Arriyadh Development Co. — Board/Management Information 2022

Jun 29, 2022

Riyadh Development Company announces the appointment of the chairman and vice-chairman and the formation of the committees emanating from the board of directors.

4150 · 29/06/2022 15:28:44 · Announcement #69089 · View on Saudi Exchange

Riyadh Development Company announces the appointment of the chairman and vice-chairman and the formation of the committees emanating from the board of directors.

Element List	Explanation
Announcement Detail	Referring to the results of the company’s extraordinary general assembly meeting held on 10/11/1443 AH corresponding to 05/12/2022 AD, in which the members of the company’s board of directors were elected for its new term, which starts from 25/06/2022 AD and for a period of three years ending on 06/24/ 2025 AD.

The company would like to announce to the shareholders the decisions of the board of directors at its meeting held on Wednesday 30/11/1443 AH corresponding to 06/29/2022 AD, including the appointment of the chairman and vice-chairman, the formation of the sub-committees and the appointment of the secretary and representatives of the company to the Capital Market Authority and the Saudi Stock Exchange (trading). This is as follows:

First: Appointing the chairman and his deputy as follows:

Appointment of His Highness Prince / Faisal bin Abdulaziz bin Ayyaf (independent member) as Chairman of the Board of Directors.

Appointment of Mr. Majid bin Nasser Al-Subaie (independent member) as Vice Chairman of the Board of Directors.

Second: Formation of the Remuneration and Nominations Committee.

Third: Formation of the Executive Committee.

The Board of Directors also appointed a Secretary of the Board for the new term, and the company's representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul).

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.