Abdullah Al Othaim Markets Co. — Board/Management Information 2021

Aug 29, 2021

Abdullah Al Othaim Markets Co. Announcement of the Resignation and Appointment of CEO.

4001 · 29/08/2021 09:14:51 · Announcement #64742 · View on Saudi Exchange

Abdullah Al Othaim Markets Co. Announcement of the Resignation and Appointment of CEO.

Element List	Explanation
Introduction	Abdullah Al-Othaim Markets Company "the company" announces its board of directors approval to acceptance of the resignation of the CEO of the company, Mr. Abdul Aziz Abdullah Saleh Al-Othaim, from the position of CEO. with the continuation of his membership in the Board of Directors (executive Member) , the resignation shall effect As of 30 September 2021G

The Board of Directors also decided the approval of the appointment of the Mr. Mohsen Sager Husain as CEO of the company as of 01 October 2021G.

Mr. Mohsen Saqer Hussein will join on 29/08/2021 G to start receiving duties and with the current CEO until the effective date of his resignation on 30/09/2021G, to ensures the smooth transition of tasks.

In this regard, the Board of Directors expressed its sincere thanks and appreciation to the Mr. Abdulaziz Abdullah Al-Othaim for his performance and efforts during his presidency of the company as CEO, which witnessed Distinguished growth and expansion in its business, wishing him the success

Also the Board of Directors wishing to Mr. Mohsen Sager Husain success in his new position as CEO of the company.

Element List	Explanation
Name of the Resigned CEO	Abdulaziz Abdullah Saleh Al-Othaim
Resignation Acceptance Date	2021-08-26 Corresponding to 1443-01-18
Resignation Effective Date	2021-09-30 Corresponding to 1443-02-23
Reasons for Resignation	In line with the direction of the Board of Directors to raise the level of application of governance standards and enhance the principle of separation of ownership from management, and due to his desire to devote himself to his own business.

Element List	Explanation
Appointment Type	Appointment
Name of the CEO	Mohsen Sager Husain
Date of Board Resolution	2021-08-26 Corresponding to 1443-01-18
Date Work Commencement	2021-10-01 Corresponding to 1443-02-24
Brief Resume	It is worth mentioning that Mr. Mohsen Sager Husain Holds a Bachelor degree in business administration 1993G from the University of Texas-USA , and Master Degree in business administration 1993G from the University of Texas-USA and Food Management Program Cornell University NY 1994 -USA

He has accumulated experience of (25) years through his work in holding several positions in different companies in the activity of food Retail inside and outside the Kingdom, and he holds a certificates and various courses

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.