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Red Sea International Co. Announces Resignation of Chairman

Element ListExplanation
Introduction Red Sea International Company announces that on 19-08-2019 corresponding to 18-12-1440, the Board of Directors approved the resignation of Dr. Ibrahim Hasan Al-Madhoun (Non-Executive Board Member) from his post as the Chairman of the Board and its sub-committees. The resignation was received on 18-07-2019 corresponding to 14-11-1440, due to personal reasons, and shall be effective by COB on Monday, 19-08-2019.

The Board of Directors of the Company extends its sincere gratitude to Dr. Ibrahim Al-Madhoun for his effort and dedication during his tenure with the Company and wishes him the best of luck in his future endeavors.

Mr. Jamal Abdullah Al Dabbagh, Vice Chairman of the Board (Non-Executive Director), will act as the Chairman until a Chairman is appointed by the Board, and an announcement will be posted in due course.

Element ListExplanation
Resigning Member Name Dr. Ibrahim Hasan Al-Madhoun
Membership Type Non- Executive
Resignation Submission Date 2019-07-17 Corresponding to 1440-11-14
Resignation Acceptance Date 2019-08-19 Corresponding to 1440-12-18
Resignation Effective Date 2019-08-19 Corresponding to 1440-12-18
Membership Starting Date for the Resigning Member 2018-04-25 Corresponding to 1439-08-09
Reasons of Resignation personal reasons

The Capital Market Authority and the Saudi Stock 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.

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Last Price Net Change
13.0 0.02 (+0.15%)
Value Traded (SAR) Volume Traded
456,602.86 35,300

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No English translation, kindly refer to the Arabic version

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