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Arriyadh Development Co. — Board/Management Information 2021
Mar 3, 2021
53402_rns_2021-03-03_36833c90-c9b0-4f7e-bc6c-72335688ef06.html
Board/Management Information
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Riyadh Development Company announces its agreement not to renew the CEO's contract based on his desire
4150 · 03/03/2021 15:49:53 · Announcement #62100 · View on Saudi Exchange
Riyadh Development Company announces its agreement not to renew the CEO's contract based on his desire
| Element List | Explanation |
|---|---|
| Introduction | Riyadh Development Company announces the acceptance of its board of directors in its meeting held on 03/03/2021 AD CEO's apology, Engineer Ali bin Abdullah Al-Hassoun, for renewing his contract, which expires on 09/25/2021, based on his personal desire while remaining on the board of directors. |
In this regard, the Board of Directors expressed its sincere thanks and appreciation to Engineer / Ali bin Abdullah Al-Hassoun for his outstanding performance and great and appreciated efforts during the period in which he assumed the position of CEO of the company, which lasted for more than ten years, during which the company made qualitative leaps in increasing profits and the value of investment property The Council also wished his happiness well.
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | Engineer / Ali bin Abdullah Al-Hassoun |
| Resignation Acceptance Date | 2021-03-03 Corresponding to 1442-07-19 |
| Resignation Effective Date | 2021-09-25 Corresponding to 1443-02-18 |
| Reasons for Resignation | Based on his personal desire |
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