Riyadh Development Company announces the appointment of the chairman and vice-chairman and the formation of the committees emanating from the board of directors.
| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the results of the company’s extraordinary general assembly meeting held on 10/11/1443 AH corresponding to 05/12/2022 AD, in which the members of the company’s board of directors were elected for its new term, which starts from 25/06/2022 AD and for a period of three years ending on 06/24/ 2025 AD.
The company would like to announce to the shareholders the decisions of the board of directors at its meeting held on Wednesday 30/11/1443 AH corresponding to 06/29/2022 AD, including the appointment of the chairman and vice-chairman, the formation of the sub-committees and the appointment of the secretary and representatives of the company to the Capital Market Authority and the Saudi Stock Exchange (trading). This is as follows: First: Appointing the chairman and his deputy as follows: Appointment of His Highness Prince / Faisal bin Abdulaziz bin Ayyaf (independent member) as Chairman of the Board of Directors. Appointment of Mr. Majid bin Nasser Al-Subaie (independent member) as Vice Chairman of the Board of Directors. Second: Formation of the Remuneration and Nominations Committee. Third: Formation of the Executive Committee. The Board of Directors also appointed a Secretary of the Board for the new term, and the company's representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul). |
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