until further notice.
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | Mr. Faisal Abdullah Al-Jedaie |
| Resignation Acceptance Date | 2022-01-20 Corresponding to 1443-06-17 |
| Resignation Effective Date | 2022-01-31 Corresponding to 1443-06-28 |
| Reasons for Resignation | At his request for personal reasons. |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the CEO | Mr. Mohamad Rafic Mourad |
| Date of Board Resolution | 2022-01-20 Corresponding to 1443-06-17 |
| Date Work Commencement | 2022-02-01 Corresponding to 1443-06-29 |
| Brief Resume | Mr. Mourad brings along 28 years of global management experience in technology, retail, consumer goods and e-commerce. Mr. Mourad holds a Bachelor of Science with Honors at Lebanese American University, in 1994. And an MBA at INSEAD, France, in 2001. |
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