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Saudi Real Estate Co. (“Al-Akaria”) announces the appointment of the CEO of the Company

ALAKARIA 4020 80.17% 21.44 9.54
Element List Explanation
Introduction Referring to the announcement made by Saudi Real Estate Co. (“Al-Akaria”) (The Company) on 28 May 2024 regarding the resignation of the CEO/Managing Director of the Company Mr. Ibrahim Alalwan.

The Company would like to announce to its esteemed shareholders that the Board of Directors has assigned Mr. Khaled Al-Suhaybani, to the CEO position in addition to his current duties on 31 July 2024 and the effective date will be on 1 August 2024.

The company will announce any developments regarding this event at the time.

Element List Explanation
Appointment Type Delegation
Name of the Appointed Person Mr. Khaled Al-Suhaybani
Date of Board Resolution 2024-07-31 Corresponding to 1446-01-25
Date Work Commencement 2024-08-01 Corresponding to 1446-01-26
Brief Resume Mr. Khaled Al-Suhaybani holds a bachelor’s degree in economics and management from King Saud University and a master’s degree in business administration from De Montfort University. Mr. Khaled Al-Suhaybani now working as the Chief Commercial Officer of the company and His experience in the real estate and commercial sector extends for approximately 22 years, during which he held several executive and leadership positions in a number of real estate companies and funds.

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