Saudi Real Estate Co. (“Al-Akaria”) announces the resignation of the CEO/Managing Director of the Company
| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Co. (“Al-Akaria”) (The Company) announces the Board of Directors acceptance to the resignation of the CEO Mr. Ibrahim bin Mohamed Alalwan from his position as CEO and Managing Director on 27/05/2024 and the effective date will be on 31/07/2024. The reason of his resignation is due to his personal reasons, while remaining a member of the Board of Directors.
The Board of Directors expressed its thanks and appreciation to Mr. Ibrahim bin Mohamed Alalwan for his distinguished role and efforts during his period of work at the company, wishing him continued success in his personal and professional life. The company will also announce any developments in the event of a new CEO being appointed or assigned to the company at the time. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mr. Ibrahim bin Mohamed Alalwan |
| Resignation Acceptance Date | 2024-05-27 Corresponding to 1445-11-19 |
| Resignation Effective Date | 2024-07-31 Corresponding to 1446-01-25 |
| Reasons for Resignation | For his personal reasons |
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