Modern Mills Company Announces the Resignation of a Board Member and Chairman of the Nomination and Remuneration Committee

MODERN MILLSTadawulJune 21, 2026View on exchange

AI Summary

Modern Mills Company's Board of Directors accepted the resignation of Mr. Majed Mazen Nofal from his positions as an independent Board Member and Chairman of the Nomination and Remuneration Committee.
The resignation was effective as of June 19, 2026, following its submission on June 18, 2026.
Mr. Nofal, who had been a member of the board since August 16, 2023, cited personal reasons for his departure.

Element List	Explanation
Introduction	Modern Mills Company announces the approval by circulation of the Board of Directors on Saturday, 20/06/2026G corresponding to 05/01/1448H, to accept the resignation of Board Member and Chairman of the Nomination and Remuneration Committee, Mr. Majed Mazen Nofal (Independent Member), effective from 19/06/2026G, due to personal reasons. The Chairman and members of the Company’s Board of Directors extend their sincere thanks and appreciation to Mr. Majed Mazen Nofal for his efforts during his tenure with the Company and wish him continued success.

Element List

Explanation

Introduction

Modern Mills Company announces the approval by circulation of the Board of Directors on Saturday, 20/06/2026G corresponding to 05/01/1448H, to accept the resignation of Board Member and Chairman of the Nomination and Remuneration Committee, Mr. Majed Mazen Nofal (Independent Member), effective from 19/06/2026G, due to personal reasons.

The Chairman and members of the Company’s Board of Directors extend their sincere thanks and appreciation to Mr. Majed Mazen Nofal for his efforts during his tenure with the Company and wish him continued success.

Element List	Explanation
Resigned Member Name	Majed Mazen Nofal
Membership Type	Independent
Resignation Submission Date	2026-06-18 Corresponding to 1448-01-03
Resignation Effective Date	2026-06-19 Corresponding to 1448-01-04
Membership Starting Date for the Resigned Member	2023-08-16 Corresponding to 1445-01-29
Reasons of Resignation	personal reasons