Middle East Specialized Cables Co. — Board/Management Information 2021

Sep 29, 2021

Middle East Specialized Cables Co. Announces Resignation of a CEO

2370 · 29/09/2021 15:25:19 · Announcement #65001 · View on Saudi Exchange

Middle East Specialized Cables Co. Announces Resignation of a CEO

Element List

Explanation

Introduction

Middle East Specialized Cables Co. announces its board of directors’ acceptance (by circulation) on 22/02/1443 corresponding to 29/09/2021 of the resignation of Mr. Fawwaz Mubarak Almugbel from his position as group CEO which was submitted on 29/09/2021. The resignation shall effect from 02/12/2021. The reason for resignation is due to his personal circumstance and unwillingness to renew his contract.

The board of directors expressed its thanks and appreciation to Mr. Fawwaz Almugbel for his outstanding efforts during his role in the company, wishing him success and progress in his personal and professional life

Element List	Explanation
Name of the Resigned CEO	Fawwaz Mubarak Almugbel
Resignation Acceptance Date	2021-09-29 Corresponding to 1443-02-22
Resignation Effective Date	2021-12-02 Corresponding to 1443-04-27
Reasons for Resignation	Due to his personal circumstance and unwillingness to renew his contract

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.