| Element List | Explanation |
|---|---|
| Introduction | L’azurde Company for Jewelry announces that its Board of Directors, in its meeting held on 29 January 2026, approved the request of Mr. Adnan Al-Khalaf to step down from his position as Managing Director and Chief Executive Officer of the Company for personal reasons, with 19 February 2026 being his last working day in the position, while he will continue as a (Non-Executive) member of the Board of Directors. The resignation shall be effective as of the date of the Board’s approval on 29 January 2026. The Board of Directors expresses its sincere appreciation to Mr. Adnan Al-Khalaf for his outstanding contributions and leadership and wishes him all the best in his future endeavors. The Board of Directors also resolved to appoint Mr. Ihab Ibrahim as Chief Executive Officer of the Company, effective as of 20 February 2026, wishing him success and prosperity in his duties as Chief Executive Officer during the coming period. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Adnan Al-Khalaf |
| Resignation Acceptance Date | 2026-01-29 Corresponding to 1447-08-10 |
| Resignation Effective Date | 2026-01-29 Corresponding to 1447-08-10 |
| Reasons for Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Ihab Ibrahim |
| Date of Board Resolution | 2026-01-29 Corresponding to 1447-08-10 |
| Date Work Commencement | 2026-02-20 Corresponding to 1447-09-03 |
| Brief Resume | Mr. Ihab Ibrahim currently serves as the Deputy Chief Executive Officer of the Company. He previously held the position of Chief Operating Officer of Lazurde Egypt for Jewelry since 2011, following his joining Lazurde in 2003. During his career, which spans more than 30 years, he has held several other senior leadership positions. Mr. Ihab Ibrahim holds a Bachelor’s degree in Commerce (Business Administration) from Helwan University, Arab Republic of Egypt, obtained in 1990, and a Professional Diploma in Marketing from the American University in Cairo, awarded in May 2007. |
