| Element List | Explanation |
|---|---|
| Introduction | Makkah Construction and Development Co. announces the formation of the Audit Committee for the new Board term commencing on 10-06-2026 and for a period of four years, ending on 09-06-2030, based on the Board of Directors’ resolution, as follows: |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Ibrahim Abdullah Ibrahim Alsubeaei |
| Membership Start Date | 2026-06-10 Corresponding to 1447-12-24 |
| Brief Resume of the Appointed Member | Mr. Ibrahim Alsubeaei’s professional career extends over more than 50 years across banking, commercial, real estate, and investment sectors. His career has included holding a number of leadership positions and board memberships across several companies and entities. He currently serves as Chairman of Al-Subaie Investment Group, in addition to holding board memberships in several companies and entities. He previously held board memberships across a number of listed companies and economic entities within the Kingdom, including Bank AlJazira, Bank Albilad, Arabian Cement Company, and Jabal Omar Development Company, reflecting extensive experience in governance, financial oversight, and investment management. Mr. Ibrahim Al-Subaie holds a High School Certificate and has completed a number of specialized courses in banking operations, English language, and computer skills. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Osama Omar Saeed Baryan |
| Membership Start Date | 2026-06-10 Corresponding to 1447-12-24 |
| Brief Resume of the Appointed Member | Mr. Osama Baryan has professional experience in auditing, governance, and financial oversight, in addition to his expertise in capital markets and asset management. His career has included holding several positions within the investment sector, as well as board memberships and memberships in audit and investment committees across a number of companies and entities inside and outside the Kingdom. He currently serves as Deputy Chief Executive Officer and Head of Investment at Dar Saleh Company. He previously held the position of Head of Financial Investments at Mithaq Investment Holding Company, in addition to serving on boards of directors and audit and investment committees for several companies, including Emaar The Economic City, Al Buhaira Development Company, Dallah Holding Company, Arab Moltaqa Investments Company, and KUN Sports Company, reflecting accumulated experience in investment, institutional oversight, and asset management. Mr. Osama Baryan holds a Master’s degree in Applied Financial Management, in addition to a Bachelor’s degree in Accounting. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdullah Eiad Abdulmohsen Alfaris |
| Membership Start Date | 2026-06-10 Corresponding to 1447-12-24 |
| Brief Resume of the Appointed Member | Mr. Abdullah Eiad Abdulmohsen Alfaris has professional experience extending over more than 15 years in finance, auditing, governance, and financial oversight. His career has included holding a number of executive positions and serving on boards and audit committees across several companies and entities. He currently serves as Chief Financial Officer of Riyad Capital. He previously held several leadership positions in the financial sector, most notably Head of Financial Policy and Control Department at Riya Bank and Head of Internal Audit at Riyad Capital, and Head of Internal Audit Unit at Riyad Bank, in addition to his earlier experience at the Capital Market Authority, Saudi Exchange, and Deloitte, reflecting accumulated experience in financial oversight, risk management, and institutional governance. Mr. Abdullah Eiad Abdulmohsen Alfaris holds a Master’s degree in Business Management with Finance from Heriot-Watt University, United Kingdom, and a Bachelor’s degree in Accounting from King Saud University. He also holds the Saudi Organization for Chartered and Professional Accountants (SOCPA) Certificate. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-06-10 Corresponding to 1447-12-24 |
| Additional Information | NA |
