| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the Extraordinary General Assembly meeting held on Thursday 22nd May 2025. in which the Members of the Board of Directors of Retal Urban Development Co. (“The Company”) were elected for its new term, which starts from 26th May 2025 for a period of four years ending on 25th May 2029. |
The Company’s Board of Directors is pleased to announce to the esteemed Shareholders the Board’s resolution in its’ meeting held on 28th May 2025, as follows:
First: Board of Directors Appointments:
-Mr. Abdullah Abdullatif AlFozan - Chairman of the Board of Directors.
- Mr. Fozan Mohammed AlFozan - Vice Chairman of the Board of Directors.
- Mr. Husam Mohammed AlKaf - Board Secretary.
Second: Forming the "Audit Committee" and appointing the following Members:
-Mr. Abdulrahman Abdullah Al-Wabel (Board Member - Independent).
-Dr. Jassim Shaheen Al-Rumaihi (Member, from outside the Board).
-Mr. Muhammad Irfan Khokhar (Member, from outside the Board).
Third: Forming the "Nominations and Remuneration Committee" and appointing the following Members:
- Mr. Hani Othman Ba Othman (Board Member - Independent).
- Mr. Fahad Abdulrahman AlMojel (Non-Executive Member).
- Mr. Hazem Abdullah AlShaikhMubarak (Member, from outside the Board).
- Mr. Adnan Abdullah AlNuaim (Member, from outside the Board).
Fourth: Forming the "Executive Committee" and appointing the following members:
- Mr. Abdullah Abdullatif AlFozan. (Board Member – Non-Executive Member)
- Eng. Abdullah Faisal AlBraikan. (Board Member – Executive).
- Mr. Mohammed Abdulaziz Al-Aqeel. (Member, from outside the Board).
- Mr. Abdullatif Ali AlFozan (Member, from outside the Board).
- Mr. Adnan Abdullah AlNuaim (Member, from outside the Board).
Fifth: Appointing the Company’s representatives to the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center (Edaa) for all matters related to the implementation of the Capital Market law and its regulations as follows:
- Eng. Abdullah Faisal AlBraikan (Board member).
- Mr. Ammar Mohammed AlGhoul (CFO).
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.