| Element List | Explanation |
|---|---|
| Introduction | Alandalus Property Co. announces the resignation of Board Member Mr. Tariq Saad Al-Twijrey (Independent Member), who submitted his resignation on Sunday dated 28-09-2025 AD, due to the loss of his independent status as a board member, and one of the impediments to independence was applied, which will affect the minimum level of independence of the Board Members. The Board of Directors approved this resignation on 28/09/2025 AD, with the resignation being effective until the end of the workday on Sunday 28-09-2025 AD. In this regard, the Chairman and members of the Board of Directors would like to extend their sincere thanks and appreciation to Mr. Tariq Saad Al-Twijrey for his blessed efforts during his membership on the Board, with best wishes for his future success. The Board of Directors of Alandalus Property Co. has also decided to appoint Dr. Abdullah Abdul Mohsen AlAbdulkarim as an Independent Member of the Board of Directors to complete the current term, which ends on 09/03/2027. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mr. Tariq Saad Al-Twijrey |
| Membership Type | Independent |
| Resignation Submission Date | 2025-09-28 Corresponding to 1447-04-06 |
| Resignation Effective Date | 2025-09-28 Corresponding to 1447-04-06 |
| Membership Starting Date for the Resigned Member | 2024-10-09 Corresponding to 1446-04-06 |
| Reasons of Resignation | The status of independence has been nullified, and one of the conditions affecting independence has applied, which will impact the minimum level of independence of the board members. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Dr. Abdullah Abdul Mohsen AlAbdulkarim |
| Membership Type | Independent |
| Membership Start Date | 2025-09-29 Corresponding to 1447-04-07 |
| Brief Resume of the Appointed Member | Dr. Abdullah Abdul Mohsen AlAbdulkarim holds a PhD in Industrial Engineering from Cranfield University, a Master’s degree in Logistics and Optimization from the University of Portsmouth, and a Bachelor’s degree in Industrial Engineering from King Saud University. He currently serves as the CEO of the Saudi Logistics Academy, And his extensive experience in logistics, industrial engineering, and organizational transformation. |
| The date of the approval by other official authorities | Not apply |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-09-28 Corresponding to 1447-04-06 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
| Attached Documents | Attached Documents |
