Arabian Centres Co. Announces Appointment of a Board Member

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Introduction Arabian Centres Co. announces the appointment of Mr. Ahmed Demerdash Badrawi as a new Board member to fill the vacant board seat to continue its tenor ending on 18 June 2022.
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Appointed Member Name Mr. Ahmed Demerdash Badrawi
Membership Type Non- Executive
Membership Start Date 2020-07-15 Corresponding to 1441-11-24
Brief Resume of the Appointed Member Mr. Ahmed Demerdash Badrawi currently holds the position of Vice-Chairman of Marakez Egypt, the Egyptian arm of the Saudi Arabian Fawaz Al Hokair Group.

Mr. Ahmed joined Marakez Egypt in 2015, bringing with him an experience of over 15 years in the fields of Real Estate and Law, most recently as the CEO of SODIC, one of Egypt’s largest publicly listed Real Estate companies.

Mr. Badrawi graduated with a law degree from Queen Mary and Westfield College, University of London. He is also a Harvard Business School Alumnus having completed the Senior Executive Program for the Middle East in 2003.

Mr. Ahmed also currently sets on the boards of Arqaam Capital Egypt and Goodsmart. He is also a founding member of The Cairo Angels.

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Date of Board Meeting in which Appointed New Member(s) were Appointed 2020-07-15 Corresponding to 1441-11-24
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 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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