Dar Almarkabah for Renting Cars Co. Announces Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Dar Almarkabah for Renting Cars Co. announces that the Board of Directors, in its resolution dated 11/07/1447H corresponding to 31/12/2025G, approved the appointment of Mr. Ahmed bin Hussein Al-Rashed as an Independent Member of the Board of Directors to fill the vacant position. The appointment shall be effective as of 01/01/2026G corresponding to 12/07/1447H and shall continue until the end of the current Board term on 16/05/2027G corresponding to 10/12/1448H. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Ahmed bin Hussein Al-Rashed |
| Membership Type | Independent |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Mr. Ahmed Al-Rashed has over 22 years of professional experience in the fields of governance, risk management, compliance, and cybersecurity. Throughout his career, he has held senior leadership positions at several prominent organizations across the banking, telecommunications, and financial sectors, including SAB First Bank, Al Rajhi Bank, Zain Telecommunications, the Saudi Industrial Development Fund, and Etihad Atheeb Telecommunications Company.
He also has extensive experience in board and committee work, currently serving as a Board Member and Secretary of the Board of Directors of Intilaaqah Solutions Company (Qiwa Finance). In addition, he is a member of the Risk and Audit Committees of several companies, including the National Finance Company, Rasid Fintech Payments Company, Money Global Company, and Ikhtisar Al-Zaman Company. Furthermore, he serves as a member of the Risk Committee at NUPCO (National Unified Procurement Company) and the Audit Committee at the Saudi Food and Drug Authority (SFDA).
Mr. Ahmed Al-Rashed holds a Master of Business Administration (MBA) degree from Al Yamamah University and has completed several advanced executive programs in leadership, strategy, and governance from London Business School and the University of Oxford. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-12-31 Corresponding to 1447-07-11 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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