| Element List | Explanation |
|---|---|
| Introduction | National Building and Marketing Co. announces that the Board of Directors, at its meeting held on 05 August 2026 (corresponding to 22/02/1448H), approved the resignation of Mr. Saleh bin Abdulrahman Al-Mahasen from his position as an Independent Board Member and as Chairman of the Audit Committee, due to his personal circumstances, effective from the date of submitting his resignation to the Board on 04 August 2026 (corresponding to 21/02/1448H). The Board also approved the appointment of Mr. Abdulaziz bin Ali Al-Hudaib as an Independent Board Member to fill the vacant seat, effective from the date of the Board resolution until the end of the current Board term, which expires on 06 March 2028. The Board of Directors extends its sincere appreciation and gratitude to Mr. Saleh bin Abdulrahman Al-Mahasen for his dedicated efforts and valuable contributions during his tenure as a member of the Board of Directors and Chairman of the Audit Committee, and wishes him continued success. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Saleh bin Abdulrahman Al-Mahasen |
| Membership Type | Independent |
| Resignation Submission Date | 2026-08-04 Corresponding to 1448-02-21 |
| Resignation Effective Date | 2026-08-04 Corresponding to 1448-02-21 |
| Membership Starting Date for the Resigned Member | 2025-01-24 Corresponding to 1446-07-24 |
| Reasons of Resignation | personal circumstances |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdulaziz bin Ali Al-Hudaib |
| Membership Type | Independent |
| Membership Start Date | 2026-08-05 Corresponding to 1448-02-22 |
| Brief Resume of the Appointed Member | Mr. Abdulaziz Ali Al-Hudaib holds a Bachelor's Degree in Business Administration from the University of La Verne (1989) and is a Certified Purchasing Manager (C.P.M.) accredited by the Institute for Supply Management (USA) (1997). He has more than 36 years of professional experience in organizational transformation, international strategic procurement, and strategic commercial management. He is an accomplished global executive with extensive leadership experience and a proven track record in strategic planning, organizational development, and commercial management. During his professional career, he has held several executive and board-level positions, including: - Vice President, Procurement and Logistics, Al Rajhi Steel Industries Company. - Member of the Industrial and Metals Committee. - Member of the Board of Directors, Arab Iron and Steel Union. - Member of the Board of Directors of SABIC Italy and SABIC India (1999–2002). |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-08-05 Corresponding to 1448-02-22 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |