| Element List | Explanation |
|---|---|
| Introduction | Tabuk Agricultural Development Company announces that Mr. Majid Ahmed Ibrahim Alsuwaigh, a Member of the Board of Directors (Independent Member), has submitted his resignation on 10/03/2026G (corresponding to 21/09/1447H) at his own request due to personal reasons. The Board of Directors approved the resignation effective from the date of the Board meeting held on the morning of Wednesday, 11/03/2026G (corresponding to 22/09/1447H). It is worth noting that Mr. Majid Alsuwaigh had served as a member of the Board of Directors in the company during previous board terms from 01/07/2021 until the date of his resignation, during which he also served as Chairman of the Board from 03/09/2023 until 12/08/2025. During the same meeting, the Board approved the recommendation of the Nomination and Remuneration Committee to appoint Eng’r. Abdullah Yousef Abdullah AlYousef (Independent Member) to the Board of Directors, effective 11/03/2026 until the end of the current board term on 11/08/2028, subject to presentation to the next General Assembly of the Company and completion of the related regulatory procedures. The Board wishes everyone continued success and prosperity. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mr. Majid Ahmed Ibrahim Alsuwaigh |
| Membership Type | Independent |
| Resignation Submission Date | 2026-03-10 Corresponding to 1447-09-21 |
| Resignation Effective Date | 2026-03-11 Corresponding to 1447-09-22 |
| Membership Starting Date for the Resigned Member | 2025-08-12 Corresponding to 1447-02-18 |
| Reasons of Resignation | Based on his request due to personal reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Engr. Abdullah Yousef Abdullah AlYousef |
| Membership Type | Independent |
| Membership Start Date | 2026-03-11 Corresponding to 1447-09-22 |
| Brief Resume of the Appointed Member | Eng. Abdullah AlYousef holds an Executive MBA from King Fahd University of Petroleum and Minerals and a Bachelor’s degree in Electrical Engineering from King Fahd University of Petroleum and Minerals. He also holds Certified Board Director certifications from IMD and BDI. He has extensive experience in corporate strategy, operations and maintenance, risk and crisis management, business continuity, digital transformation, business center development, building technical departments, leading operational teams, securing capital and operational budgets, and executing major projects. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-03-11 Corresponding to 1447-09-22 |
| 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 |
