Correction announcement from Dar Albalad for Business Solutions Co. Regarding the Appointment of a Board Member.
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-08-17 Corresponding to 1448-03-04 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Dar Al-Balad for Business Solutions announces the Board of Directors' resolution issued on 03/03/1448 AH (corresponding to 16/08/2026 G) approving the appointment of Eng. Bassam bin Ibrahim bin Salamah as an Executive Director to fill the vacant seat on the Board of Directors, effective from the date of the resolution until the end of the current Board term. This appointment shall be presented to the first General Assembly meeting for endorsement. Furthermore, the Board resolved to appoint Eng. Bassam bin Ibrahim bin Salamah as Managing Director, succeeding Eng. Abdulaziz bin Ibrahim bin Salamah, who will continue to serve as a Non-Executive Director on the Board of Directors at his own request. |
| Correct Statement | The new board member will be elected by the General Assembly to fill the newly created position by calling for nomination for the board of directors membership. Accordingly, the number of appointed members in the board will remain five until calling for nomination to appoint the sixth member in the newly created position. Furthermore, Eng. Abdulaziz bin Ibrahim bin Salamah will continue as Managing Director as previously. In the event that the Board of Directors decides to appoint a new member in the new position, the call for nominations will be announced later. |
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