Makkah Construction and Development Co. — Board/Management Information 2023

Sep 10, 2023

Makkah Construction and Development Co. Announces Appointment of a CEO

4100 · 10/09/2023 08:39:49 · Announcement #75819 · View on Saudi Exchange

Makkah Construction and Development Co. Announces Appointment of a CEO

Element List	Explanation
Introduction	Makkah Construction and Development Company announces the decision of the board of directors of the company (by scrolling) number (258) dated 07/09/2023 AD corresponding to 22/02/1445 AH to appoint Mr. Fahad Mohammad Saleh Al-Fawaz as the executive head of the company, to start his duties on 01/10/2023 AD corresponding to 16/03/1445 AH.

Element List	Explanation
Appointment Type	Appointment
Name of the CEO	Fahd Mohamad Saleh Al-Fawaz
Date of Board Resolution	2023-09-07 Corresponding to 1445-02-22
Date Work Commencement	2023-10-01 Corresponding to 1445-03-16
Brief Resume	Mr. Fahd Al-Fawaz holds a Master’s degree in Business Administration from the British University of Surrey and a Bachelor of Science in Industrial Management from King Fahd University of Petroleum and Minerals. He has deep and diverse practical and administrative experience in leadership positions in various business fields, focusing on hotel operation and real estate development. He also served as a member of Boards of directors and audit committees for a number of hotel and real estate companies, as well as in the banking and industrial development field by working for the Industrial Development Fund. He also received hotel training for general managers at Cornell University - New York and various courses in the banking field with a number of banks and financial institutions in the Kingdom and abroad.

Note that the last position was held by the CEO of Abdul Mohsen Al Hokair Group.

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.