| Element List | Explanation |
|---|---|
| Introduction | Advanced Building Industries Company “SENAAT” announces the Board of Directors decision (by circulation) on April 15, 2026, accepting the resignation of the Audit Committee Chairman, Mr. Khalid Mohammad Al-Fuhaid, due to the appointment as a member of one of “Senaat” subsidiaries. The Board also approved the appointment of Mr. Adel Saleh M. Al-Ghassab (Independent Board Member) as a member of the Audit Committee, effective April 15, 2026, to complete his predecessor’s remaining tenure for the current Board term, which ends on April 30, 2028. |
| Element List | Explanation |
|---|---|
| Name of Resigning Member | Mr. Khalid Mohammad Al-Fuhaid |
| Resignation Submission Date | 2026-04-14 Corresponding to 1447-10-26 |
| Resignation Effective Date | 2026-04-15 Corresponding to 1447-10-27 |
| Reasons for Resignation | Due to the appointment as a member of one of “Senaat” subsidiaries. |
| Resigning Member Start Date | 2025-05-01 Corresponding to 1446-11-03 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Adel Saleh Al-Ghassab |
| Membership Start Date | 2026-04-15 Corresponding to 1447-10-27 |
| Brief Resume of the Appointed Member | Mr. Adel Al-Ghassab obtained his bachelor’s degree in industrial management from King Fahd University of Petroleum and Minerals in 1986. He has more than 36 years of experience in the industrial sector and is currently board member of several industrial companies. He was the President of Zamil Plastic Industries Company for more than 10 years, and previously held several positions in Saudi Basic Industries Corporation (SABIC) in the field of marketing and manufacturing of packaging materials. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-04-15 Corresponding to 1447-10-27 |
