Arriyadh Development Co. — Board/Management Information 2025

Jul 3, 2025

Riyadh Development Company announces the formation of the Audit Committee

4150 · 03/07/2025 08:25:13 · Announcement #88595 · View on Saudi Exchange

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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