إعلان شركة المطاحن الحديثة للمنتجات الغذائية عن إنهاء تكليف الرئيس التنفيذي المكلف وتعيين رئيس تنفيذي جديد

Announcement by Modern Mills Company regarding the end of the Acting Chief Executive Officer's assignment and the appointment of a new Chief Executive Officer 2284 MODERN MILLS -1.15 % 1448/01/06     21/06/2026 08:06:02 Introduction With reference to Modern Mills Company’s announcement published on the Saudi Exchange (Tadawul) website on 23/02/2026G, corresponding to 06/09/1447H, which included the assignment of Mr. Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, Modern Mills Company announces the Board of Directors’ resolution dated 20/06/2026G to end the assignment of Mr. Ahmad Abdulkareem Hijazi as Acting Chief Executive Officer, effective Wednseday, 01/07/2026G, while he shall continue to perform his original duties as Vice President - Feed Business. The Company also announces the appointment of Mr. Majed Mazen Nofal as Chief Executive Officer of the Company. The Board of Directors of the Company extends its thanks and appreciation to Mr. Ahmad Hijazi for his efforts during his tenure as CEO until handing over management to the new appointed CEO. Name of the Resigned Person Ahmad Abdulkareem Hijazi Resignation Acceptance Date 2026-07-01 Corresponding to 1448-01-16 Resignation Effective Date 2026-07-01 Corresponding to 1448-01-16 Reasons for Resignation End of his assignment as Acting Chief Executive Officer Appointment Type Appointment Name of the Appointed Person Majed Mazen Nofal Date of Board Resolution 2026-06-20 Corresponding to 1448-01-05 Date Work Commencement 2026-07-01 Corresponding to 1448-01-16 Brief Resume Mr. Majed Nofal holds CEO and board leadership positions across organizations with 25+ years of experience in food production, FMCG, and industrial manufacturing in Saudi Arabia and the Middle East. Track record in business transformation and performance turnaround, greenfield ventures, M&A integration, and large-scale procurement and supply-chain optimization. Led enterprise strategy and productivity programs, SAP-enabled digital transformation, and operating-model redesign, delivering measurable growth and margin improvement. Mr. Majed Nofal holds a degree from King Saud University - College of Business Administration (Accounting), obtained in 1992G, and a certificate from the International Institute for Management Development and Strategic Leadership Development Program. And also Mr. Majed Nofal holds a certificate from INSEAD - International Finance Program. 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. Share