| Element List | Explanation |
|---|---|
| Introduction | Alandalus Property Co. announces the resignation of Board Member Mr. Faisal bin Abdullah Al-Judaie (Independent Member), who submitted his resignation on Sunday dated 06-10-2024 AD, due to the loss of his independent status as a board member, and one of the impediments to independence was applied, which will consequently affect the minimum level of independence of the Board Members. The Board of Directors approved this resignation by circulation on 05/04/1446 AH corresponding to 08/10/2024 AD, with the resignation being effective until the end of the workday on Tuesday dated 08-10-2024 AD.
In this regard, the Chairman and members of the Board of Directors would like to extend their sincere thanks and appreciation to Mr. Faisal bin Abdullah Al-Judaie for his blessed efforts during his membership on the Board, with best wishes for his future success.
The Board of Directors of Alandalus Property Co. has also decided to appoint Mr. Tariq Saad Al-Twijrey as an Independent Member of the Board of Directors to complete the current term, which ends on 09/03/2027. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mr. Faisal bin Abdullah Al-Judaie |
| Membership Type | Independent |
| Resignation Submission Date | 2024-10-06 Corresponding to 1446-04-03 |
| Resignation Effective Date | 2024-10-08 Corresponding to 1446-04-05 |
| Membership Starting Date for the Resigned Member | 2024-03-10 Corresponding to 1445-08-29 |
| Reasons of Resignation | The status of independence has been nullified, and one of the conditions affecting independence has applied, which will consequently impact the minimum level of independence of the board members. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Tariq bin Saad Al-Twijrey |
| Membership Type | Independent |
| Membership Start Date | 2024-10-09 Corresponding to 1446-04-06 |
| Brief Resume of the Appointed Member | Mr. Tariq bin Saad Al-Twijrey holds an Executive Master's degree from King Saud University and has over 26 years of extensive experience in local and international investments. He currently serves as the Investment Director at the King Abdulaziz and His Companions Foundation for Giftedness and Creativity “Mawhiba”. |
| The date of the approval by other official authorities | Not apply |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-10-08 Corresponding to 1446-04-05 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
| Additional Information | It is worth noting that continued membership of Mr. Faisal bin Abdullah Al-Jadei in the Executive Committee as a member from outside the Board. |
| Attached Documents |  |
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