اعلان إعمار المدينة الاقتصادية عن استقالة وتعيين أعضاء مجلس إدارة

Emaar The Economic City announces the resignation and appointment of members of the Board of Directors 4220 EMAAR EC 0.98 % 1443/02/20     27/09/2021 08:27:58 Introduction Emaar The Economic City announces changes in its Board of Directors’ membership as a result of the completion of the subscription and debt conversion agreement that the Company and a number of its major shareholders entered into with the Public Investment Fund on August 31, 2020G (corresponding to 12 Muharram 1442H), accordingly the Board of Directors issued its approval by circulation of the resignation of three members of the Board of Directors, including the Managing Director, and appointment of three members of the Board of Directors. The Board of directors extends its sincere thanks and appreciation to Mr. Ahmed Boshnak, Mr. Falih Hajaj and Mr. Bader Ali Riza for their active participation during their term in the Board of Directors. Resigned Member Name Ahmed Yousif Boshnak Membership Type Executive Resignation Submission Date 2021-09-26 Corresponding to 1443-02-19 Resignation Acceptance Date 2021-09-26 Corresponding to 1443-02-19 Resignation Effective Date 2021-09-26 Corresponding to 1443-02-19 Membership Starting Date for the Resigned Member 2020-09-26 Corresponding to 1442-02-09 Reasons of Resignation Pursuant to the subscription and debt conversion agreement that the Company and a number of its major shareholders entered into with the Public Investment Fund, which includes a condition requiring the resignation of members of the Board of Directors Resigned Member Name Falih Motasim Hajaj Membership Type Independent Resignation Submission Date 2021-09-26 Corresponding to 1443-02-19 Resignation Acceptance Date 2021-09-26 Corresponding to 1443-02-19 Resignation Effective Date 2021-09-26 Corresponding to 1443-02-19 Membership Starting Date for the Resigned Member 2020-09-26 Corresponding to 1442-02-09 Reasons of Resignation Pursuant to the subscription and debt conversion agreement that the Company and a number of its major shareholders entered into with the Public Investment Fund, which includes a condition requiring the resignation of members of the Board of Directors Resigned Member Name Bader Hisham Ali Riza Membership Type Independent Resignation Submission Date 2021-09-26 Corresponding to 1443-02-19 Resignation Acceptance Date 2021-09-26 Corresponding to 1443-02-19 Resignation Effective Date 2021-09-26 Corresponding to 1443-02-19 Membership Starting Date for the Resigned Member 2020-09-26 Corresponding to 1442-02-09 Reasons of Resignation Pursuant to the subscription and debt conversion agreement that the Company and a number of its major shareholders entered into with the Public Investment Fund, which includes a condition requiring the resignation of members of the Board of Directors Appointed Member Name Assim Mohammed Alsuhaibani Membership Type Non- Executive Membership Start Date 2021-09-26 Corresponding to 1443-02-19 Brief Resume of the Appointed Member Mr. Assim Alsuhaibani holds a Bachelor’s degree in Electrical Engineering from King Fahd University of Petroleum and Minerals, and a Master’s degree in Oil and Gas Industry Management from Edinburgh Business School. Mr. Assim held engineering and administrative positions, the most recent of which was Vice President of Schlumberger, and the CEO of Mask Logistics Company. He is currently the Senior Director, Local Real Estate Investment Division in the Public Investment Fund. He is also a member of the Board of Directors and the Executive Committee in Umm Al Qura Development Company, and King Abdullah Financial District Company, in addition to membership of the Board of Directors of Sela Sports Company, and the Saudi Entertainment Ventures Company. Appointed Member Name Majed Mohammed Alsorour Membership Type Non- Executive Membership Start Date 2021-09-26 Corresponding to 1443-02-19 Brief Resume of the Appointed Member Mr. Majed Alsorour holds a Bachelor's degree in Finance, Economics and MIS, and a Master's degree in Public Administration, from Seattle University. Mr. Majed held the position of Assistant General Manager for Business Development at the MedGulf Insurance and Reinsurance Company, the CEO in Amana Cooperative Insurance Company, the Managing Director, Middle East – Uptake Technologies, and he is currently the CEO of the Saudi Golf Federation. He is also a member of the Board of Directors of the Saudi Golf Federation and the Saudi Golf Company. Appointed Member Name Qusai Abdullah Al Fakhri Membership Type Independent Membership Start Date 2021-09-26 Corresponding to 1443-02-19 Brief Resume of the Appointed Member Mr. Qusai Al Fakhri holds a Bachelor's degree in Finance from King Fahd University of Petroleum and Minerals. Mr. Qusai held the position of Senior Manager Business Development – Investment Division – at Samba Financial Group, Vice President of Capital Markets at Shuaa Capital, Head of Brokerage at Jadwa Investment Company, Director, Head of Institutional Coverage at Societe Generale Saudi Arabia, and Managing Director and CEO of Tiraz Al Arabia, the CEO of Al-Ajial Holding Company, and the Investment Advisor to H.E the Minister of Tourism – Ministry of Tourism, and he is currently the CEO of the Tourism Development Fund. He is also a member of the investment committee of Al Ula Development Company. Date of Board Meeting in which Appointed New Member(s) were Appointed 2021-09-26 Corresponding to 1443-02-19 Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval 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 Previous Announcements Emaar The Economic City announces its Annual Financial results for the period ending on 2025-12-31 Emaar The Economic City announces its Annual Financial results for the period ending on 2025-12-31 4220 EMAAR EC 0.98 % 1447/10/12     31/03/2026 16:03:18 Emaar, the Economic City Announces the Opening of the Nomination Period for the Board of Directors’ Membership Emaar, the Economic City Announces the Opening of the Nomination Period for the Board of Directors’ Membership 4220 EMAAR EC 0.98 % 1447/09/26     15/03/2026 08:28:43 Emaar, the Economic City Announces the Extension of the Audit Committee's Term Emaar, the Economic City Announces the Extension of the Audit Committee's Term 4220 EMAAR EC 0.98 % 1447/09/26     15/03/2026 08:02:14 View all announcements Company Performance EMAAR EC Add To Watchlist In your Watchlist Add To Watchlist Zoom 1D 1M 3M 1Y 3Y 5Y Inception Created with Highcharts 10.0.0 Highcharts Stock Responsive Chart Click small/large buttons or change window size to test responsiveness 10:15 10:30 11:00 10:30 11:00 10.15 10.175 10.2 10.225 10.25 10.275 10.3 10.325 10.35 Zoom Zoom ▾ 1M 3M 1Y 3Y 5Y Inception Apr 12, 2026 → Apr 12, 2026 Key Parameters Last Price 10.3 Net Change 0.1 (+0.98%) Value Traded (Sar) 1,356,524.04 Volume Traded 132,404 See The Company Profile Upcoming Calendar Dates 4220 EMAAR EC | 2026-06-26 4220 EMAAR EC Capital Increase – Debt Conversion| 2024-09-08 4220 EMAAR EC Capital Reduction| 2024-09-08 LoginPortletPopupv2 /wps/contenthandler/!ut/p/digest!n_lBmCloVOIVX8cQTJ64ng/pm/oid:--portletwindowid--@oid:Z6_5A602H80O0HTC060SG6UT81DI3 /wps/contenthandler/!ut/p/digest!n_lBmCloVOIVX8cQTJ64ng/um/secure/currentuser/profile?expandRefs=true Log in to access your watchlist Error Here Error Here Log In Don't Have Account? 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