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Element List	Explanation
Introduction	ASharqiyah Development Company announces the extension of the appointment of Managing Director Mr. Faiz bin Saleh bin Mahfouz as Acting CEO of the ASharqiyah Development Company. His appointment will end on 6-1-2026, and the new extension will begin on 7-1-2026 for a period of one year. ASharqiyah Development Company announces the extension of the appointment of Managing Director Mr. Faiz bin Saleh bin Mahfouz as Acting CEO of ASharqiyah Development Company. His previous appointment ended on January 6, 2026, and the new extension begins on January 7, 2026, for a period of one year.

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Explanation

Introduction

ASharqiyah Development Company announces the extension of the appointment of Managing Director Mr. Faiz bin Saleh bin Mahfouz as Acting CEO of the ASharqiyah Development Company. His appointment will end on 6-1-2026, and the new extension will begin on 7-1-2026 for a period of one year.

ASharqiyah Development Company announces the extension of the appointment of Managing Director Mr. Faiz bin Saleh bin Mahfouz as Acting CEO of ASharqiyah Development Company. His previous appointment ended on January 6, 2026, and the new extension begins on January 7, 2026, for a period of one year.

Element List	Explanation
Appointment Type	Delegation
Name of the Appointed Person	Mr. Fayez Saleh bin Mahfouz
Date of Board Resolution	2025-12-31 Corresponding to 1447-07-11
Date Work Commencement	2026-01-07 Corresponding to 1447-07-18
Brief Resume	He holds a Bachelor’s degree in Business Administration from King Saud University and has experience in executive management.

ASharqiyah Development Company announces the extension of the appointment of the CEO of ASharqiyah Development Company