Al-Jouf Agricultural Development Co. (Jadco) Announces Resignation Audit Committee Member

Element List	Explanation
Introduction	Al-Jouf Agricultural Development Company announces the decision of its Board of Directors to accept the resignation submitted by the member of the Audit Committee, from outside the Board, Mr. Yasser Yehia Abdelhamid Abdrabou, representative and CEO of Fitaihi Holding Group, from his membership in the Audit Committee of (JADCO), as of March 22, 2021, given that Fitaihi Holding Group has sold its entire stake in the share capital of Al-Jouf Agricultural Development Company, on March 2, 2021. Noting that the membership of Mr. Yasser Yehia, in the new session of the Audit Committee, began on March 22, 2021.

Element List

Explanation

Introduction

Al-Jouf Agricultural Development Company announces the decision of its Board of Directors to accept the resignation submitted by the member of the Audit Committee, from outside the Board, Mr. Yasser Yehia Abdelhamid Abdrabou, representative and CEO of Fitaihi Holding Group, from his membership in the Audit Committee of (JADCO), as of March 22, 2021, given that Fitaihi Holding Group has sold its entire stake in the share capital of Al-Jouf Agricultural Development Company, on March 2, 2021. Noting that the membership of Mr. Yasser Yehia, in the new session of the Audit Committee, began on March 22, 2021.

The Chairman and his deputy and Members of the Board of Directors of (JADCO) extend their deep thanks and appreciation to Mr. Yasser Yehia Abdelhamid for his sincere and effective efforts during his membership in the Audit Committee in its session ended on March 21, 2021, wishing him continued success.

The Board of Directors also approved the nominate of Mr. Khalid bin Mohammed bin Abdullah al-Arifi , to the next general Assembly meeting

which will be held later to Audit Committee membership

Element List	Explanation
Name of Resigning Member	Mr. Yasser Yehia Abdelhamid Abdrabbo
Resignation Submission Date	2021-03-22 Corresponding to 1442-08-09
Resignation Effective Date	2021-03-22 Corresponding to 1442-08-09
Reasons for Resignation	Given that Fitaihi Holding Group has sold its entire stake in the share capital of Al-Jouf Agricultural Development Company, on March 2, 2021.
Resigning Member Start Date	2021-03-22 Corresponding to 1442-08-09

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