Makkah Construction and Development Co. — Board/Management Information 2024

Aug 1, 2024

Makkah Construction and Development Co. Announces Appointment of a CEO

4100 · 01/08/2024 08:10:45 · Announcement #81643 · View on Saudi Exchange

Makkah Construction and Development Co. Announces Appointment of a CEO

Element List

Explanation

Introduction

Further to the company's announcement on the Tadawul website on 30/06/2024 corresponding to 24/12/1445 AH regarding accepting the resignation of the company's CEO. Makkah Construction and Development Company announces the decision of the company's Board of Directors by passing No. (287) dated 31/07/2024 corresponding to 25/01/1446 AH based on the recommendation of the Remuneration and Nominations Committee to appoint Board Member Mr. Mohammed Abdulkarem Al-Nafea as CEO of the company, to start his work on 01/08/2024 corresponding to 26/01/1446 AH.

Element List	Explanation
Appointment Type	Appointment
Name of the Appointed Person	Mohammed Abdulkarem Mohammed Al-Nafea
Date of Board Resolution	2024-07-31 Corresponding to 1446-01-25
Date Work Commencement	2024-08-01 Corresponding to 1446-01-26
Brief Resume	Mr. Mohammed Abdul Karim Al-Nafeh has been a member of the company’s board of directors since 6/10/2023. He holds a Bachelor’s degree in Accounting from Imam Muhammad bin Saud Islamic University and a Master’s degree in Business Administration from Missouri State University. He has obtained many executive graduate programs from Harvard University and London Business School in the fields of strategy, finance and leadership. Mohammed Al-Nafeh has extensive experience of more than (15) years, coupled with several achievements in the fields of leadership, management, strategic planning and finance, during which he held many administrative positions at Saudi Aramco. The last position held by Mr. Mohammed Al-Nafeh was Chief Financial Officer of Luberef Base Oils Company - Saudi Aramco.

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