| Element List | Explanation |
|---|---|
| Introduction | Knowledge Economic City (the “Company”) announces its Board of Directors’ decision accepting the Company’s Chief Executive Officer, Mr. Mohammad Abdulhameed Almubarak request dated 1/12/2025 not to renew his employment contract with the Company. The Board of Directors extend their sincere appreciation to Mr. Mohammad Almubarak for his valuable contribution and dedicated efforts during his more than six years of service with Knowledge Economic City and wish him continued success in his future endeavors. The Company further announces its Board of Directors’ decision appointing Eng. Hazem Samir Elbanna, COO, as an Acting Chief Executive Officer. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mohammad Abdul Hameed Almubarak |
| Resignation Acceptance Date | 2025-12-28 Corresponding to 1447-07-08 |
| Resignation Effective Date | 2026-01-01 Corresponding to 1447-07-12 |
| Reasons for Resignation | His decision not to renew his employment contract due to personal circumstances |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Eng. Hazem Samir Elbanna |
| Date of Board Resolution | 2025-12-28 Corresponding to 1447-07-08 |
| Date Work Commencement | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume | Eng. Hazem Elbanna has over thirty years of professional experience in real estate development, engineering consultancy, contracting, and executive management gained from his work in multiple development disciplines. He holds a Bachelor’s and a Master’s degree in Civil Engineering, in addition to a Diploma in Business Administration. |
