Riyadh Development Company announces the formation of the Audit Committee
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Riyadh Development Company published on the Tadawul website on 03/07/2025 AD, which includes the formation of the committees emanating from the Board of Directors, Riyadh Development Company announces the decision of its Board of Directors in its new session to form the Audit Committee in its new session, which will start its work as of 02/07/2025 AD for a period of four calendar years ending on 06/24/2029 AD, as follows: |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Suleiman bin Nasser Al-Hattlan (Independent Member) as Chairman of the Committee |
| Membership Start Date | 2025-07-02 Corresponding to 1447-01-07 |
| Brief Resume of the Appointed Member | He holds a Master’s degree in Accounting from the University of California, USA, in 1998. He currently serves as the Chief Operating Officer of Al-Hilal Club Company and is a member of the Board of Directors and committees of several joint-stock companies. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Yazid bin Mohammed Al-Jard (Independent Member) as a member of the Committee |
| Membership Start Date | 2025-07-02 Corresponding to 1447-01-07 |
| Brief Resume of the Appointed Member | He holds a Bachelor's degree in Economics from King Abdulaziz University in 1999. He also worked as a consultant to the Zakat and Tax Authority and has extensive experience in the fields of governance, oversight and compliance. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Ahmed bin Abdullah Al-Kanhal (a member from outside the Council) as a member of the committee. |
| Membership Start Date | 2025-07-02 Corresponding to 1447-01-07 |
| Brief Resume of the Appointed Member | He holds a Master's degree in Administrative Sciences from Naif Arab University in 2001. He also serves on the boards of directors and audit committees of a number of joint-stock companies. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Saleh bin Muqbil Al-Khalaf (a member from outside the Council) as a member of the committee. |
| Membership Start Date | 2025-07-02 Corresponding to 1447-01-07 |
| Brief Resume of the Appointed Member | He holds a Bachelor’s degree in Accounting from King Saud University in 1992. He is also a member of the boards of directors and audit committees of a number of joint-stock companies. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-07-02 Corresponding to 1447-01-07 |
| Additional Information | The Board of Directors' decision to form the Audit Committee is effective from July 2, 2025, and the committee's term will last for four years, ending on June 24, 2029. In this regard, the Board thanked the members whose terms on the Audit Committee had expired during the previous term for their appreciated efforts and wished them continued success. |
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