Development Works Food Co. — Board/Management Information 2021

Nov 1, 2021

Development Works Food Co. Announces Development Works Food Co. Announces the appointment of the Chairman and Vice Chairman of the Board of Directors, the formation of committees, the appointment of the Secretary of the Board for the new term, and the selection of the company's representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul).

6013 · 01/11/2021 08:12:31 · Announcement #65384 · View on Saudi Exchange

Development Works Food Co. Announces Development Works Food Co. Announces the appointment of the Chairman and Vice Chairman of the Board of Directors, the formation of committees, the appointment of the Secretary of the Board for the new term, and the selection of the company's representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul).

Element List	Explanation
Announcement Detail	Reference to the results of the Extraordinary General Assembly meeting held on 09/02/1443 AH corresponding to 16/09/2021 AD, in which the members of the Board of Directors of Development Works Food Co. were elected for its new term, which begins its work as of 30/30/2021 AD and for a period of three years ending on 29/ 10/2024 AD.

The Board of Directors of Development Works Food Co. is pleased to announce the decision of the Board of Directors at the meeting held on 25/03/1443 AH corresponding to 31/10/2021 AD, to select and nominate the Chairman and Vice-Chairman of the Board, the formation of committees, the appointment of the Secretary of the Board of Directors for the new term, as well as the selection of the company’s representatives to the Capital Market Authority and the Saudi Stock Exchange Company, Tadawul, as follows:

First: Electing the Chairman and Vice-Chairman as follows:

* Appointment of Mr. Ashry Saad Al-Ashry - Chairman of the Board of Directors

* Appointment of Mr. Anas Saleh Alamoud as Vice Chairman of the Board of Directors.

Second: The Council approved the formation of the following committees:

* Formation of the Nominations and Remunerations Committee.

* Formation of the Executive Committee.

It should also be noted that the formation of the Audit Committee was approved according to the results of the General Assembly held on 16/09/2021 AD for a period of 3 Gregorian years.

The company's representatives have also been appointed for all purposes related to the application of the regulations and executive regulations. The Capital Market Authority and the Saudi Stock Exchange (Tadawul), in addition to appointing a Secretary of the Board of Directors.

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.