Dar Alarkan Real Estate Development Co. Announces the Board of Directors' decision regarding the appointment of the Chairman and Vice Chairman of the Board of Directors, formation of the Board Committees, appointment of the Company’s Representatives at the Capital Market Authority and Saudi Tadawul Group, and appointment of the Secretary of the Board.
| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the Ordinary General Assembly Meeting held Sunday 29/06/2025 corresponding to 4/1/1447, whereby members of the Board of Directors of the Company were elected for the new board term begins on 23/6/2025, and lasts for four years until 22/6/2029, the Company announces the Board Resolution dated 8-7-2025 corresponding to 13/1/1447 for the appointment of the Chairman and Vice Chairman of the Board of Directors and its committees as follows:
First: The appointment of Mr. Yousuf Abdullah Al Shelash as the Chairman of the Board.
Second: The appointment of Mr. Hathloul Saleh Al Hathloul as the Vice Chairman.
Third: The Formation of the Audit Committee, as follows: 1- Mr. Tariq Mohamed Al Jarallah – Chairman 2- Mr. Hathloul Saleh Al Hathloul – member 3- Mr. Saud Abdulaziz AlGusayer – member
Fourth: The Formation of the Remuneration and Nomination Committee, as follows: 1- Mr. Abdulrahman Abdulaziz Almisned – Chairman 2- Mr. Yousuf Abdullah Al Shelash – member 3- Mr. . Saud Abdulaziz AlGusayer – member
Fifth: The Formation of the Executive Committee as follows: 1- Mr. Yousuf Abdullah Al Shelash – Chairman 2- Mr. Ziad Naim ElChaar – member 3- Mr. Hathloul Saleh Al Hathloul – member 4- Mr. Abdulrahman Abdulaziz Almisned – member
Sixth: The appointment of the Secretary of the Board and Committees and the Company’s representatives at the Capital Market Authority (CMA), the Saudi Tadawul Group, and the Securities Depository Center Co. (Edaa) , for all purposes related to the application of the Capital Market Law and its Implementing Regulations. |
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