| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Company (“Al Akaria” or the “Company”) announces that the Board of Directors has accepted the resignation of Mr. Hathal Saad Al Utaibi from his membership on the Board of Directors and the Executive Committee. The Board of Directors has also resolved, by circulation, to appoint Mr. Sahem Hani Yousef Nasser as a Non-Executive Member of the Board and as Vice Chairman of the Board, to complete the current term ending on 09-02-2029. The Board of Directors extends its sincere appreciation and gratitude to Mr. Hathal Saad Al Utaibi for his valuable contributions to the Company during his tenure, wishing him continued success. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Hathal Saad Al Utaibi |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-04-08 Corresponding to 1447-10-20 |
| Resignation Effective Date | 2026-04-08 Corresponding to 1447-10-20 |
| Membership Starting Date for the Resigned Member | 2025-02-10 Corresponding to 1446-08-11 |
| Reasons of Resignation | Work-related circumstances |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Sahem Hani Yousef Nasser |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-04-16 Corresponding to 1447-10-28 |
| Brief Resume of the Appointed Member | Sahem Hani Yousef Nasser holds a Bachelor’s degree in Management from Concordia University (Canada). He has extensive experience in real estate investments and asset management. He currently serves as Senior Director, Acting Head of Local Real Estate Investment Strategy Department and Senior Director, Head of Local Real Estate Asset Management Section – Public Investment Fund (PIF), with prior roles at Meraas, PwC, and Ernst & Young. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-04-16 Corresponding to 1447-10-28 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
