| Element List | Explanation |
|---|---|
| Introduction | Ratio Specialty Company for Trading announces that the Board of Directors issued a resolution (by circulation) dated 11/06/2026 approving the resignation of the Chief Executive Officer, Mr. Abdullatif Ibrahim Al-Mulhim, submitted on 10/06/2026, effective as of 30/07/2026. This is due to his appointment as Vice Chairman of the Board, in addition to several other memberships on the Board's subcommittees. This resignation aims to enhance governance effectiveness and practices, and to support the separation of executive responsibilities from supervisory and oversight roles. The Board of Directors also extends its sincere thanks and appreciation to Mr. Abdullatif Ibrahim Al-Mulhim for his outstanding efforts and qualitative achievements, which — by God's grace — contributed to achieving strategic shifts in the growth and development of the Company's business and the realization of its objectives, wishing him continued success and prosperity in his future endeavors. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Abdullatif Ibrahim Al-Mulhim |
| Resignation Acceptance Date | 2026-06-11 Corresponding to 1447-12-25 |
| Resignation Effective Date | 2026-07-30 Corresponding to 1448-02-16 |
| Reasons for Resignation | Assignment to multiple board memberships. |